Li Qianxin
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Li Qianxin (Chinese: 栗潛心), also known as Li Qianxin Naomi,[1] Chairman of CCB International,[2] is a member of the Princelings and elder daughter of Li Zhanshu,[2] a member of the Politburo Standing Committee of the Communist Party of China. A New York Times investigation reveals that the family of three top CCP officials including Li Zhanshu's daughter Li Qianxin have luxury homes in Hong Kong worth a total of more than $51 million. [3]
New York Times investigation[edit]
According to the New York Times investigation, Li bought a 4-story property at 6 Stanley Beach Road in the Southern District of Hong Kong Island in 2013 for USD $15 million through Century Joy Holdings Ltd., a company registered in Hong Kong with Li as the sole director, and incorporated in the British Virgin Islands.[3] In October 2019, when the New York Times contacted her regarding a scandal involving Deutsche Bank and their illicit hiring practices,[4] she dissolved Century Joy Holdings Ltd. within a matter of hours.[3] Li was found to have pushed Deutsche Bank to hire her younger sister,[1] who was deemed unqualified for the bank's corporate communications team, but received the job offer anyway.[4]
Her husband, Chua Hwa Por, was also part of the report.[3] Chua owned a racehorse called Limitless, and also took over a company named Tai United in early 2017, when he was appointed as chairman.[3] Under his supervision, Tai United bought a large share in the Peninsula Hotel, as well as the entire 79th floor of a Hong Kong skyscraper (reported earlier by SCMP to be at The Center[5]).[3] Chua stepped down from Tai United shortly afterwards in July 2017, when Next Magazine reported on the purchases and Chua's potential ties to Li Qianxin's father, Li Zhanshu.[3] In January 2018, Chua then sold the majority of his Tai United shares.[3]
Together, Li and Chua jointly own another company, named Chua & Li Membership.[3] Li and Chua both had listed the 6 Stanley Beach Road unit as their residence until early 2020, when Li changed her address to another apartment Chua owns, located on the 60th floor of a building.[3]
Also according to the investigation, Li joined networks such as the Hua Jing Society in Hong Kong, a group that networks princelings and tycoons.[3]
References[edit]
- ↑ 1.0 1.1 "Mike Forsythe 傅才德 @PekingMike". Unknown parameter
|url-status=ignored (help) - ↑ 2.0 2.1 "Brookings Institute report on Li Zhanshu" (PDF). Unknown parameter
|url-status=ignored (help) - ↑ 3.00 3.01 3.02 3.03 3.04 3.05 3.06 3.07 3.08 3.09 3.10 "Luxury Homes Tie Chinese Communist Elite to Hong Kong's Fate".
- ↑ 4.0 4.1 Forsythe, Michael; Enrich, David; Stevenson, Alexandra (2019-10-14). "Inside a Brazen Scheme to Woo China: Gifts, Golf and a $4,254 Wine". The New York Times. ISSN 0362-4331. Retrieved 2020-08-28.
- ↑ "How's the 'Singaporean' investor in The Peninsula's holding company l…". archive.is. 2017-07-20. Retrieved 2020-08-28.
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