Che Feng (; born 1970) is a Chinese business mogul and the son-in-law of former

People's Bank of China The People's Bank of China (officially PBC and unofficially PBOC) is the central bank of the People's Republic of China. It is responsible for carrying out monetary policy as determined by the ''PRC People's Bank Law'' and the ''PRC Commercia ...

governor

Dai Xianglong Dai Xianglong (; born 1 October 1944) is a Chinese politician. He is the former governor of the People's Bank of China, and the former mayor of Tianjin. He currently serves as the president and Chinese Communist Party (CCP) party chief of the N ...

. He is currently under investigation by the authorities, suspected of corruption.

Biography

Born in

Hefei Hefei is the Capital city, capital of Anhui, China. A prefecture-level city, it is the political, economic, and cultural center of Anhui. Its population was 9,369,881 as of the 2020 census. Its built-up (or ''metro'') area is made up of four u ...

, Anhui province, Che was the third of three sons of a former soldier of the

People's Liberation Army The People's Liberation Army (PLA) is the military of the Chinese Communist Party (CCP) and the People's Republic of China (PRC). It consists of four Military branch, services—People's Liberation Army Ground Force, Ground Force, People's ...

. He received a middle school education. In his youth, Che arrived in Shanghai to run a small business selling clothing. He met Dai Rong, daughter of Dai Xianglong, who became attracted to Che due to his sturdy build and height. Through his political connections, Che moved into the real estate business in Shanghai and Hainan. In 2004, Che secured a loan worth over 200 million yuan and collaborated with Hopson Development to build a 34-story office building in the

Lujiazui Lujiazui (, ) is a locality in Shanghai, a peninsula formed by a bend in the Huangpu River. Since the early 1990s, Lujiazui has been developed specifically as a new financial district of Shanghai. The decision to earmark Lujiazui for this purp ...

financial district of Shanghai. By 2015, Che had controlled some 30 companies and was a highly recognized name in Chinese investment circles. Che was reported to hold a large stake in the Hong Kong Stock Exchange-listed production company

Digital Domain Digital Domain (also known as Digital Domain Media Group or DDMG) is an American visual effects, computer animation and digital production company headquartered in Playa Vista, Los Angeles, California. Digital Domain has produced visual effects ...

. Che was said to have purchased – through a series of complex arrangements and financing through debt – the original shares of

Haitong Securities Haitong Securities was a securities firm in China, providing services in stocks and futures brokerage, as well as investment banking, corporate finance, M&A, asset management, mutual fund, and private equity. Haitong was listed on the Shanghai ...

and Ping'an Insurance in a case that not only implicated his father-in-law Dai Xianglong, but also was linked to the family and associates of then Chinese Premier

Wen Jiabao Wen Jiabao ( zh, s=温家宝, p=Wēn Jiābǎo; born 15 September 1942) is a Chinese retired politician who served as the 6th premier of China from 2003 to 2013. In his capacity as head of government, Wen was regarded as the leading figure behin ...

. Upon the respective company's

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

s, Che was said to have gained a total sum of 8.8 billion yuan (~$1.3 billion). Che was also linked to Zeng Wei, son of

Zeng Qinghong Zeng Qinghong (, born 30 July 1939) is a retired Chinese politician. He was a member of the Politburo Standing Committee of the Chinese Communist Party, China's highest leadership council, and a member of the Secretariat of the Central Commit ...

. Che was a major player in one of the most lurid corruption scandals during the anti-corruption crackdown under

Xi Jinping Xi Jinping, pronounced (born 15 June 1953) is a Chinese politician who has been the general secretary of the Chinese Communist Party (CCP) and Chairman of the Central Military Commission (China), chairman of the Central Military Commission ...

. Che was said to have leveraged various shell companies based in the

British Virgin Islands The British Virgin Islands (BVI), officially the Virgin Islands, are a British Overseas Territories, British Overseas Territory in the Caribbean, to the east of Puerto Rico and the United States Virgin Islands, US Virgin Islands and north-west ...

to perform complex corporate maneuvers. He relied on support from former state intelligence official Ma Jian, who was introduced to Che by another renowned business mogul

Guo Wengui Guo Wengui (; born May 10, 1970—self claim or October 5, 1968), also known under the Cantonese language, Cantonese name Ho Wan Kwok (), Miles Guo, and Miles Kwok, is a self-exiled Chinese billionaire businessman, political activism, politica ...

; it was said that Che helped inject some 600 million yuan of cash to Guo's fledgling investments and the two became good friends. It was said that the Ma Jian case opened way for the

Central Commission for Discipline Inspection The Central Commission for Discipline Inspection (CCDI) is the highest supervisory organ of the Chinese Communist Party (CCP). The CCDI is elected and supervised by the National Congress of the Chinese Communist Party, CCP National Congress. ...

to investigate Che. Che was placed under investigation on June 2, 2015, on a trip to Beijing. Prior to that, he resided mostly in Hong Kong.

References

{{DEFAULTSORT:Che, Feng People from Hefei Living people Year of birth missing (living people)