The wealth of the family of incoming Chinese president Xi

Li Jinping Millionaire Relations Reveal Fortunes of Elite – Bloomberg, June 29, 2012
…Those interests include investments in companies with total assets of $376 million; an 18 percent indirect stake in a rare- earths company with $1.73 billion in assets; and a $20.2 million holding in a publicly traded technology company. The figures don’t account for liabilities and thus don’t reflect the family’s net worth.
No assets were traced to Xi, who turns 59 this month; his wife Peng Liyuan, 49, a famous People’s Liberation Army singer; or their daughter, the documents show. There is no indication Xi intervened to advance his relatives’ business transactions, or of any wrongdoing by Xi or his extended family.
While the investments are obscured from public view by multiple holding companies, government restrictions on access to company documents and in some cases online censorship, they are identified in thousands of pages of regulatory filings…

Earlier: China blocks access to all New York Times’ websites after article detailing premier’s wealth

Earlier: Billions in Hidden Riches for Family of China’s Prime Minister

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One Response to The wealth of the family of incoming Chinese president Xi

  1. Wiz says:

    After major renovation with the extra stuffs from Makkasan Loco Depot and Maintenance Center, I hope that this museum will be reopened as the revived “Railway Museum” soon.

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