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Ma may be worth ten billion and that is rated No. 5 to the Forbes’ listing of billionaires in the China. Within the 2007, the guy became director from TCH Pi Limited on the BVI having other Tencent maker Zhang Zhidong. Depending on the ICIJ data, the new BVI enterprises appear to be connected to his Tiens Group conglomerate, which has passions inside the biotechnology, tourism, e-commerce and home. Overseas Leaks info let you know Fu — who may have committed to yachting nightclubs and you may golf courses on the mainland — regulated no less than five overseas companies established in the brand new BVI ranging from 1997 and you may 2000.
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The brand new released offshore info are specifics of a BVI company fifty percent belonging to President Xi’s sister-in-law Deng Jiagui. The brand new partner from Xi’s old cousin, Deng are a good multimillionaire a house creator and an investor in the gold and silver coins included in devices or other electronic devices. The fresh ICIJ group spent weeks sifting through the data files as well as the leaked listing from overseas users.