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The list of high-profile executives in China that have been investigated, face exit bans, or have just gone missing, keeps growing
The list of high-profile executives in China that have been investigated, face exit bans, or have just gone missing, keeps growing
Lakshmi VaranasiJan 13, 2024, 01:23 IST
A slew of high-profile corporate execs have been targeted by Chinese authorities in recent years including HNA's Chen Feng and Adam Tan, Anbang's Wu Xiaohui, and Xi Jinping critic, Ren Zhiqiang.Thomson Reuters/REUTERS/Amr Alfiky/Getty Images/Chairman of Anbang Insurance Group Wu Xiaohui attends the China Development Forum in Beijing
A slew of high-profile leaders have been targeted by China's tightening regulations.
In recent months several executives have been barred from leaving the country through exit bans.
China has grown noticeably colder toward businesses — and their top leaders — in recent years.
Under Xi Jinping's leadership, authorities have cracked down on private sector companies, raided the offices of major firms, slowed the approval of deals, and targeted a slew of high-profile executives. Many of these leaders have been subject to investigation, barred from leaving the country, placed under surveillance, or have even gone missing.
China's tightening regulations have also triggered concerns overseas. In June, the US State Department issued an updated travel advisory to mainland China alerting potential travelers to the "arbitrary enforcement of local laws, including in relation to exit bans, and the risk of wrongful detentions."
Here's a closer look at the growing list of execs that have been targeted by Chinese authorities.
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Michael Chan, managing director for the US risk-advisory firm Kroll, has been blocked from leaving the country over the past two months by an exit ban.
Michael Chan, managing director at Kroll, which has offices in Beijing, is facing an exit ban in China.Construction Photography/Avalon / Contributor
Charles Wang Zhonghe, a senior banker at Japanese firm Nomura, was recently barred from leaving China.
Charles Wang Zhonghe a senior banker at Nomura is facing an exit ban as he cooperates with an investigation.Toru Hanai/REUTERS
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Hui Ka Yan, chairman of Evergrande, one of China’s largest real estate developers, is under police control.
China Evergrande founder Hui Ka Yan is being monitored by authorities for suspected crimes.VCG/Getty Images
Bao Fan, the CEO and cofounder of Chinese investment bank China Renaissance, disappeared in February.
Bao, one of China's top dealmakers, went missing in February and is cooperating with an investigation.Courtesy of China Renaissance
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Chen Feng, chairman of Chinese conglomerate HNA and chief executive Adam Tan, were detained in 2021 over suspected crimes.
HNA's Chen and Adam were detained in 2021.Thomson Reuters/REUTERS/Amr Alfiky
Property tycoon, Ren Zhiqiang, was sentenced to 18 years in prison in 2020.
Ren Zhiqiang went missing after he criticized the government's handling of the pandemic.Getty Images
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Anbang Insurance Group’s founder and former chairman, Wu Xiaohui, was detained and subsequently sentenced to 18 years in prison.
Former chairman of Anbang Insurance Group was sentenced to 18 years in prison.Thomson Reuters
Chinese-Canadian billionaire, Xiao Jianhua, was sent to jail on corruption charges in 2022.
Xiao was living at the Hong Kong Four Seasons when he was taken by authorities in 2017.Four Seasons Image Library
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Whitney Duan, once one of China’s richest women, disappeared in 2017.
Desmond Shum, former husband of Whitney Duan, who went missing in 2017.PBS
Jack Ma, e-commerce mogul, disappeared in 2020 after criticizing the Chinese financial industry.
Chinese entrepreneur Jack Ma, once one of the wealthiest men in Asia, has kept a low profile since 2020.Future Publishing/Getty Images