Zhang Zhenxin
Zhang Zhenxin | |
---|---|
Hanyu Pinyin | Zhāng Zhènxīn |
IPA | [ʈʂáŋ ʈʂə̂nɕín] |
Yue: Cantonese | |
Jyutping | Zoeng1 Zan3 San1 |
Zhang Zhenxin (
Early life and education
Zhang was born in March 1971 in Tongliao, Inner Mongolia, China.[1] In September 1992, he entered Dongbei University of Finance and Economics and graduated in July 1996 with a bachelor's degree in economics. He returned to the university in September 2001, as a graduate student, and earned his master's degree in economics in July 2004.[2]
Career
Zhang served as general manager of the Dalian branch of Shanghai Wanguo Securities.
In 2013, Zhang began acquiring shares in Credit China Holdings Limited, a company listed on the
In 2015, Zhang purchased an 80% share of the five-star Castlemartyr Resort in County Cork, Ireland, a few months after Kanye West and Kim Kardashian spent part of their honeymoon there.[6]
UCF made headlines in early 2017 when it offered HK$7.1 billion to acquire the insurance company Hong Kong Life. However, the deal collapsed in October 2018 and UCF forfeited its HK$710 million deposit.[3] UCF fell into debt trouble in the second half of 2018, when the Chinese government cracked down on P2P lending, and partly because of losses from its cryptocurrency investments.[4] UCF Pay, a subsidiary of Chong Sing Holdings, was found to have embezzled client funds and had its operations suspended.[4] The share price of Chong Sing fell by 88% in 2019, before trading was suspended in July.[5]
Death
On 18 September 2019, Zhang died at
References
- ^ a b Hao Xinyao 郝昕瑶 (5 October 2019). "先锋系创始人张振新异国身亡 百亿资产窟窿难填". Sina. Retrieved 11 October 2019.
- ^ Liu Qianlin 刘茜琳 (5 October 2019). "48岁神秘资本大佬张振新在英国去世,先锋系何以陷入败局?". The Paper. Retrieved 11 October 2019.
- ^ a b c d Xie Yu (7 October 2019). "Chinese tycoon dies aged 48 with his empire swamped by debt". South China Morning Post. Retrieved 11 October 2019.
- ^ a b c Hu Yue; Guo Yingzhe (7 October 2019). "Troubled Financial Group Confirms Secretive Tycoon is Dead". Caixin Global. Retrieved 11 October 2019.
- ^ a b c Denise Wee; Blake Schmidt (7 October 2019). "Secretive Chinese Tycoon Targeted by Short-Sellers Dies". Bloomberg. Retrieved 11 October 2019.
- ISSN 0956-1382. Retrieved 11 October 2019.