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An expert in venture capital

by  |  8 years, 9 month(s) ago

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During the 10 years that Wen Jiabao took the leadership of the Chinese government (2003-2013), cultivated an image of single man and concerned about the welfare of the people. It was common to see him in the state media comforting the families of the miners killed in an accident; visiting peasants dressed in white shirt, black pants and sneakers, or playing basketball with students.

That image crumbled to many when the U.S. newspaper The New York Times in October 2012 revealed that some of his relatives, including his only son, Wen Yunsong - have controlled assets valued at 2,700 million dollars (1,980 million euros).

Yunsong Wen, in his 40s, is one of the members of the red aristocracy has used tax havens, according to the database filtered the International Consortium of Investigative Journalists (ICIJ, its acronym in English), which had access COUNTRY. His name appears as a shareholder and director of Gold Trend Consultants Limited, a company registered in the British Virgin Islands on September 28, 2006, when his father was prime minister. Wen Jiabao not appear in any document linked to your child's activities.

Wen Yunsong, also known as Winston Wen- an expert in venture capital, management of high- technology, finance and consumer markets, says on its website the organization World Economic Forum, based in Switzerland.

Like many princes, the name by which the children of current and former top leaders of the Chinese Communist Party (CCP), studied abroad are known. Degree in Mechanical Engineering from the Beijing Institute of Technology, holds a Master of Materials Engineering University of Windsor (Canada) and a business administration from the Kellogg School of Management at Northwestern University (Chicago, Illinois). He has worked as a software engineer for the China Academy of Space Technology and as a project manager at Siemens Canada.

Like the children of other senior leaders, Wen Yunsong has easy to access decision-making powers. In 2005, a few years after its passage by Northwestern, he participated in the founding of New Horizon Capital, a venture capital firm focused on the Chinese market, funded by Softbank (Japan), Temasek (Singapore) and Deutsche Bank (Germany), among others. Between graduation and the creation of this company, he founded a telephone equipment company, whose clients include major banks and brokerage firms. In 2012, after leaving New Horizon, he became president of the state operator China Satellite Communications satellites, which aspires to be the largest firm in the sector in Asia.

 Tags: Capital, Expert, venture

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