CEFC's founder Ye Jianming. Photo: SCMP/Handout

China detains CEFC’s founder Ye Jianming, wiping out US$153 million in value off stocks

From obscurity, Ye Jianming built a business empire with 263 billion yuan in sales before he turned 40, and began shopping for energy assets around the world, mostly funded by China’s state banks

Topic |   Mergers & Acquisitions

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CEFC's founder Ye Jianming. Photo: SCMP/Handout
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Eric Ng

Eric Ng

Eric joined the SCMP in 1998 after brief stints in a trading company and translation and editing roles at Dow Jones and Edinburgh Financial Publishing. He has close to 20 years of experience covering China's energy, mining and industrial materials sectors, and has recently added biotechnology to his coverage. Eric has a Masters of Business Administration degree.

Xie Yu

Xie Yu

Xie Yu joined the Post in 2015. She is the chief China finance reporter, covering the economy and development of financial markets.