China Create Capital Chairman Zhang Wei (in white) with Henderson Land Development’s executive director Fung Lee Woon-king, who is also the sister of the developer’s chairman Lee Shau-kee, during a signing ceremony in Macau on January 5, 2018. Photo: Handout

Soldier-turned-entrepreneur Zhang Wei arrested by Shenzhen police, who call his China Create Capital a ‘mafia-like gang’

  • China Create Capital, established in 2004 as an investment holding firm, owns stakes in at least 10 Hong Kong-traded companies, valued at a combined HK$346.8 million
  • The company, headed by Zhang Wei, is a ‘mafia-style gang’ involved in a range of crimes, Shenzhen police said after arresting Zhang and 43 other of his colleagues
Topic |   Corruption in China