Ping An Made China Family Rich

    Chinese Prime Minister Wen Jiabao reviews the Guard of honour during the welcoming ceremony at Government House in Bangkok on November 21, 2012. Wen is on a two-day official visit to Thailand. AFP PHOTO/PORNCHAI KITTIWONGSAKUL        (Photo credit should read PORNCHAI KITTIWONGSAKUL/AFP/Getty Images)

    Pornchai Kittiwongsakul, AFP / Getty Images

    Wen in China, get filthy rich. Relatives of Chinese Premier Wen Jiabao profited enormously from shares they held in Ping An Insurance—a company Wen intervened personally to keep intact when he was serving as head of the country’s central bank, according to a New York Times investigation. Relatives of Wen acquired shares in the company after the now-premier’s intervention. The $50 billion Ping An is now the single greatest source of wealth for a family that has built a tidy hoard since Wen came to power.

    Read it at The New York Times