--FILE--Chen Feng, chairman and founder of the Chinese business conglomerate HNA Group and Hainan Airlines, attends an interview in Haikou city, south
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Contributor:
Imaginechina Limited / Alamy Stock PhotoImage ID:
W7TDCWFile size:
42.2 MB (841.5 KB Compressed download)Releases:
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4854 x 3036 px | 41.1 x 25.7 cm | 16.2 x 10.1 inches | 300dpiDate taken:
27 August 2015Photographer:
ImaginechinaMore information:
--FILE--Chen Feng, chairman and founder of the Chinese business conglomerate HNA Group and Hainan Airlines, attends an interview in Haikou city, south China's Hainan province, 27 August 2015. During his first state visit to Britain, President Xi Jinping of China heralded the great economic opportunities between the two countries, in energy, infrastructure and finance. He finished off the late 2015 trip at Manchester Airport, unveiling a new direct flight to Beijing on the Chinese carrier Hainan Airlines. The political spotlight was a global coup for Chen Feng, chairman of the carrier¯s parent, the HNA Group, who was on hand to greet Mr. Xi and David Cameron, then British prime minister. In just over two decades, Mr. Chen, 63, has helped transform a small airline in southern China into one of the country¯s few global powerhouses, with big stakes in Hilton Hotels, Swissport and Ingram Micro. This week, HNA said it was the largest investor in Germany¯s Deutsche Bank, part of a broader push by Chinese players into global finance. Mr. Chen has propelled the privately held HNA onto the world stage through a dizzying array of acquisitions, a spending spree supported by Chinese state banks and hidden behind a holding company with a complex ownership structure. According to corporate filings, state-backed banks have given HNA a $60 billion line of credit, a level of lending usually reserved for state-owned enterprises charged with carrying out the government¯s policies. *** Local Caption ***