Trending in China: For Love or Cash? Gold Mining Boss Remarries After Redistributing Wealth

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Trending in China: For Love or Cash? Gold Mining Boss Remarries After Redistributing Wealth

What’s trending?

Previously two days, pictures and movies of the marriage of Chen Jinghe, chairman of Zijin Mining, China’s largest gold firm, have been shared copiously on-line. The 63-year-old chairman of listed firm Zijin Mining married for the second time over the Chinese language Nationwide Day vacation.

Chen Jinghe’s marriage to Qian Bing, 38, is making waves on Weibo not solely as a result of 25 yr age hole between the couple but additionally due to the monetary preparations put in place between the billionaire and his rising household.

What’s the story?

Chen Jinghe is certainly one of China’s three well-known mineral business bosses, alongside Wang Wenyin in copper and Zhang Shiping in aluminum. Chen’s firm, Zijin Mining, is listed in Hong Kong and Shanghai with a market worth of round 150 billion yuan ($22 billion).

As said in Zijin Mining’s first-half monetary report printed on July 27, Chen accomplished the switch of 51 million A shares value 314 million yuan to his son from his earlier marriage. Chen at the moment holds shares value round 440 million yuan, and his son holds shares with a market worth of round 310 million yuan. With rising gold costs, the corporate’s market worth has soared in latest months.

It’s understood that Chen’s first spouse Lai Jinlian handed away in 2019 and that his new spouse Qian holds an MBA and works in mergers and acquisitions, in line with China Securities Journal.

What are individuals saying on-line?

Some on-line commentators joked that the wedding is Qian’s most profitable merger and quote her feedback that: “Our marriage will present that real love can break by way of conventional age limits.”

A preferred remark learn, “The bride is gorgeous and chic. Admiring a person with energy is comprehensible.” One other remark expressed the hope that “after the vacation, Zijin Mining will attain its every day higher restrict for 2 days in a row in order that shareholders might be a part of within the celebrations with the chairman!”

Different on-line posts nonetheless have been much less type, with a video likening the bride to a high-grade gold digger being significantly fashionable.

Contact editor Marcus Ryder (marcusryder@caixin.com)

Associated: China Gold-Mining Large Zijin Fights Lack of $1 Billion-a-Yr Papua New Guinea Mine

 



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