Chen Feng (businessman)

[4] Chen Feng was born in June 5,1953 in Huozhou, Shanxi province[3] and raised in Beijing, the son of middle-rank Communist Party officials.

[3] In 1989, he took a job at the World Bank's loan office in Haikou and in 1990,[2] he went to work for the Aviation Business Assistant to Provincial Governor in Hainan province[1] which had seen a surge in development as a tourist destination.

[2] Chen was able to go on an acquisition spree - using his holding company, the HNA Group, as the primary purchasing vehicle - and expanded its operations into logistics, retail, property, tourism, and financial services.

[9] In May 2017, HNA Group's stocks fell by 16.7%, its biggest intraday drop since November 18, 2015, following allegations by Guo Wengui of infighting and wrongdoing of Chinese leaders, although the direct causation could not be established.

[10] According to WSJ on September 24, 2021, embattled Chinese conglomerate HNA Group said on Friday that its chairman Chen Feng and Chief Executive Adam Tan are suspected of committing crimes and have been detained.

[8] Liaoning Fangda Group Industrial Company Ltd, a conglomerate with business in the carbon, steel, and pharmaceuticals, will invest in the airline component.