Wu Xiaohui was born in 1966 in Pingyang County, Wenzhou, Zhejiang province.
[4] He is known for negotiating large transactions without the support of investment bankers,[5] and according to the Financial Times "makes all the key decisions" for Anbang.
[6] On 8 June 2017, Wu Xiaohui was taken away from Anbang's offices by police, stood down as chairman and was detained by the authorities.
[9] On 28 March 2018 Wu pled guilty to charges brought against him that he had raised money in excess of what is allowed by regulations, as well as other crimes.
[12] He was married to Zhuo Ran, the granddaughter of Deng Xiaoping, the former Chinese paramount leader, until their separation in 2015.