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China’s fourth-ranking official in the Communist Party (2002-2012)

Jia Qinglin

Associates in the data: Jasmine Li

Related to  China
Data from: Panama Papers

Jasmine Li

Jasmine Li became famous in China after she was photographed attending a debutante ball in Paris in 2009 with other wealthy and politically connected young female friends. Li attended boarding school in the United States and completed a bachelor’s degree at Stanford University in California. After leaving the university, Li began working in the art world as an assistant for the New York-based Chinese artist Cai Guoqiang and later as an “gallery relations liason” for the online art retailer Artsy in New York and Hong Kong. Her grandfather, Jia Qinglin, was China's fourth-ranking official on the ruling Politburo Standing Committee until he stepped down in 2012.

In the data

When Jasmine Li was still a teenager and studying at Stanford University, she became the sole shareholder of Harvest Sun Trading Limited, a company that was incorporated in the British Virgin Islands in 2009. Harvest Sun was transferred for $1 to Jasmine Li by Zhang Yuping, the founder of China’s leading luxury watch distributor Hengdeli Holdings Limited, in December 2010. Jasmine Li was also the sole shareholder of another BVI company called Xin Sheng Investments. Harvest Sun and Xin Sheng are the parent companies of two Beijing-registered consulting companies. Because Jasmine Li owned the two Beijing companies through her BVI entities, her name does not appear on publicly available registration documents, allowing her ownership of those companies to remain secret.

Response

Li did not reply to requests for comments.
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