Hu Haifeng

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This is a Chinese name; the family name is Hu.
Hu Haifeng
Born 1972 (age 41–42)
Alma mater Northern Jiaotong University
Tsinghua University
Occupation businessman
Spouse(s) Wang Jun
Parents Hu Jintao
Liu Yongqing
Relatives Hu Haiqing (sister)
Mao Daolin (brother in law)

Hu Haifeng (Chinese: 胡海峰) is a Chinese businessman and the son of the former President of China, Hu Jintao.

Life and career[edit]

Hu graduated with a degree in Computer Science from Beijing Jiaotong University and Executive MBA from the School of Economics and Management at Tsinghua University.[1] Hu married fellow Tsinghua grad Wang Jun, who is now assistant at School of Economics and Management at Tsinghua.[2]

Hu Haifeng was the president of Nuctech, a Tsinghua University-owned company created in the late 1990s to make large scanners for shipping, trucking containers and railway cars, as well as luggage scanners and metal detectors for airports.

After Hu became president of the company, it was granted a near-monopoly by the central authorities on the lucrative market for selling security equipment to airports in the PRC. It now accounts for roughly 90% of the domestic market. Chinese investment in airport security has risen sharply after the September 11 attacks.

In 2008, Hu Haifeng was promoted to Communist Party secretary of Tsinghua Holdings, which controls Nuctech and more than 20 other companies.[3]

In July 2009, the Namibian government charged Nuctech with corruption. The company has been the focus for repeated allegations of unfair competition in the European Union, and also for corruption and abuse of office in the Philippines. In South Africa, investigations of corruption are underway regarding a contract obtained by the company for the sale of scanners amounting to 380 million Rand (54 million USD).[4]

Sources[edit]

  • Wall Street Journal Asia ("Firm of Hu's son gets scanner pact at China airports" December 13)

References[edit]

  1. ^ http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20120322000076&cid=1601
  2. ^ http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20120322000076&cid=1601
  3. ^ Taipeitimes.com. "Taipeitimes.com." China Internet blackout linked to leader’s son. Retrieved on July 27, 2009.
  4. ^ AsiaNews.it: Investigation into NucTech corruption expands, the company formerly headed by Hu Haifeng [1]