江志成 Alvin JIANG, a grandson of Zemin

choi

英国报摘：太子党成为投资者眼中的明星. BBC Chinese, Apr 10, 2014.
www.bbc.co.uk/zhongwen/simp/pres ... _press_review.shtml
("在这个世界最大的新型私募基金市场 [China] 中 * * * 江志成是总部在香港的博裕投资 [顾问有限公司] 的创始合伙人之一")

, which is a summary, in Chinese, of

Stephen Aldred and Irene Jay Liu, Special Report: The Princeling of Private Equity. Reuters, Apr 10, 2014.
uk.reuters.com/article/2014/04/10/china-privateequity-special-report-pix-g-idUKL3N0N217B20140410

Quote:

"Founded in 2010, Boyu Capital is poised to earn big paydays from two of the most notable initial public offerings to emerge from China in the last 18 months - e-commerce giant Alibaba Group Holding Ltd, and state-backed debt trader China Cinda Asset Management Co 中国信达资产管理股份有限公司.

"His [Alvin's] father, Jiang Mianheng, is also a princeling. He is the CEO of one of Shanghai's largest state-owned enterprises

"Within China's private equity realm, 15 firms identified by Reuters were either founded by a princeling, or have employed princelings in senior roles. Between them, these funds have raised at least $17.5 billion for investment since 1999.

"In mid-2011, Boyu agreed to pay around $80 million for a 40 percent stake in Sunrise Duty Free 日上免税行(上海)有限公司, according to three sources with direct knowledge of the deal, valuing Sunrise at $200 million. The ownership of the remaining 60 per cent of Sunrise has not been made public. Boyu, however, has told investors it has a controlling stake, sources with knowledge of the matter said. * * * By early 2013, Boyu had marked the Sunrise business on its books at a value of around $800 million, two of the sources with direct knowledge of the valuation said. Bankers, however, value Sunrise at twice that amount - at around $1.6 billion - based on 2012 sales figures the company filed with Chinese authorities, which Reuters reviewed. The man who founded, built and then sold Sunrise to Boyu is Fred KIANG 江 世乾, a Chinese-American businessman with close ties to the Jiang family, according to Alvin Jiang's friends and business associates. Kiang founded Sunrise in 1999. That was the year the central government under Jiang Zemin opened up the operation of duty free shops to international bidders at the new Pudong International Airport in Shanghai - Jiang's political power base.

"In 2010, Alvin Jiang, newly graduated from Harvard with a bachelor's degree, was just another newbie banker in Hong Kong, working as an analyst at Goldman Sachs private equity unit. Nine months later, he left to launch Boyu. On September 21, 2010, he filed incorporation documents in Hong Kong, listing himself as the company's sole director. [As Boyu expands, more co-founders were added: Mary Ma;] Louis CHEUNG 张 子欣, former executive director of Ping An Insurance Group of China, credited with its turnaround from 2000; and Sean TONG 童 小幪, a veteran of U.S. private equity firms Providence Equity Partners and General Atlantic, where he was Alvin Jiang's boss during a summer internship in 2008.

Note:
(a) Reuters is not the first to report on Mr Alvin Jiang.

江志成紅色權貴 橫行中環 江澤民孫超級基金曝光. 壹周刊, Aug 22, 2013 (封面故事)
tvb4life.pixnet.net/blog/post/155941013-%E6%B1%9F%E5%BF%97%E6%88%90-%E7%B4%85%E8%89%B2%E6%AC%8A%E8%B2%B4%E3%80%80%E6%A9%AB%E8%A1%8C%E4%B8%AD%E7%92%B0%E3%80%80%E6%B1%9F%E6%BE%A4%E6%B0%91-%E5%AD%AB%E8%B6%85%E7%B4%9A
(b) Alvin (given name)
en.wikipedia.org/wiki/Alvin_(given_name)
(section 1 Etymology)
(c) Mary MA   马 雪征