Chen Feng

Chen Feng (; born June 5, 1953) is a Chinese businessman and founder of business conglomerate HNA Group, now defunct, and Hainan Airlines.

He was on the Forbes China Rich List in 2017 with a net worth of $1.69 billion USD, but subsequently dropped off the list in 2018.

Early life and education Chen Feng was born on June 5, 1953 in Huozhou, Shanxi province Chen was able to raise 250 million yuan (US$31.25 million) in new capital, 75% from 24 institutional investors, 20% from existing corporate staff, and 5% from the Hainan government.

Hainan Airlines In 2000, the Chinese national government forced the creation of three major domestic aviation companies: Air China Ltd., China Eastern Airlines Corp, and China Southern Airlines, which accelerated Chen's plans for expansion.

At one time, the group had the largest stake in Deutsche Bank.

According to the HNA Group website, in 2015, the HNA Group included controlling stakes in 11 listed companies, revenues of RMB 190 billion ($25.6 billion USD), group assets of RMB 600 billion, and over 180,000 employees worldwide.

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.

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.

HNA said on its official social media account that the pair were "placed under compulsory measures," citing a notice from the Hainan police. It added that the company's operations remain orderly.

As of September 24, 2021, HNA Group was broken into 4 components due to a bankruptcy court order. and does not drink or smoke.