"I wanted to possess great power, and at the same time, to be rich. I made a huge mistake," said Fan Yifei, the former highest-ranking official at the People's Bank of China.
The company, one of China’s largest distressed debt managers, will acquire a 5.01 per cent stake at HK$9.35 per share from Citic Polaris, a wholly owned subsidiary of Citic Group, and change its name to China Citic Financial Asset Management.
As long as the delusion that politics is a service prevails in society, politicians will remain irreparably irresponsible and capricious. The country relentlessly heads on the path of decline. Therefore, an atmosphere and psychology should be created that politics should be internalized as a challenging responsibility rather than a service.