Caixin OnlineBusiness & IndustryTop Stories Industry Successful Shanxi Rail Magnate Under Scrutiny
01.28.2011 15:12

Successful Shanxi Rail Magnate Under Scrutiny

But will high-level connections, philanthropy and fame help protect businesswoman Ding Shumiao?
By staff reporters Yu Ning and Zhang Boling
 

Ding Shumiao is a successful businesswoman, celebrated philanthropist and so well-connected that more than 400 central government and Communist Party leaders attended a huge Spring Festival celebration in early 2010 sponsored by her coal-railway-advertising conglomerate.

(Ding Shuamiao)

So when news recently emerged that government investigators were looking into Ding's finances and railway investments, a shiver went through the highest ranks of the nation's railway and coal industries.

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