Chen Zemin

Chen Zemin was born in China. His family members include his wife and three children: Chen Jianfei, Edison Chen, and Olivia. Details such as their specific birth dates and educational backgrounds are not publicly disclosed. Chen Zemin's father is Chen Bangping, who previously worked as an officer in the Hong Kong Education Department. There is limited publicly available information about Chen Zemin’s personal education and early career.

As a member of the Canadian Bankers Association, Chen Zemin established a financial company in Hong Kong in 1993 and served as chairman of the publicly listed company Junlei International. His family once owned luxury residences and multiple high-end cars in Hong Kong, including three Rolls-Royces, a BMW Z3 convertible, among others, with a total value of about 7 million RMB. They also owned nine purebred horses. In his early years, his family rented a luxury home on Robson Road for over 70,000 RMB and later moved to an independent house in Kadoorie Hill.

Chen Zemin has been active in the business world for many years but has been involved in several lawsuits and financial issues. In 1996, at the peak of the real estate market, he purchased four units in Ko Chun Court both personally and through his companies. These were later sold in phases, resulting in fluctuating profits and losses, with total losses reaching approximately 28 million RMB. In 2002, the stock price of Junlei International fell from a rising stock to a "penny stock," causing the family's assets to significantly decrease, with personal wealth evaporating over 100 million RMB. Subsequently, Chen Zemin faced various debt collection actions, including lawsuits by securities firms for unpaid margin and claims from his companies for unpaid rent and funds, and he was even involved in bankruptcy proceedings.

In 2003, Shanghai Securities Company and related enterprises persistently took legal action against his financial status. In 2004, a subsidiary of his was sued over rental issues. In 2008, Bank of China pursued approximately 19 million RMB in debts owed by his companies. In recent years, due to the impact of the financial crisis, Chen Zemin’s financial chain tightened. In 2011, he publicly admitted he was nearing bankruptcy, stating that if banks continued to tighten credit, he would consider filing for bankruptcy. His son, Edison Chen, entered the entertainment industry in 1999 and has starred in several films and released multiple albums. He garnered widespread attention due to the 2008 "photos scandal." Edison later attempted to develop his career in Hollywood and held a press conference in Beijing in 2011 to launch his new album "Confusion." Edison Chen was active in Hong Kong's entertainment scene, and the family’s financial fluctuations also impacted him.