Party Legend's Son Denies He Is De Facto Head of Insurance Firm

(Beijing) – The son of a legendary figure in Communist Party history has denied a report that he is the de fact head of an insurance company in Shenzhen that is in the spotlight for several large purchases at home and abroad.

Southern Weekend reported on January 29 that Chen Xiaolu owned more than 51 percent of Anbang Insurance Group Co. Ltd. through three private companies he had shares in.