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China’s Hurun Report apologizes to Lien Chan

China’s Hurun Report apologizes to Lien Chan

TAIPEI (Taiwan News) – China’s Hurun Report apologized to former Vice President Lien Chan for overestimating his fortune, Kuomintang legislator Alex Tsai said Tuesday.
The report is a monthly magazine based in Shanghai best known for its list of the wealthiest individuals in China. It was named after the founder, Rupert Hoogewerf, whose Chinese name is Hu Run.
In the China Rich List published last February, the magazine estimated Lien’s wealth at US$1 billion (NT$31.1 billion), listing him as the world’s 1,911th richest person and Taiwan’s 49th. On the list of Taiwan’s wealthiest individuals and families, Lien was the only not to have made his fortune as a business person, reports said.
The report also said the KMT honorary chairman was the first Taiwanese politician to have made the list, while his wealth originated from real estate and assets.
After the list was announced, Lien protested against its claims.
On Tuesday, Tsai posted a statement from the Hurun Report on his Facebook in which the magazine apologized and said it had overestimated Lien’s wealth. It said it had also removed the erroneous data.
Tsai said that Lien’s son, Sean Lien, whose Taipei City mayoral campaign he managed last year, had let it be known that “belated justice is no justice.” The younger Lien reportedly complained about the numerous unfounded accusations and rumors he had faced over the past year, including allegations of illegal financial donations, wiretaps and stock market speculation.
Sean Lien won the primaries for KMT candidate in Taipei City, but was depicted during the campaign as wealthy and out of touch with the common man. His main opponent, independent political novice Ko Wen-je, won the November election by a landslide.
Lien Chan served as vice president from 1996 to 2000 after a long career in government, including stints as transportation minister, foreign minister and premier. He ran for president in 2000 and 2004, but lost both times. He also chaired the KMT when it was in opposition.


Updated : 2021-09-29 09:07 GMT+08:00