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Wang Xisha, daughter of Chinese vice premier Wang Yang; The couple’s extravagant lifestyle has frequently caught the attention of Hong Kong’s paparazzi and tabloids

Wang Xisha, daughter of Chinese vice premier Wang Yang

Staff Reporter

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2014-06-19

Wang Xisha and husband Nicholas Zhang photographed in Hong Kong in mid-2013. Wang is believed to have given birth to the couple’s first child around the end of last year. (Internet photo)

Wang Xisha is the only daughter of Wang Yang, one of China’s four vice premiers and the former Communist Party chief of Guangdong province.

Wang Xisha lives in Hong Kong with her investment banker husband Zhang Xinliang, also known as Nicholas Zhang. Zhang is the the grandson of People’s Liberation Army general Zhang Aiping, probably best known for signing a letter opposing the enforcement of martial law in Beijing during the 1989 Tiananmen student protests.

Wang Xisha is believed to be in her early 30s and is currently not working after giving birth to the couple’s first child around the end of last year. Unconfirmed reports claim that she previously worked as a senior executive at Deutsche Bank in Hong Kong.

Hong Kong media reports say Wang Xisha attended the Hefei No.1 High School in east China’s Anhui province in the 1990s and later studied commerce at the prestigious Peking University in the 2000s.

It is not clear when she met her husband, who studied international finance at Georgetown University and later worked for Swiss global financial services company UBS and American multinational investment banking firm Goldman Sachs.

After a stint at Soros Fund Management in Hong Kong, Nicholas Zhang started hedge fund company Magnolia Capital Management last year along with some of his former colleagues.

The couple’s extravagant lifestyle has frequently caught the attention of Hong Kong’s paparazzi and tabloids, who claim that they spent HK$15.6 million (US$2 million) on an 880-square-foot apartment at the Island Crest luxury complex in Sai Wan district. Last April, it was also reported that the couple spent another HK$40 million (US$5.2 million) on a standalone 3,500-square-foot mansion in Sheung Shui district in the New Territories.

 

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KB Kee is the Managing Editor of the Moat Report Asia (www.moatreport.com), a research service focused exclusively on highlighting undervalued wide-moat businesses in Asia; subscribers from North America, Europe, the Oceania and Asia include professional value investors with over $20 billion in asset under management in equities, some of the world’s biggest secretive global hedge fund giants, and savvy private individual investors who are lifelong learners in the art of value investing. KB has been rooted in the principles of value investing for over a decade as an analyst in Asian capital markets. He was head of research and fund manager at a Singapore-based value investment firm. As a member of the investment committee, he helped the firm’s Asia-focused equity funds significantly outperform the benchmark index. He was previously the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. KB has trained CEOs, entrepreneurs, CFOs, management executives in business strategy, value investing, macroeconomic and industry trends, and detecting accounting frauds in Singapore, HK and China. KB was a faculty (accounting) at SMU teaching accounting courses. KB is currently the Chief Investment Officer at an ASX-listed investment holdings company since September 2015, helping to manage the listed Asian equities investments in the Hidden Champions Fund. Disclaimer: This article is for discussion purposes only and does not constitute an offer, recommendation or solicitation to buy or sell any investments, securities, futures or options. All articles in the website reflect the personal opinions of the writer.

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