
星球日报|May 13, 2026 04:34
[Hong Kong High Court Freezes HK$8.938 Billion in Assets of Prince Group's Chen Zhi and Others]
Odaily Planet Daily News – In May, the Hong Kong High Court approved an application by the Department of Justice to issue a restraining order against Chen Zhi, the founder of Prince Group, and 42 other individuals and companies suspected of operating scam parks in Cambodia. The order freezes a total of HK$8.938 billion in assets. The frozen assets include bank and securities account deposits, stocks, and properties. Among them, Chen Zhi personally holds over HK$6.36 billion in assets in Hong Kong. Zhou Yun, who assists in managing the assets, has total assets exceeding HK$2 billion, including personal accounts holding the equivalent of HK$15.92 million in Hong Kong dollars, euros, and Bitcoin. Additionally, related personnel from Prince Group, Hu Xiaowei and Li Tian, have approximately HK$400 million and HK$172 million in assets frozen, respectively. The court will reconvene on August 3 to decide whether to extend the restraining order.