Members of Wen family

Investor

Other individuals

Other business relationship

Companies

FATHER

Former prime minister of China

UNCLE

Wen Jiahong

Relationship to Wen Ruchun

AUNT

MOTHER

Feng Zhixi

Wen Jiabao

Zhang Beili

Zhao Yan, through her shell investing company, Hua Xi Xin Yu, invested in Sheng Churui, a diamond company headed by Wen Ruchun’s mother, as well as in several companies with which JPMorgan was connected.

WEN FAMILY

Legal representative

Related by marriage

INVESTOR

Zhao Yan

Sheng Churui

Related by blood

Diamond company

Wen Ruchun, a.k.a. Lily Chang

Controlled

COLLEAGUE

BROTHER

Hua Xi Xin Yu

Zhang Yuhong

Wen Yunsong

Shell company

Taihong

Wen Yunsong’s private equity firm, New Horizon Capital, was one of the largest stakeholders in BBMG, a development and building materials company whose I.P.O. JPMorgan helped underwrite.

Shell company

By investing through shell companies like Taihong and others, the Wen family and colleagues amassed large stakes in Ping An, in which JPMorgan also invested client money.

Co-founders

Partners

BROTHER’S COLLEAGUE

New Horizon Capital

Yu Jianming

Fullmark Consultants

JPMorgan paid Fullmark, Wen Ruchun’s Beijing-based consulting firm, $75,000 a month for two years, totaling $1.8 millon. Fullmark claimed to have helped JPMorgan secure the China Railway deal.

Secured JPMorgan work on this company’s I.P.O.

Ping An Group

First Capital Securities

BBMG

China Railway Group

JPMorgan

JPMorgan’s roles

PARTNER

UNDERWRITER

INVESTOR

EMPLOYER

UNDERWRITER

INVESTOR

Formed a joint venture with this securities firm in 2010.

One of the four lead underwriters for the initial public offering in 2009 of BBMG, a building materials company.

In 2007, JPMorgan invested in New Horizon Capital’s second fund.

Hired Fullmark Consulting, Wen Ruchun’s firm, as an adviser for two years beginning in mid-2006.

Was hired to take this state-owned railway company public in 2007