The dambusters

摘要

Since a police raid on her firm was broadcast on Chinese state television, To Ling has emerged as one of China's more intriguing financiers. The 43-year-old Hong Kong resident operated a black-market foreign-exchange business with an outlet in Hong Kong, four branches on the mainland, and a client list that included China National Petroleum and Sinopec, two state-run monoliths. Her firm handled transactions worth more than $1m a day. Now she has landed in jail.