[People News] Recently, Caixin, a media outlet with official CCP background, disclosed details of a mysterious and extravagant private banquet held in July 2022. On the surface, it appeared to be a gathering of business tycoons for a “shareholder dividend meeting.” In reality, it was the one-month celebration for the child born to Yu Haijun, chairman of luxury car dealer Baolide, and his “Little Fifth,” Jin Keyu.

What stunned observers even more was that not only did Yu Haijun’s legal wife attend to greet guests, but Jin Keyu’s parents were also present in formal attire. Jin’s father is no ordinary man—he is Jin Liqun, former Vice Minister of Finance of the CCP and former president of the Asian Infrastructure Investment Bank (AIIB). Even more jaw-dropping, besides having six children with his legal wife, Yu Haijun also had three children with three other women outside marriage. By conventional standards, this should have been a dramatic showdown between wife and mistress. How did it instead become a seemingly harmonious celebration? The story twists and turns.

The Extraordinary Jin Keyu

The lavish banquet was held at scenic Qiandao Lake in Zhejiang Province, complete with luxury cars, music, and glittering lights.

Jin Keyu is not only the daughter of a high-ranking official; her life has been extraordinary. She went to the United States at 14, graduated from an elite private high school in New York, earned a Ph.D. from Harvard at 26, and at 29 became the youngest tenured professor at the London School of Economics (LSE). From 2009 to 2016, she served as an assistant professor of economics at LSE. In 2014, she was named a World Economic Forum “Young Global Leader.” In 2017, she joined the board of Switzerland’s Richemont Group. In 2025, she became a professor of finance at the Hong Kong University of Science and Technology.

She has published in the American Economic Review, frequently appears at international forums, and has been portrayed by Western elites as a “decoder for understanding China,” while Chinese media praise her as a “bridge between East and West.”

Recently, newly disclosed U.S. congressional documents related to the late convicted sex offender Jeffrey Epstein revealed another bombshell: former U.S. Treasury Secretary and former Harvard president Lawrence Summers was reportedly infatuated with her.

Jin Keyu and the Affair with the Former U.S. Treasury Secretary

Last November, the U.S. Congress released additional Epstein files. Summers was revealed to have had close ties with Epstein. Most explosive was that the married Summers allegedly sent 12 emails to Epstein asking for advice on how to pursue Jin Keyu.

In Summers’ eyes, Jin Keyu seemed perfect—elegant, intellectually attractive, professionally accomplished in economics, fluent in four languages, skilled in piano and clarinet, spanning academia, finance, and media.

According to exposed emails, Summers reported to Epstein for two consecutive days about his interactions with Jin and even joked, “I’m finished.” Epstein reportedly advised him bluntly: “Don’t send jewelry—use academic resources: co-authored papers, conference invitations.”

Summers initially believed their relationship would remain academic, but later developments suggested otherwise. In emails cited by The Harvard Crimson, Epstein joked that the probability of Summers sleeping with “peril” again was “zero,” with “peril” understood to refer to Jin Keyu. The word “again” sparked widespread speculation online about a past intimate relationship.

Was Jin Keyu a CCP “Swallow”?

In one instance, Summers forwarded an email from Jin to Epstein. In it, she thanked Summers for his support of both her and her father. Summers explained he had recently flattered her father and mentioned that other CCP officials had done the same.

Some analysts speculate Jin may have acted as a CCP “swallow”—a term referring to female intelligence operatives who seduce targets to extract information or leverage compromising material. These claims remain speculation, with no concrete evidence. However, it is widely acknowledged internationally that the CCP operates extensive overseas intelligence networks.

Last September, the U.S. State Department dismissed a diplomat who admitted failing to disclose a romantic relationship with a Chinese national whose father was reportedly a CCP official. He himself suspected she might have been an intelligence operative. Such cases fuel suspicions about how many “swallows” and “crows” (male operatives) might be active internationally.

The Tycoon Yu Haijun

Jin ultimately left Summers and became involved with Yu Haijun, a Zhejiang businessman.

Yu, originally from a modest background, rose from textile factory worker to become one of East China’s largest luxury car dealers, operating Mercedes-Benz and BMW dealerships across Zhejiang and beyond. At its peak, Baolide reported annual revenue of 21.6 billion RMB.

In August 2025, Baolide filed for bankruptcy liquidation. With total assets of 3.02 billion RMB and liabilities of 5.978 billion RMB, it was severely insolvent. Prominent investors reportedly lost billions. Yu was restricted from high consumption and had multiple equity holdings frozen.

Why Would Jin Become “Little Fifth”?

Observers question why Jin, with her credentials, would willingly become Yu’s “fifth concubine” and bear his child. Some speculate it was mutual benefit: Yu gained prestige from her family background to reassure investors, while she may have benefited from resources and connections.

The Qiandao Lake banquet may have been staged to project legitimacy. Afterward, it was reported that Yu and his wife moved tens of billions of yuan out of a pre-IPO company, leaving investors with massive losses.

Bigger Aftershocks Ahead?

The Caixin report came at a sensitive time. On January 15, 2026, the AIIB publicly thanked Jin Liqun as he completed his ten-year term as president. A week later, Caixin’s report cast a shadow over his departure.

Some analysts predict further developments could follow. Meanwhile, Yu’s wife reportedly relocated to Canada with substantial funds before the collapse. Jin, for her part, appeared at a Goldman Sachs private wealth conference in Hong Kong on January 26, discussing China’s economy.

As for Yu Haijun, it is said his movements are now restricted.

(First published by People News) △