SOHO China

Pan Shiyi married his third wife, Zhang Xin, in 1994, and the couple co-founded SOHO China in 1995 in Beijing, building it from scratch into a major office-property developer during China's real estate boom.

Pan and Zhang converted to the Bahá'í Faith in 2005 and established the Soho China Foundation the same year to support underprivileged families through education initiatives.

Since 2020, Pan and Zhang had attempted to sell their controlling SOHO China stake to the Blackstone Group; Blackstone walked away from the deal (which had valued SOHO China at HK$5 per share, or US$3.3 billion) in September 2021, and the aborted transaction triggered a probe involving SOHO China's chief financial officer over possible insider trading.

Effective September 7, 2022, Pan resigned as chairman of SOHO China 'to focus on supporting the arts and philanthropic pursuits,' per the company's stock exchange filing, while remaining an executive director; SOHO China named Huang Jingsheng as non-executive chairman and promoted company veterans Xu Jin and Qian Ting as co-chief executive officers.

Co-founded SOHO China with Zhang Xin in 1995, building it into a major Beijing-focused office developer.

Pursued a sale of the couple's controlling SOHO China stake to Blackstone Group starting in 2020, and after that deal fell through, resigned as chairman effective September 7, 2022.

The Blackstone sale collapsed in September 2021 amid an insider-trading probe involving SOHO China's CFO; Pan formally resigned as chairman a year later (September 2022), remaining an executive director while relocating primarily to the United States.

Zhang's Burmese-Chinese parents immigrated to China and worked as translators at the Foreign Languages Press before separating during the Cultural Revolution; Zhang moved with her mother to Hong Kong at age 15, living in a room with only two bunk beds, and worked five years in small garment and electronics factories to save enough for airfare and self-support to study in London.

At 19, Zhang saved enough to travel to the UK, worked in a fish-and-chip shop run by a Chinese couple to support herself, studied English at a secretarial school in Oxford, and took Margaret Thatcher as a personal role model before starting a career in finance in Hong Kong and New York.

From 1995 to 2022, Zhang and her husband Pan Shiyi built SOHO China into a major office developer during China's property boom, before stepping down from the company ahead of the sector's subsequent downturn.

Since the 2010s, Zhang and Pan have shifted their assets and business activities toward the United States; per Wikipedia's current infobox, Zhang now also holds roles as founder of Closer Media and CEO of Closer Properties, and a January 2026 Bloomberg video interview describes her discussing US investment as a way to diversify from China.