hóng​dǐng​shāng​rén

businessman with official ties

红顶商人 紅頂商人 hóng​dǐng​shāng​rén
businessman with official ties
A person who is both a government official and a businessman; also refers to an influential business person with high-level political connections. The term literally refers to the red coral beads worn on the official hats of high-ranking bureaucrats during the Qing dynasty.