CaiFa(财阀) is a word in Chinese too, which I think might be borrowed from Japanese. But for more local version of this word, I would prefer "红顶商人"(red hat busine

CaiFa(财阀) is a word in Chinese too, which I think might be borrowed from Japanese. But for more local version of this word, I would prefer "红顶商人"(red hat businessman), which is from Qing Dynasty, where statesman wears hat with red fur on top, implying the his relationship with government.