The nation’s prudential regulator forced a banking start-up backed by the 25-year-old son of a Chinese billionaire, Felix Lee, to give up its licence after it pushed the bank to reduce the size of his shareholding.Lee’s investments are facing new scrutiny after the young businessman hosted Prime Minister Anthony Albanese for a fundraising dinner at his parent’s Point Piper residence last week. Guests included Commonwealth Bank boss Matt Comyn, the bank’s former boss David Murray and HSBC’s former Australian CEO, Antony Shaw.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles