Xi Administration’s Anti-Corruption Campaign Targets Shanghai State-Owned Assets and Jiang Zemin’s Family – Latest Updates and Analysis

2023-09-19 04:16:33

[Voice of Hope September 18, 2023](Comprehensive report by our reporter Wen Hui) Recently, the outside world has focused on whether Li Shangfu, Zhang Youxia and others have been captured, as well as Xi’s continued purge of the military. The “anti-corruption” campaign launched by the Xi administration in Shanghai has once again touched upon the family interests of former CCP leader Jiang Zemin. Bai Tinghui, director of Shanghai’s State-owned Assets Supervision and Administration Commission, who had secret ties to the Jiang family, recently resigned and is said to have been escorted to Beijing.

The Discipline Inspection Department of the Communist Party of China recently announced that Bai Tinghui, Party Secretary and Director of the Shanghai State-owned Assets Supervision and Administration Commission, is under investigation. There is also news that Bai Tinghui was taken directly to Beijing by the Central Commission for Discipline Inspection on the day he was dismissed. According to outside analysis, if the news is true, it means that the case has bypassed the local supervisory agencies in Shanghai.

The Shanghai State-owned Assets Supervision and Administration Commission is an agency directly under the Shanghai Municipal Government of the Communist Party of China. It exercises investor rights over Shanghai’s state-owned enterprises on behalf of the municipal government and is responsible for supervising the assets, personnel and operations of its state-owned enterprises. As the top administrative official of the Shanghai State-owned Assets Supervision and Administration Commission, Bai Tinghui controls numerous state-owned enterprises in Shanghai. However, according to the analysis of China observers, Bai Tinghui is probably just an “agent”, and his intention is to investigate and deal with the Jiang family behind it.

Judging from Bai Tinghui’s resume, he is a local official in Shanghai. He has held important positions in Shanghai’s transportation system for a long time, from deputy chief engineer of Shanghai Metro Corporation to vice president of Shanghai Shentong Group Co., Ltd., until he served as the Party Committee of the Shanghai State-owned Assets Supervision and Administration Commission of the Communist Party of China. Secretary, director.

Li Yanming, a political commentator, told The Epoch Times that Bai Tinghui’s corruption case is intricately linked to Shanghai’s power network. “During Jiang Zemin’s more than 20 years in power, Jiang Zemin’s second son Jiang Miankang controlled Shanghai’s transportation and urban construction systems. Bai Tinghui’s dismissal involved corruption in Shanghai’s transportation and urban construction systems, and was inseparable from Jiang Miankang’s corruption.”

Since the beginning of this year, Shanghai’s state-owned assets system has become the target of the Xi administration’s “anti-corruption” campaign. At least seven senior officials, including Bai Tinghui, have been dismissed.

Li Yanming talked about: After Jiang Zemin was officially declared “dead”, the Shanghai officialdom, Jiang Zemin’s hometown, the Jiangsu officialdom, Jiang Zemin’s hometown, and the medical and bioengineering systems controlled by Jiang Mianheng were focused on cleaning up. “The dismissal of Bai Tinghui, director of the Shanghai State-owned Assets Supervision and Administration Commission, who was secretly linked to Jiang Miankang, once again reflects that Xi’s camp’s purge campaign is pushing into the heart of Jiang Zemin’s family’s major political and economic interests.”

Li Yanming said Jiang’s two sons, Jiang Mianheng and Jiang Miankang, and other family members have established a huge political and business network in Shanghai. The Jiang family is known as “China’s number one corrupt family.” For example, the China Merchants Bank put warrant case that occurred in 2007 was the largest case in the history of China’s securities market, causing more than 500,000 shareholders to lose their money, with direct losses of approximately US$3.1 billion and indirect losses of more than US$6.8 billion. However, brokerages received commissions of up to 1.4 billion US dollars, and those who participated in the bookmaking made even more astonishing profits. Overseas media revealed that the case directly involved Jiang Zemin’s son Jiang Mianheng and two other senior Jiang faction officials at the state level.

Wu Zuolai, a Chinese scholar who has settled in the United States, recently revealed in a post on Xi Jinping was very angry when he found out and ordered the Central Office to question Zeng Qinghong. In addition, Xi asked Zeng Qinghong to cooperate in tracing the accounts of Chinese nationals in a Hong Kong bank account, which contained hundreds of billions of dollars. Xi said, “This money must have been transferred from the mainland during the years when Jiang Zemin and Hu Jintao were in power. Zeng Qinghong should know the background, because Zeng Qinghong was in charge of Hong Kong at the time.”

Wu Zuolai also revealed that Zeng Qinghong could originally communicate directly with Xi through the red line phone, but after the 20th National Congress, he had to apply through the Central Office, explain the importance of the situation, and get approval from the director of the Central Office before he could get through the phone. Therefore, “old people” are basically unable to communicate directly with Xi.

Hong Kong industrialist Yuan Gongyi once revealed that Jiang Zemin’s family accounts for the largest share of approximately US$1 trillion in black gold hidden overseas by CCP dignitaries, with approximately US$1 trillion.

Yuan Gongyi said that Jiang Zemin controlled China for 20 to 30 years. At that time, the Jiang family’s influence spread throughout China, including the three most profitable telecommunications companies and banks in Shanghai. The Jiang Zemin family’s black hands were behind it. In addition, Jiang Zemin is the main culprit in the persecution of the Falun Gong religious group and has committed crimes against humanity, torture and genocide. Zhu Wanqi, spokesperson for the Falun Gong Human Rights Lawyers Group, once said, “Although Jiang Zemin is dead, his evil deeds will be recorded in Chinese history.”

Recently, overseas media and the Internet have reproduced “internal information” such as “CCP veterans criticize Xi Jinping” and “Xi Jinping will be ousted”.

Voice of America commented on this: It is not difficult to find that there is a consistent theme in relevant rumors, that is, there is always someone at the top of the CCP who is regarded as the hope to solve China’s political dilemma today. The actual political leanings of these characters are simply not considered. As a result, Li Keqiang, Song Ping, Zeng Qinghong, and even Bo Xilai and Liu Yazhou were all given the power to “save the country and save the party.” “To put it bluntly, in the past it was the ‘Gang of Four who did evil’, and now it is ‘Xi Jinping the bastard’, and the solution to the problem still depends on the CCP.”

The commentary said, “Now that people have hopes for certain people at the top, the pressure on those currently in power from the social level has been reduced accordingly: We don’t need to resist, Song Ping and Zeng Qinghong have already seen the problem and are working hard. Our party “You always correct your own mistakes.” When you know that the actual result is not that Li Keqiang replaced Xi Jinping, but that Xi Jinping kicked Li Keqiang away, the cucumber dish will be cold long ago!” “Well, a year later, the source Let me tell you: There is still Zeng Keqiang. This cycle and recovery are repeated in an attempt to preserve the CCP’s rule for thousands of years!”

Editor in charge: Zhang Lili

This article or program was edited and produced by Voice of Hope. When reprinting, please indicate Voice of Hope and include the original title and link.

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