China’s top banking regulator and 2 officials investigated for corruption

Insights 01/26/22, 17:49

China's Central Commission for Discipline Inspection or CCDI announced on Jan. 24 the expulsion of three high-profile banking officials from the Communist Party.  They are Cai Esheng, former Party Vice Chairman of the China Banking Regulatory Commission; Meng Xiang, former Supreme Court official; and Xu Ming, former deputy director of the  ...

The US investigates suspected corrupt Chinese officials

China 12/17/21, 05:00

U.S Treasury Secretary Janet Yellen, on Dec. 10, announced that the United States would step up efforts to investigate dirty money hidden in the United States by corrupt foreign officials, according to NTDTV. The Treasury Department will set up an anti-corruption fund to reward those who provide any information. Yellen said ...

Former chairman of a large Chinese pharma firm in Shenzhen forfeits his home

China 12/16/21, 17:34

Ma Xingtian, the former chairman and general manager of Chinese company Kangmei Pharmaceutical, formerly known as "the richest man in Puning" has been detained, Aboluowang reported. Insiders learned from Alibaba's auction platform on Dec. 14 that two properties owned by Ma Xingtian in the Futian district of Shenzhen will soon be ...

Zeng Qinghong’s family is losing ground and facing a gloomy future?

China 10/25/21, 18:16

Real estate company Fantasia Holdings declared its inability to pay $205 million worth of dividends on Oct. 4, according to Vision Times. Fantasia Holdings belongs to the family of former Vice President of China Zeng Qinghong, a faction of Jiang Zemin. According to Bloomberg, the head of Fantasia Holdings is Zeng ...

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