The chief financial officer (CFO) of a Hong Kong-listed Chinese company, Babytree, has allegedly exposed his company’s fraudulent IPO (initial public offering), and his alleged co-conspirator is an NYSE-listed Hong Kong financial institution. The firm has helped list dozens of Chinese companies in Hong Kong and U.S. stock exchanges. On April 11, Babytree Group’s CFO…
Claims Surface That Chinese Conglomerate Fosun’s Executives Potentially Committed IPO Fraud
China Purges Top Executives in Finance, Nuclear, Petrochemicals, Real Estate, and Infrastructure
March 21, 2023
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anti-corruptionanti-graftCCP corruptionChinaChinese Communist Party Chairman Xi JinpingChinese RegimeState-owned enterprise
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With China’s Communist Party Secretary Xi Jinping now in his third term, his anti-graft probes are continuing—with millions of cases investigated since he took power in 2012. Recently, Beijing’s anti-corruption organs announced the investigation of multiple top officials from state-owned enterprises in finance as well as industries such as nuclear, petrochemicals, shipbuilding, and property development. Between March…
Chinese Property Tycoon Accused of Bribing US Officials to Get Construction Permits
A Chinese real estate billionaire is facing extradition to the United States from London for allegedly paying bribes to obtain permits for a construction project in San Francisco. Zhang Li, 69, a former official of the Guangzhou Municipal Government, is a co-founder and CEO of Guangzhou R&F Properties, which once ranked as one of the…
China’s Trillion-Dollar Research Funds Mostly Spent on Travel and Leisure: Chinese State Media
August 18, 2022
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Asia & PacificCCP corruptionChinaChina Business & EconomyChina's semiconductor industryChinese RegimeSocial IssuesWorld
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Chinese authorities had high hopes for China’s chip industry, expecting to see a “semiconductor miracle,” which would then affirm the “advantage of China’s whole nation system,” as well as overcome technology sanctions imposed by the United States. However, eight years into establishment of China Integrated Circuit Industry Investment Fund, also known as the “Big Fund,”…
Wealth Flaunting Incident Reveals Family Nature of CCP State Enterprises
August 5, 2022
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CCP corruptionChinaChina Business & EconomyChinese RegimeFinance & Business TiesSpecial TopicsState-owned enterprise
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A recent wealth flaunting incident by a state-owned enterprise (SOE) employee, which has been a hot topic on the Chinese internet, has unexpectedly brought to light the underlying institutional corruption in the CCP. The young man in the spotlight was Zhou Jie. On July 25, someone broke the story that Zhou had posted messages on…
The CCP Is Still Fooling Around With Its Economic Lies
Commentary The Chinese Communist Party (CCP) has relied on a series of economic lies to sway many people’s perceptions of the current situation. In this article, we look at some of the biggest lies and present the true picture behind those lies. The First Economic Lie: Development Is the Absolute Principle In the past decades,…
New Book Showcases How ‘Wilful Blindness’ to CCP-Connected Crime Operations Harms Western Democracies
Investigative journalist Sam Cooper’s new book “Wilful Blindness: How a Network of Narcos, Tycoons and CCP Agents Infiltrated the West” offers an in-depth look on how massive international crime networks are targeting democracies worldwide and how authorities in some cases have been looking away. The book follows Cooper’s investigation of suspicious money-laundering activities in Vancouver’s…
What Provoked the Downfall of Yet Another Corrupt CCP Senior Official?
Commentary On April 12, Shi Wenqing, former vice chairman of the Standing Committee of Jiangxi Provincial People’s Congress (SCJPPC), was arrested on suspicion of accepting bribes, according to the Chinese Communist Party (CCP) media. What actually provoked Shi’s downfall? Shi served in the National People’s Congress, the Inner Mongolia region, and the provinces of Jilin…
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