How did the Communist Party’s top corrupter, Lai Xiaomin, make his fortune?

Lai Xiaomin has “3 more than 100”: more than 100 suites, more than 100 lovers, more than 100 relations.

On August 11, 2020, the Tianjin Second Intermediate Court heard the case of Lai Xiaomin, former chairman of China Huarong Asset Management Co. During the ten years from 2008 to 2018, Lai Xiaomin received a total of more than 1.788 billion yuan of money and goods involved in the case, including, in addition to cash, a large amount of real estate, equity, valuable paintings and calligraphy, high-end cars, gold products, watches and jewelry.

He also created a mind-boggling “3 more than 100”: more than 100 suites, more than 100 lovers, more than 100 relations. Money has, power has, women naturally can not be less.

Close to Lai Xiaomin case investigation of the person said, and Lai Xiaomin “power and sex trade” of women, including both ordinary women who want to seek employment in the Huarong company, but also “big-name actresses”, “there are female job seekers, will be their own large The company’s main business is to provide a wide range of products and services to the public.

The Hong Kong woman who gave birth to his twins was designated as female positive number one, and the rest, according to the degree of intimacy, were divided into positive n, auxiliary n number …… In order to accommodate former wives, current wives and a large number of mistresses, Lai Xiaomin deliberately developed a real estate project in Zhuhai, Guangdong Province, which will be more than 100 women of different identities and status concentrated in The 100 or so women who have been involved with Lai Xiaomin have been able to get along harmoniously without any disputes, which is really unimaginable. Compared to business tycoons who are often exposed to cheating and those corrupt officials who are reported by their mistresses, Lai Xiaomin did not end up falling for any emotional problems, which may be a “myth” belonging to Lai Xiaomin alone.

On April 17, 2018, Lai Xiaomin was going to go swimming to exercise, but when he was about to go out, he ran into five cold-faced men walking into his office, and he knew that his life as a “civil emperor” was over, without resistance, Lai Xiaomin calmly followed them into the black SUV, and his thoughts drifted back to the past ……

In the 1970s, Lai Xiaomin was once the most famous smart kid in the village. The village’s head of Uncle Liu is his classmate, Uncle Liu recalled the village’s elementary school, full of memories of Lai Xiaomin’s ability to read.

“He was really good, first in our grade on all the door exams! A lot ahead of the second place.” , Uncle Liu has never left that village, it is known from the old folks working outside, Lai Xiaomin developed all the way. From the last time Lai Xiaomin returned to the village are six years ago. “He brought back those two female secretaries really watery”, said this sentence, is cooking Aunt Liu white glance at him, interjected: “Who knew that the first and second place gap is so big ah”, Uncle Liu hehe smiled, grade sixty or so children, Uncle Liu often test The second place.

Lai Xiaomin was 17 years old when he enrolled in the Jiangxi University of Finance and Economics, majoring in national economic planning, and was the first university student in the village.

In 1979, he became the county’s top liberal arts student, but also the county’s five liberal arts students, the only one to the provincial capital. In the following four years, Lai Xiaomin finished college on state scholarship.

When he was young, he engaged in a lot of physical labor, so Lai Xiaomin’s body is quite strong, and his voice is bright. This is also reflected in his work. Unlike some other asset managers who prefer to keep a low profile, Lai is often active in industry forums.

When he appears in the public eye, Lai speaks in a loud voice that can be clearly heard even when he sits in the last row of the room. He usually speaks off the cuff, blurting out all kinds of data, strategies and policies, often for 30 to 40 minutes, and his speeches are completed in one go, with few pauses.

In 1983, Lai Xiaomin graduated from Jiangxi University of Finance and Economics, majoring in national economic planning, and then joined the China xxxx plan xxxxxx to work in the funding department.

At that time, Jiangxi University of Finance and Economics was a direct institution of xx Bank, xx Bank selected two graduates from the class to directly enter the head office, Lai Xiaomin was one of them. This made Lai Xiaomin and his family excited.

Lai Xiaomin in the xx bank system is quite recognized, check the information can be seen, he was 24 years old as xxxx Division Deputy Director, 34 years old promoted to xxxxxx Deputy Director, and served as xxxxxx Second Division Deputy Director.

A life two fortune three feng shui, four accumulation of yinde five reading, six names seven phases eight respect for God, nine friends with noble people ten health. The old saying, when you think about it, does have a very deep truth. Lai Xiaomin is also very energetic when the wind and water are good, and the industry people who have contact with Lai Xiaomin generally think that he is full of passion, self-confidence, and loves to work, and he can do a good job in every position.

He summed up his strengths when he said, “I am the ability to understand and grasp policy helps the most, enabling him to accurately control the big picture and use macroscopic ideas to guide microscopic behavior.” Another point he did not say, he was generous, good at making friends and daring to commit. He took special care of his Jiangxi hometown, and if he met his Jiangxi descendants in an interview, he must have exhorted them.

He once wrote an article published in his hometown newspaper, the title is “doing my best for the development of Jiangxi”.

He loves to read ancient books, especially understand the story of a thousand gold to buy horse bones. He was never stingy in building his own kingdom of influence, and he often poured wine for young people he thought had potential at the dinner table, and created good opportunities for them, because he knew the truth that a lone tree cannot make a forest.

Knowing how to be grateful, he was also seen by other old Jiangxi cousins, which is why he has a rocket gun general rate of rise. 1983 after graduating from Jiangxi University of Finance and Economics, at the age of 21, Lai Xiaomin entered the xx Bank xx began his 26-year career in the supervision of financial institutions. 24 years old as xx director, 34 years old as xx director, 39 years old as x director. In his early forties he was responsible for the supervision of 3,369 institutions and 2.91 trillion xxx assets in the jurisdiction.

Lai Xiaomin first went to Hong Kong when he was still on official business, in front of the Victoria Harbour, looking at the tall buildings lined up and the beautiful people on the street, he took a deep breath and then said to his assistant: “We need to get bigger, and we want to be just as cool in the future.” As private sector bosses know, Lai Xiaomin is known as the “God of Wealth” in Hong Kong.

Most of the private business owners who hang out in Hong Kong’s Central District are coming to Hong Kong to “find money”. For them, caught in the problem of their own collateral, and not easy to get financing from the compliance is very strict foreign banks, Lai Xiaomin where the xx head of financial institutions, whether from the audit, or lending advancement, are relatively lenient. In the early years, Lai Xiaomin frequent Hong Kong, and some mainland private enterprise bosses in Hong Kong are very close relations. For the sake of personal friendship, Lai once provided a large loan for a property owner without authorization, although the collateral provided by the owner did not meet the requirements of Huarong International.

A person familiar with Lai Xiaomin’s financial circle in Hong Kong said, according to his understanding, Lai Xiaomin topped the “Hong Kong God of Wealth” aura in Central, in fact, his behavior has increased a lot of potential non-performing assets hole for Huarong.

However, Lai Xiaomin is not well received in the circle of Chinese institutions in Hong Kong, and many Chinese institutional leaders have the impression that this person is too pompous, after all, not everyone is a Jiangxi cousin.

For Lai Xiaomin, losing himself and over-inflating is also an important reason why he is facing today’s difficulties. A story about Lai Xiaomin: At an internal sharing meeting attended by senior officials and bigwigs from xx financial institutions in Hong Kong, Lai Xiaomin was only given 10 minutes to speak according to the agenda, but he ended up speaking for nearly 40 minutes, with no “dry goods” in fact. The scene of other xx institutions executives as well as officials in the audience, we all look unhappy, he was later reversed also laid the groundwork.

The company’s first overseas subsidiary, Huarong Financial Holdings, the largest Chinese capital management company Huarong, borrowed the shell of the brokerage firm Tianxing International, which has been losing money for years and has a share price of about HKD 1, in March 2015, making people wonder.

Before Huarong, the major shareholders of Tianxing International changed one after another, and the equity was below HK$1 for a long time, up to HK$40, and the share price was manipulated by capital at will. After Huarong entered, the share price soared to HK$9 within six months.

In addition to Hong Kong friends, there are also mainland friends. There is a famous neighborhood called Zhonghong Pixel District in Beijing’s Changying District, with a dense grid full of northern drifters, a business that made developer Wang Yonghong more than $5 billion. Wang Yonghong’s “golden father” is also Lai Xiaomin. The above-mentioned are all well-known figures who were picked up after the exposure of Lai Xiaomin’s case, and Lai’s interests are quite a lot, close personal friends, called close friends. As we all know, close friends are often informed and take on the role of building bridges and building roads.

In the elite circles, similar stories are not uncommon. Many people are not willing to be lonely, and fancy flowers, which evolved into one storm at a time. However, this is the part they desperately want to cover up. They are known for showing their love on a regular basis and showing generosity and generosity to their former girlfriends or current wives, allowing them to stay in their own businesses and become the backbone, with no shortage of good man personas.

From 1979, Lai Xiaomin came out of his small mountain village to his downfall in 2018, it has also been 40 years since the turn of an eye. His experience will be recorded in the history books and reflects the various light and strange around him in these 40 years. Up to now, nearly 1.7 billion yuan of property involved in the Lai Xiaomin case has been recovered in place, and the remaining amount is being recovered because it involves other ongoing cases.