In recent months, the purge of Alibaba founder Jack Ma has become deeper and deeper, and Xi Jinping‘s sworn enemy Jiang Zemin’s group has surfaced. According to outside analysis, as the 20th Communist Party Congress approaches, the brief peace between Xi and Jiang has ended, and the Time has come for a showdown between the two sides.
The Wall Street Journal cited more than a dozen Chinese officials and government advisers as saying that the Communist Party’s top brass had begun investigating Ant’s shareholding structure long before Jack Ma publicly criticized Communist regulators last October.
That investigation found that Ant’s prospectus obscured the complexity of its shareholding structure. Behind the layers of opaque investment vehicles that underlie Ant’s shareholding is a coterie of widely connected Chinese powerbrokers, some of whom are implicated in political families that pose a potential threat to Xi Jinping.
The investigation revealed that Jiang Zhicheng, the son of Jiang Zemin’s eldest son Jiang Mianheng, and Li Botan, the son-in-law of Jia Qinglin, a former member of the Communist Party’s Politburo Standing Committee, are among the “second generation of Reds” who are secret investors in Ant.
Among them, Jiang Zhicheng founded Boyu Capital, which has received the most attention. In 2012, Boyu Capital, together with CITIC Group and other consortiums, bought about 5% of Alibaba’s shares, and Ali went public in the United States, making the consortium a huge profit.
After that, Boyu Capital took a roundabout way to become one of the top 10 shareholders of Ant Financial Services by holding nearly 1% of the company’s shares through a private equity fund called Beijing Capital Management. The prospectus of Ant, however, does not mention Boyu’s cooperation with Beijing Capital Management.
Beijing Zhaodu Investment Group, which is controlled by Li Botan, the son-in-law of Jia Qinglin, a former member of the Communist Party’s Politburo Standing Committee, also invested in Ant through a roundabout way. Jia Qinglin, a close associate of Jiang Zemin, has been involved in a power struggle with Xi Jinping.
Many of Ma’s friends have hidden their identities to invest in Ant, including Guo Guangchang, chairman of Fosun Group, Lu Zhiqiang, chairman and president of China Pan Ocean Holdings Group, and Shi Yuzhu, chairman of Giant Network.
Shanghai lawyer Zheng Enchong has disclosed that Guo Guangchang has inextricable ties with Jiang Zemin’s son Jiang Miankang.
The danger of infighting among the various factions of the Chinese Communist Party
U.S.-based current affairs commentator Lan Shu said: Beijing’s crackdown on the IPO of Ma’s Ant Group has a background of power struggle between various factions of the Communist Party. So far, the factional power struggle in the CCP is still dangerous.
The Epoch Times [Business World] host Wei Ran said the China Daily report did not clearly point out that Xi Jinping is more afraid of these people trading power and money, colluding with each other and forming a solid alliance of interests, which is a huge threat to Xi.
The report’s citation of a dozen CCP officials and government advisers is also seen as an intentional release, with the clear intention of hammering Jiang Zemin, Jia Qinglin and other Jiang faction forces.
Weiran said that the 20th CPC National Congress will be held soon, and the Year of the Ox in 2021 will be a decisive point for Xi Jinping, and it is difficult to avoid swords and internal fighting.
According to an article published by “The Truth About Finance”, the newspaper “China Daily” revealed that the reason for the suspension of Ant Financial’s IPO was due to the involvement of party factions at the top of the Chinese Communist Party, rather than financial systemic risks.
The article said that since all the controlling parties of Ant Financial are basically members of Jiang Zemin’s Jiang faction, they could launch a financial war against Xi Jinping and force him to step down at any time after the listing is successful.
“The truth is that Jiang Zemin is 95 years old, and with his death approaching, the crisis in the Jiang Family is getting bigger and bigger; before Xi came to power, there was already a struggle within the CCP in 2012, and the 20th Congress in 2022 will be a validation period for Xi to amend the constitution, which means the most dangerous moment for Xi is coming.
Recently, a number of commentators also told the Epoch Times that the 20th Communist Party Congress is not only about whether Xi Jinping can achieve a third term in office, or even a lifetime in power, but also about his personal safety.
Xi’s purge of Ma’s duel with Jiang’s forces?
In fact, as early as 2014, several overseas media revealed that Ma was behind a large group of “second generation Reds”. This included Jiang Zhicheng, Liu Lefei, the son of former CPC Politburo Standing Committee member Liu Yunshan, and others who were allied with Ma in the mall.
The following year (2015), China’s stock market crash is believed to be behind the malicious shorting of several large families, including Jiang Zemin, Zeng Qinghong and Liu Yunshan. It was also a financial coup initiated by Jiang and the Xi Jinping administration. They are trying to use the financial crisis to trigger a political crisis and “force the hand” on Xi Jinping.
After the stock market crash, Xi Jinping formally began to tighten financial regulation across the board and purged the financial sector in a big way. But Ma has been left untouched.
The Epoch Times cited an analysis by a Taiwanese expert who said that the financial services introduced by Ant Group in recent years are more convenient and better than China’s financial system and have been used by 700 million Chinese.
After Jack Ma publicly criticized Chinese regulators in a speech at the Bund Financial Summit in Shanghai on October 24, 2020, Ant Group’s IPO was abruptly halted before its official listing in early November. Ant Group and Alibaba have since been subjected to a series of purges by authorities.
Hong Kong current affairs commentator Cheng Xiang believes that by purging Ma, Xi Jinping is purging the Jiang family forces behind him to remove all possible obstacles to a smooth re-election at the 20th Communist Party Congress next year. The Jiang faction has always been a major problem for Xi, after all, Jiang Zemin has held the highest power for so many years.
Xi Jinping has recently repeatedly referred to the “intertwining of political and economic problems” that threaten regime security. Xi is worried about “black swans” and “gray rhinoceroses”, and he wants to supervise “a handful of people”, and frequently mentions “the unprecedented changes of the century”. The “big change”.
The Epoch Times has learned that “old leaders” of the United Front Work Department of the Communist Party of China have revealed that there is a dark tide in the system of the Communist Party of China, and grievances around the world have been like a prairie fire, especially in the three northeastern provinces of Xi Jinping’s discontent is very serious. This makes the outside world suspect that there will be a bigger storm coming in the Chinese political and business world.
According to commentator Zhong Yuan’s analysis, the CCP’s internal strife is intensifying and accelerating internal depletion, and whether it can survive until the 20th National Congress looks unknown. Just as the CCP virus came out of nowhere, the collapse of the CCP regime should come with a bang.
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