Xiang Xin (seated right) and Gong Qing (third from right, back row) sign a cooperation framework with the Jiangsu community in Hong Kong in March 2018.
A mainland Chinese man, “Wang Liqiang,” claimed to be a spy to influence Taiwan’s elections in 2019, naming Xiang Xin and his wife, chairman and CEO of Hong Kong-based China Innovation Investment, as spies who were trying to interfere in the 2020 presidential election in Taiwan. The prosecutor then found that the Xiangxin couple happened to be in Taiwan at the time and restricted their exit to clarify whether they had violated the National Security Law. The Taipei District Attorney’s Office found that Xiang Xin and Gong Qing were suspected of violating the Money Laundering Prevention Act and filed a lawsuit on the 8th. The National Security Law is part of the investigation.
Taiwan Central News Agency reported that the Northern Prosecutor’s indictment pointed out that Xiang Xin has worked for China Northern Industry Group, the National Machinery Industry Commission, the National Science and Industry Commission, the Science and Industry Commission, after retiring as a lieutenant colonel, he became a naturalized citizen of Hong Kong in 1993 and is the de facto head of China Innovation Investment Limited and China Trend Holdings Limited; Gong Qing was the art editor of the Beijing Modern Military Magazine under the Science and Industry Commission.
Between 100 and 105, Guotai Investment Holding Company raised RMB 40 billion in China by soliciting gold leasing and other schemes. In addition, it agreed with Xiangxin to create the illusion of a shell listing of Guotai in Hong Kong by purchasing shares of China Innovation and China Trend in exchange for HK$60 million.
Cathay Pacific remitted HK$203 million to China Innovation and China Trend’s account and acquired shares, agreeing that China Innovation and China Trend would invest in Cathay Pacific’s subsidiaries and grandchildren and return the proceeds of crime to Cathay Pacific; however, the Chinese public security authorities launched a search for Cathay Pacific in 105 years and the person in charge, Xu, was finally sentenced to life imprisonment.
On August 9, 105, the Public Security Bureau found out that Cathay Pacific had money dealings with Xiang Xin, and went to Hong Kong to interview Xiang Xin; on August 19 of the same year, Xiang Xin came to Taiwan with his wife and opened an account in a bank; on the other hand, Xiang Xin remitted HK$203 million from his company account to a joint account with his wife in two banks in Hong Kong.
In December 105, Xiang Xin and his wife bought the 14th floor of a mansion in Xinyi District, Taipei City for NT$90 million, and in February 106, they bought two houses on the 10th floor of the same mansion for NT$200 million and opened them up.
During their purchase of the property in Taiwan, Mr. and Mrs. Xiang Xin remitted funds from two joint bank accounts in Hong Kong to their bank account in Taiwan to pay for the house price, housing tax, decoration and other expenses, totaling about NT$300 million. In addition, Xiangxin once applied to the Ministry of Economic Affairs for the establishment of “China Capital Co.
The prosecutor believes that the couple intended to conceal, conceal and receive the proceeds of crime from the company, according to the Money Laundering Prevention Act money laundering charges, and seized the 10th and 14th floors of real estate in Xinyi District, and recommended that the court declare confiscation.
The prosecution pointed out that the two people suspected of violating the National Security Law part of the investigation continues.
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