Communism for others, Capitalism for self : Truth of top CCP leaders including dictator Xi Jinping

The Narrative World    30-May-2023   
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Some years ago US media revealed that the daughter of Li Zhanshu, former chairman of the Chinese Communist Party's National People's Congress, not only owns a tens of millions of dollars in a villa in Hong Kong, but is also the head of a state-owned bank and a Hong Kong representative of the Chinese Communist Party's provincial political advisory group.


The New York Times published an article on the Chinese website of the United States, saying that Li Zhanshu, former chairman of the National People’s Congress, ranked third in the CCP, and his daughter Li concentrated in Hong Kong to quietly create a financial elite across the city. This is the life in the hidden world of Chinese politics.


Li, has concentrated on buying a four-story townhouse with sea views worth US$15 million in Hong Kong.

Her partner, Chinese-Singaporean businessman Chua Hwa Por, owns a retired racehorse and invested hundreds of millions of dollars in the prestigious Peninsula Hotel and later sold the shares.


According to the report, Li Qianxin is not only the chairman of a state-owned investment bank headquartered in Hong Kong, which has long been doing business with relatives of high-level Chinese Communist Party officials, but also a Hong Kong representative of the Chinese Communist Party’s provincial political advisory group.


Like many other members of the elite of the Chinese Communist Party, Li Qianxin also established Century Joy Holdings Ltd. (Century Joy Holdings Ltd.) in the "tax haven"-the British Virgin Islands.


Xi Jinping's niece sits in a villa, at least five apartments


The report also stated that the relatives of the top leaders of the Chinese Communist Party’s have assets in Hong Kong.


In addition to Li Zhanshu, Xi Jinping’s sister Qi Qiaoqiao’s daughter Zhang Yannan and Wang Yang’s daughter Wang Xisha all own real estate in Hong Kong.


Among them, Xi Jinping's niece, Zhang Yannan, bought a villa in Repulse Bay for $19.3 million in 2009; in addition, Zhang Yannan also owns at least five apartments.


And Wang Xisha, the daughter of Wang Yang, the No. 4 figure of the Chinese Communist Party, bought a US$2 million house in Hong Kong in 2010.