Artwork trade-a tool for conclusion of government officials and businessmen and money laundering

  • Author: Peacelv
  • Editor: JIHO

As an imported product from the West, China’s private banking business started around 2007. The earliest private banking business was first led by the Bank of China. Since then, Minsheng Bank, Industrial and Commercial Bank of China and China Merchants Bank have successively launched private banking services. In more than ten years, China’s private banking business has evolved from traditional asset allocation businesses, such as foreign exchange, stocks, and commodities, to more extensive and more detailed services. Among them, art appraisal, purchase, collection planning and Investment services have become an important business segment for private banks to serve high-net-worth customers.

So many merchants collect the cheapest artwork from the market, the most popular artists in China now is Wu Guanzhong and Wu Changshuo. And merchants evaluate the value of the artwork in internal organization, for example one of the most famous organization for evaluating artwork is managed by Yan Bing, who is the chief master of HONG NIU. And Yan Bing is the best friend of Zeng Qinghuai who is the brother of Zeng Qinghong, the former vice president in China.

Many of artworks were illegally obtained through the means of cheating, stealing or impersonating by the CCP’s white Gloves such as Jack Ma(Ma Yun) and Peter Ma(Ma Mingzhe) and Wang Jianlin. But the artist and painter usually got the least salary from the work. And the CCP Gloves could serve for the most powerful family in China from the exchange and obtain their own benefits as much as possible.

Ming Sheng Bank was the first bank in China which conducted the artwork mortgage. Its vice chairman Zhang Hongwei had been long good relationship with Chen Yuan, the head of the China Development Bank, who is also the son of Chen Yun, the former core leader of Chinese Communist Party. And Zhang Hongwei got hundreds of millions of RMB from the artwork mortgage, and the capital injection was from China Development Bank. And then he immediately transferred the money to the western countries and the money was hidden.

Photo from internet

A report in 2013 in New York Times about a Chinese grandfather, Qian Peichen, who  illegally trespassed in the United States and got more than 80 million U.S. dollars for his imitated paintings. It created the largest counterfeit case in New York history. This  is closely related to the description of the above content.

The talented painter was always focus in the art and the merchants like Zhang Hongwei and Wang Jianlin usually thieve the fruits using the means of cheating, and then deprive the hard working of Chinese people for their own families’ benefits. They are the accomplices who help the few families of CCP to enslave the Chinese people. They also made a negtive example for the merchants, and what they had done had polluted the whole society and gradually made the Chinese people unable to distinguish right from wrong and to be the slave of the supremacy of money.

When we talked about the artwork trade market in China, we can see only the power and porn trading. Actually the wealthy people don’t appreciate the artworks but treat the artworks as a method for power rent-seeking and a face-saving project. The most powerful red families of CCP and the speculative and shameless merchants had formed an alliance and solidified class to enslave the Chinese people. The art is pure, but the cheaters and thieves are full of guilty.

+1
0 Comments
Inline Feedbacks
View all comments