Editor: Jenny Ball
By 2017, Xi Jingping and Wang Qishan had completed the process of the constitutional amendment. And Xi has got the total control of power. So he started to do the same thing like “Public-Private Partnership Campaign” happened between 1955 and 1956.
In 2018, in China there were 96 companies’ beneficial owners had transferred, and 8 of them changed their beneficial owners to state-owned background.
Zhongjin Environment announced that Mr. Shen Jinhao, the controlling shareholder and actual controller of the company, would transfer about 128 million shares (6.65% of the total share capital of the company) to Wuxi Municipal Government for a transaction price of 565 million yuan, and the actual controller of the company would change to Wuxi Municipal State-owned Assets Supervision and Administration Commission after the completion of the transaction.
In addition, Yilida, Hou Pu shares, Xing Yuan environment and many other companies announced the change of the actual controller. Recently, the transfer of controlling rights of A-share listed companies has surged. Since November alone, more than 30 listed companies in the A-share market have issued announcements that the transfer of controlling rights has occurred or is about to occur.
Since 2018, the A-share market has continued to adjust, and many companies have fallen into a liquidity crisis. Among them, privately held listed companies have become the center of the storm due to the liquidity crisis brought by themselves or their major shareholders. The entry of state capital into private enterprises has particularly caused the concern of market problems.
Major adjustments to JD retail- executives Liu Qiangdong resigned from multiple legal positions
From 2018, Liu Qiangdong had started to retire after alleged sexual assault of college girl in Minnesota. And then from April 2020, major adjustments have occurred at the top of JD Retail. A new large super-channel business group was established, integrating the original Consumer Products Division, New Channel Division, 7FRESH and No. 1 Store, with Feng Yi as the head of the business group. Feng was previously in charge of the Consumer Products Division; Yao Yanzhong, formerly in charge of the Communications Division of the 3C and Consumer Products Business Group, was in charge of the Life Services Business Group. Xin Lijun, former head of Life Service Business Group and CEO of JD Health, shifted full-time to JD Health, a big health business that has been split up; Wang Xiaosong is the head of Private Brand Business Department. These three executives now all report to JD Retail CEO Xu Lei.
Liu Qiangdong also stepped down as a legal person of his company. On April 4, 2020, public information showed that the operating body of JD, Beijing JD Century Trading Co., Ltd, underwent a business change, with Liu Qiangdong, founder of JD, stepping down as legal representative, executive director and general manager, and Xu Lei, CEO of JD Retail, taking over as executive director, manager and legal representative. At the same time, Li Yayun withdrew from the position of supervisor and Miao Xiaohong took over. According to the data of SkyEye, Liu Qiangdong has stepped down from the legal representative of at least 10 companies under his management.
The Chinese government has acquired shares and a board seat in a significant subsidiary of ByteDance.
ON ,Aug 16th, 2021,Shanghai, the CCP government acquired a stake and a board seat in Beijing ByteDance Technology Co Ltd, a key subsidiary of Jitterbug parent company ByteDance, The Information reported on Monday, citing company records and people familiar with the matter.
ByteDance Ltd. sold a 1 % stake in the company to Netflix Chinese (Beijing) Technology Co. which is owned by three state-owned companies in an April 30 deal, the media report said, citing information from SkyEye.
The agreement also allowed the Chinese CCP government to appoint a director of Beijing ByteDive, the report said, citing two people familiar with the matter.
Ng Siu Fai, founder of Anbang, was arrested in 2017
Anbang was required by regulators to sell over US$10 billion worth of overseas assets. Anbang founder Wu Xiaohui was also arrested in 2017, and in February 2018 Anbang was taken over and renamed “Everybody Insurance Group”. In September 2020, Anbang Group and Anbang Financial Insurance announced their dissolution and liquidation, which meant Anbang has officially completely been history.
After Jack Ma and Ma Huateng, Liu Chuanzhi, the founder of Lenovo Group, has also stepped down as the legal representative of Lenovo Holdings (Tianjin) Co. In addition, the General Office of the CPC Hangzhou Municipal Party Committee recently issued a notice to all districts and counties, decided to send 100 “government representatives” to the first batch of 100 key enterprises, including Alibaba Group and Zhejiang Geely Holding Group, while the governments of Henan, Guangdong and Guizhou have also sent officials to local enterprises. Many reformers lamented the authorities’ attempts to annex private enterprises.
According to Miles Guo’s broadcast, Jack Ma now had no total freedom, and he went to go to Spanish as kidnapped to execute the asset which he himself owned or held on behalf of CCP Red families. And after he went back to Hong Kong, he may be arrested or be killed by CCP. Such as Ye Jianming and Xiao Jianhua, both were the same as Jack Ma acting on behalf of CCP Red families, they were arrested and dead in the unnatural ways which were secretly executed by CCP.
Like the underworld, the CCP uses powerful propaganda weapons to allow the “public-private partnership” movement to happen again in mainland China and Hong Kong. Any capitalist who still has illusions about the CCP will die under the CCP’s meat grinder.
Disclaimer: This article only represents the author’s view. Gnews is not responsible for any legal risks.