采访/易如 编辑/李谦 后制/萧宇
JP Morgan’s Case Publicly Reported in China:
Is Zeng Qinghong Now in Trouble?
Global attention has been paid to Fang Fang, the former
China CEO of JP Morgan Chase.
According to Chinese media, Fang Fang was arrested
by Hong Kong’s anti-corruption agency.
He was later released on bail but stopped from leaving
It was reported that Fang Fang would intentionally become
a cooperating witness and he had revealed all details about
JP Morgan’s recruitment of children from Chinese Communist
Party (CCP) senior officials.
Fang Fang is widely believed to be backed by Zeng Qinghong,
the No.2 boss of Jiang Zemin’s faction.
The news has been publicly reported in China, and is
regarded by many as another sign that something has
happened with Zeng.
On May 21, Chinese financial media Caixin.com reported
the news that, Fang Fang, former Asia vice president and
and China executive of JP Morgan Chase, was arrested .
Fang Fang was then released on bail.
He is unable to leave Hong Kong and will face
further investigation and legal charges.
Two sources told China Business News that after being
charged in Hong Kong, Fang Fang intended to become a
“tainted witness”, and he had disclosed all details
about how JP Morgan recruited children of CCP bigwigs.
Currently, many investment bankers at JP Morgan are hiring
lawyers for protection against possible future legal charges.
Fang Fang, who is 48 years old, has a complicated
He is a delegate to the CCP’s Political Consultative Conference
and the chairman of Hua Jing Society, which is famous as “the
Hong Kong branch for CCP princelings”.
Fang Fang is also said to be a major supporter of Hong Kong’s
Chief Executive Leung Chun-ying, a possible underground
Sources said, Fang Fang belongs to the faction of Zeng
Qinghong, a former Politburo Standing Committee member.
Zeng had been in charge of Hong Kong and Macau affairs
for a long period, and is currently involved in Bo Xilai and
Zhou Yongkang’s cases.
Despite his very special background, the arrest of Fang Fang
had been reported by Caixin.com and other Chinese media.
All these are regarded as evidence that something has
happened with Zeng Qinghong.
Recently Wang Qishan, secretary of CCP Central Commission
for Discipline Inspection put the Hong Kong Liaison Office
under his supervision.
Also, former chairman of Huarun Group, Song Lin was recently
investigated and was a key figure of Zeng’s faction in Hong Kong.
Zeng’s son, Zeng Wei was again involved in Luneng’s
Zeng’s niece and Guangzhou Discipline Commission Secretary
Wang Xiaoling was also charged by real-name whistleblowers
Many have been convinced by these signs that Zeng
has been placed under investigation.
Zhang Tianliang, China Affairs Expert:”The fact that those
reports could be publicly released in China is an important
sign that Zeng Qinghong is now in serious trouble.
Personally I think the key evidence are frequent terrorist
attacks in China after Zhou Yongkang was arrested.”
The Epoch Times has exclusively published reports, claiming
that it is Jiang Zemin and Zeng Qinghong’s faction that plotted
those terrorist attacks.
Their goal is to create social turbulence and to seek
opportunities to overturn Xi Jinping’s leadership.
Jiang’s faction has made many assassination attempts against
their “enemies”; Xi Jinping, Wang Qishan and Li Yuanchao.
Zhang Tianliang: ”If Zeng is safe now, he won’t take
the trouble of taking risks such as plotting a coup.
If Xi Jinping stops after arresting Zhou Yongkang, then Zeng
and Jiang should be relatively safe and won’t need to do
anything in that case.”
On May 14, Zeng publicly showed up in Shanghai.
However, this failed to put off any doubts of his situation,
and even further proves that he has lost power in China.
The Epoch Times was informed by sources that Zeng’s
freedom is now under the party’s “internal control”.
Which is similar to Bo Xilai or Zhou Yongkang’s
Hua Po, Beijing political observer:”Xi Jinping won’t
give Zeng any opportunity to fight back.
I believe that is why he put Zeng’s freedom into
Although Jiang Zemin himself had spared no efforts in
“showing up” his political power recently, most Chinese
media did not hype up reporting him.
Also only a few unimportant officials accompanied Jiang’s
activities. All these clearly show that Jiang’s faction has been
Zhang Tianliang: ”If Xi Jinping still intends to save the CCP,
he will be more cautious in handling Jiang Zemin.
Recently, Xi must have made Jiang feel threatened in some
tangible way, otherwise Jiang won’t have fought so hard.”
Zhang Tianliang commented that, as former CCP secretary-
general, it would be a huge strike at the party if Jiang’s major
crimes were revealed, especially his corruption, treason and
persecution of Falun Gong.
Zhang said, Chinese believe that “Good and Evil will always be
rewarded” and therefore in any case Jiang Zemin will never
escape trial by law and justice.
Interview/YiRru Edit/LiQian Post-Production/XiaoYu