CCP Bans ‘Naked’ Officials As Data Reveals That 64 Percent Of The Wealthiest Chinese Have Moved Abroad
On Jan. 16, Hurun Research Institute published survey data
showing that 64 percent of China’s wealthy and one third
of China’s extremely wealthy have migrated.
In addition, the CCP has banned the promotion
of naked officials lest they transfer property overseas
via immediate family members.
The Hurun Research Institute tracks changes
made by Chinese entrepreneurs.
In one-on-one interviews between May and November 2013,
Rupert Hoogewerf, founder of the Huron Research Institute,
talked to 393 Chinese millionaires
The findings indicate that immigration
of Chinese millionaires, those who own personal assets
totaling 10 million yuan (US$1.6 million) or more,
rose by 4 percent to reach 64 percent.
This is mainly owing to the fact that one third of China’s
“super-rich” (those who have wealth of 100 million yuan
(US$ 16 million) or more have already immigrated,
enticing millionaires in China to do the same.
Last year, the Chinese International Migration Report 2012
showed that 27 percent of the “super-rich” have immigrated
and 47 percent are considering emigration;
60 percent of millionaires, those who have personal assets
at or above 10 million yuan, are considering emigrating.
Beijing political analyst Hua Po believes there are two main
reasons for the increasing proportion of regal immigrants.
[Beijing political analyst Hua Po]: “The first reason
the wealthy emigrate is to evade taxes because
China’s tax is too high; secondly they are skeptical
of the current system and want to avoid danger.
These two reasons propel the wealthy Chinese to hurriedly
transfer assets abroad to be safe.”
Senior legal expert Zhao Yuanming believes that in addition
to the wealthy CCP leaders, an important reason wealthy
entrepreneurs need to transfer property overseas
under the anti-corruption macroclimate
is because many have colluded with the government
to earn mostly ill-gotten gains.
[Senior legal expert Zhao Yuanming]: “Many corrupt officials
in fact obtain business privileges, a certain market share
or ownership of raw materials, via corruption.
It can be said that corrupt officials can obtain
considerable benefits via personal connections
throughout the entire industry,
as well as in agriculture and commercial distribution.”
On Jan. 14, Shanghai’s Oriental Morning Post published
an article disclosing that many Chinese tycoons
have a military and political background.
For example, “red capitalist" Rong Zhijian’s father
Rong Yiren served as Vice President.
Wang Jianlin, “China’s richest man" thrice over,
whose father served as vice chairman of Tibet,
admitted to the fact that no Chinese tycoon
becomes wealthy without engaging in bribery.
In addition, the fathers of entrepreneurs Chen Ningning
and Pan Shiyi, who are a married couple, Zhang Yong
and Huang Mao Ru, also a married couple,
as well as the fathers of Ma Huateng, Zhu Baoguo,
Zhang Yong, Dai Hao, Huang Nubo, Zhang Keqiang
and Liu Changle served as intermediate cadres of the CCP.
The Hurun Research Institute investigation pointed out
that most Chinese tycoons only take permanent residence
in foreign countries as opposed to citizenship.
[Hua Po]: “They just temporarily make money in China
but are ready to flee at once when the situation changes.
But for now, the more money they suck up in China,
On Jan. 14, at the third plenary meeting, Xi Jinping,
CCP General Secretary, stressed his firm decision
and determination to fight against corruption.
In addition, the CCP has introduced new regulations
to prevent the promotion of “naked” officials,
a term used for an official whose immediate family
member(s) have moved overseas.
The media has speculated that authorities are concerned
about naked officials serving in China and transferring
assets overseas via their family.
Hua Po pointed out that naked officials are everywhere
in China, causing the masses to revolt against them.
Therefore, the CCP leadership will begin punishing
naked and corrupt officials.
The Commission for Discipline Inspection
of the Central Committee also announced it would
further hunt corrupt officials fleeing.
[Hua Po:] “I believe during this anti-corruption storm some
big tigers will be beaten, giving hope to the people.
No one could command Zhongnanhai during the Hu Jintao
and Wen Jiabao decade, leading to a ruling crisis.
Xi Jinping attempted to give people hope with the promise
of strong anti-corruption after he took power.
But the turmoil is really for the purpose of strengthening
the party’s leadership and strengthening
the CCP’s monopoly on politics.”
Hua Po pointed out that there will be new “tigers”
(corrupt officials) in the future if the CCP does not solve
the political monopoly problem, since the CCP cannot
eradicate the root of corruption.