Why did Qin Guangrong surrender at this time? Insider: His son was caught and had to vote

category:Global
 Why did Qin Guangrong surrender at this time? Insider: His son was caught and had to vote


The word voluntary surrender has aroused public concern. Qin Guangrong is not the first cadre in charge to surrender voluntarily, but he is indeed the first provincial and ministerial leader to submit voluntarily issued by the State Supervisory Commission of the Central Discipline Commission.

Qin Guangrong (Source: Visual China)

That evening, a commentary published on the website of the State Supervision Committee of the Central Discipline Commission quoted data that since the Nineteenth Congress of the CPC, under the pressure of anti-corruption, a total of 27,000 Party members and cadres across the country have voluntarily explained the problem of violations of discipline and law, and more than 5,000 Party members and cadres have voluntarily submitted their cases.

Apart from being the first provincial and ministerial leader to voluntarily submit a case, Qin Guangrongs time of voluntarily submitting a case deserves considerable attention. In May 2019, more than four years have passed since he stepped down as Secretary of the CPC Committee of Yunnan Province. Before that, many officials who had worked with him in Yunnan officialdom had fallen out.

Over the years, the rumors of Qin Guangrong being investigated have been continuing, and he has not surrendered. Why did he suddenly voluntarily surrender at this time? Its because my son was caught and had to throw. According to Huarong insiders to China Economic Weekly, Qin Guangrongs voluntary surrender at this time should be related to his son Qinling, who was a senior executive of Huarongs listed company. After Lai Xiaomins fall, Qinling was also investigated at the end of last year.

The son was a senior executive of Huarong Department. He was rumored that Lai Xiaomin did not stop after he fell off the horse. He should make money from both inside and outside.

Sources from Hong Kong told China Economic Weekly that Qin Guangrongs son, Qinling, was the chairman of the board of directors of Huarong Investment Co., Ltd. (2277.HK, hereinafter referred to as Huarong Investment) and had been taken away for investigation several months ago.

Huarong Investment is a comprehensive investment and financing scheme provider listed in Hong Kong by Huarong Capital Management Co., Ltd. (2799.HK). At present, its controlling shareholder is Jiachong International Co., Ltd. (hereinafter referred to as Jiachong International), with a share holding ratio of nearly 51%, while Jiachong Internationals holding company is Huarongs overseas platform company, China Huarong International Holdings. Ltd. (hereinafter referred to as Huarong International).

On November 27, 2018, Huarong Investment announced that Qinling had resigned as chairman and executive director of the board of directors for personal reasons.

On the same day, Yu, Director and General Manager of Huarong International, was appointed Executive Director and Chairman of the Board of Directors of Huarong Investment.

Since then, there has been no new post in Qinling Mountains, which has actually been arrested and is still at the stage of investigation. According to the insiders of Huarong.

On June 24, 2016, Qinling was appointed as the non-executive director of Huarong Investment. At that time, he also served as the Chief Executive Officer of Huarong International. In the announcement issued on the day of Huarong Investment, it briefly introduced its past experience: 38 years old; more than 15 years of financial experience; from February 2011 to October 2015, he was the executive president of Agricultural Bank International Holdings Limited, and had worked in several financial institutions before; he obtained a doctorate degree from Renmin University of China.

More than a month later, on July 27, 2016, Qinling was transferred from non-executive directors to executive directors and appointed as chairman, thus starting more than two years as chairman of the board of directors of Huarong Investment.

The reporter of China Economic Weekly noticed that on the day of Qinlings departure, two Vice-Presidents and one assistant president of Huarong resigned on the same day. The reasons given by Huarong in the announcement were due to job changes.

According to the above-mentioned Huarong insiders told reporters, since Lai Xiaomins fall in April 2018, many senior executives of Huarong Department have been taken away for investigation, Qinling is one of them. The bad thing about the Qinling Mountains is that Lai Xiaomin still does not stop after he falls off the horse. He should make money from both inside and outside.

A Hong Kong person familiar with the situation told China Economic Weekly: Its impossible to say that if you volunteer voluntarily, you cant. Nowadays, both father and son are prisoners. Father and son can only explain the problem more thoroughly than who.

Several former co-workers have long been dismantled.

The timing of Qin Guangrongs voluntary surrender is indeed quite delicate. In October 2014, Qin Guangrong, who was under 65 years old at that time, resigned as Secretary of the Yunnan Provincial Party Committee and subsequently served as Deputy Director of the Interior and Judicial Committee of the Standing Committee of the National Peoples Congress. Since retiring as secretary of the Yunnan Provincial Party Committee, there have been rumors of its being investigated from time to time.

Qins glorious career started in Hunan Province and served as the Standing Committee of Hunan Provincial Committee and Secretary of Changsha Municipal Committee. In 1999, Qin Guangrong was transferred to Yunnan as the Standing Committee of the Provincial Party Committee and Secretary of the Political and Legal Committee. Since then, he has never left Yunnan for nearly 16 years. He has served as Secretary of the Political and Legal Committee, Minister of Organizational Department, Standing Vice-Governor, Provincial Governor and Secretary of the Provincial Party Committee until October 2014.

Qin Guangrong has served in Yunnan for quite a long time, but he only served as secretary of the Yunnan Provincial Party Committee for more than three years. In August 2011, he succeeded Bai Enpei as secretary of the Yunnan Provincial Party Committee.

Qin and Bai had worked together for many years. In 2001, Bai Enpei was transferred from Qinghai to Yunnan as the Secretary of the Provincial Party Committee until 2011, when Qin Guangrong became the acting governor of the province. If Qin Guangrong became the acting governor of the province in 2006, they would work directly together for nearly five years.

On the eve of Qin Guangrongs resignation as Secretary of the Yunnan Provincial Party Committee, Bai Enpei was announced to accept the organizational investigation in August 2014. In October 2016, Bainpei was sentenced to death for bribery and huge amount of property from unknown sources, with a two-year suspension of execution. After the trial, it was found that Bainpei illegally received other peoples property directly or through his wife, totaling more than 240 million yuan.

With Qin Guangrongs voluntary surrender, Yunnan has two provincial Party committee secretaries dropped horse. While Qin Guangrong was the Secretary of the Yunnan Provincial Party Committee, many members of the Standing Committee of the Provincial Party Committee had fallen off horses or been cliff-like downgraded.

For example, Qiu He, who became deputy secretary of the Yunnan Provincial Party Committee in November 2011, was investigated in March 2015 and sentenced to 14 years and 6 monthsimprisonment for bribery at the end of 2016. After the trial, it was found that Qiu He illegally received and demanded more than 24 million yuan of property during his tenure in Yunnan from 2008 to 2015.

In December 2011, Zhang Tianxin, the Secretary of the Kunming Municipal Party Committee, was demoted to a cliff-like position. In July 2014, he was expelled from the Party membership, cancelled the treatment at the deputy provincial level, and was demoted to a non-leading position at the deputy department level. Cao Jianfang, former standing committee and secretary-general of Yunnan Provincial Party Committee, was demoted to a deputy non-leading post in 2015 after being expelled from the Party membership. Reporters noted that Cao Jianfang once quit the Standing Committee of the Provincial Party Committee during his tenure in Yunnan, but in November 2011, he re-assumed the Standing Committee of the Provincial Party Committee of Yunnan Province.

Another thing that Qin Guangrong left a deep impression on the public was that after Wang Lijun entered the U.S. Consulate General in Chengdu in early 2012, Bo Xilai, then Secretary of the Chongqing Municipal Party Committee, led the Chongqing Party and Government Delegation to Yunnan for exchange and inspection, accompanied by Qin Guangrong, then Secretary of the Yunnan Provincial Party Committee.

First example of self-directed ministry! When he retired to the second tier for five years, what made him choose to volunteer?

Qin Guangrong chose to surrender voluntarily five years after he retired from the front line in 1970, and another tiger was brought to justice in Yunnan officialdom.

On May 9, the website of the China Discipline Commission released a message: Qin Guangrong, the former Secretary of the Yunnan Provincial Committee of the CPC, is suspected of serious violations of discipline and law and has voluntarily submitted to the case. He is currently undergoing disciplinary review and investigation by the State Supervision Committee of the Central Discipline Commission. Short 45 words, quickly brush screen. Among them, the most remarkable word voluntary surrender has triggered many conjectures. When he retired to the second tier for five years, what made him choose to volunteer?