The secret of the seventh deputy provincial governors of Anhui and the high level speculation circle of Anhui

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 The secret of the seventh deputy provincial governors of Anhui and the high level speculation circle of Anhui

In August 2018, Zhou Chunyu, former deputy governor of Anhui Province, was indicted by the procuratorial organs, who charged him with accepting bribes, concealing deposits abroad, abusing his power and insider trading.

As the seventh deputy governor of Anhui Province in history, Zhou Chunyus horse-falling made the deputy governor become a high-risk profession.

Zhou Chunyus career ended at 49. Young, Great Secret and Native School were his labels, and the Bengbu Model of the shelter reform which he carried out when he was in charge of Bengbu made him the focus of public opinion. After his fall, he was exposed as an official and a businessman, insider trading, pulling ties and engaging in clinging. He also outlined a negative portrait of an official.

Promotion of big secret

Zhou Chunyus career began in the post of secretary. In 1989, Zhou Chunyu, who graduated from the Department of History of Anhui University, joined the Secretary of the General Office of the Hefei Municipal Party Committee.

Having a baby face and good manners, recalled a retired official in Hefei, the young Zhou Chunyu was modest and restrained, understated and discreet, and was well appreciated by his leaders.

In the past 28 years, Zhou Chunyu has never left his hometown in Anhui. The achievement of his youngest vice provincial official is his concern for promotion.

The 10 years of experience in the provincial and municipal two offices have enabled him to accumulate deep connections.

In 2000, Zhou Chunyu, who was carrying the aura of big secret, was transferred to the Anhui provincial finance department and served as the director of the economic construction department. Two years later, he was promoted to deputy director of the Finance Department of Anhui province.

A person familiar with the local political situation told China News Weekly that the Finance Department is the cradle of the mayor of Anhui Province. Many of the provincial mayors have worked in the Finance Department, including Deputy Governors Chen Shulong and Zhou Chunyu, who have worked in the Finance Department. Most of them have served in the Finance Department for many years, the more typical career path is transferred from the deputy director of the Finance Department to the local city as deputy mayor, mayor, Zhou Chunyu is one of them.

In 2007, Zhou Chunyu was appointed Vice Mayor of Maanshan and became mayor after a year. From the deputy hall level to the main hall level, Zhou Chunyu spent 7 years.

In 2012, Zhou Chunyu ushered in the important node of official career and served as secretary of Bengbu municipal Party committee.

One hundred years ago, the opening and operation of the Jingpu Railway made Bengbu a railway transportation hub. It also changed from a small fishing village to an important industrial base in Anhui Province. In the period of planned economy, the main economic indicators of Bengbu and Hefei once kept abreast of each other, known as the eldest, the second son of Bengbu.

After entering the 1980s, Hefei, Xuzhou, Fuyang and other nearby urban transport hub status rises, Bengbu advantage is not, in economic development began to show weakness.

An Anhui local scholar told China News Weekly that from Food City to Iron and Steel City to Business City and then to Glass City, the citys development strategy is shaky, so that the city of Bengbu some confusion, the speed of development is also affected.

After Zhou Chunyus administration, he proposed that Bengbu should reinvigorate its strength and return to the first phalanx of the province. In the interval of a meeting, a leading leader of Anhui Province asked Zhou Chunyu about the definition of the first square array. Zhou Chunyu answered ranking in the top five, and the leader gave the answer was at least the first three. At that time, the economic strength of Bengbu hovered between No. 7 and No. 9 in Anhui, which made Zhou Chunyu feel more pressure.

Relative to the slow effect of industrial economy, large-scale urban construction can change the face of a city in a short time, and large-scale demolition and construction has been the paradigm logic of the achievements of local officials, Zhou Chunyu is no exception.

Walking on the streets of Bengbu, the deepest feelings are tall buildings and towering cranes. In the memory of the local people, Zhou Chunyus ruler Bengbu left them the impression of paving the road, repairing the bridge, building a building.

Since 2013, Bengbus tent reform and construction have entered a climax period. From 2013 to 2017, the shantytown renovation project covers the entire urban area, including 64 shantytown demolitions, 31 centralized resettlement areas and related supporting kindergartens, schools, public facilities, etc. All of the project demolition area of about 3.5 million square meters, restored housing construction area of 4.038 million square meters.

Bengbus investment in urban construction has also risen in recent years. From 10.7 billion yuan in 2011 to 18.1 billion yuan in 2012, the investment reached 20 billion yuan in 2013, and has been running at a high level ever since. In 2014, Bengbu invested 24 billion 200 million yuan in urban construction, 24 billion 800 million yuan in 2015, and about 25 billion 600 million yuan in 2016.

From 2013 to 2016, the revenue of Bengbu was 18.28 billion yuan, 20.84 billion yuan, 22.8 billion yuan and 25.12 billion yuan, respectively, which could not catch up with the investment in urban construction.

The Bengbu Finance Bureaus Notes on the General Debt Situation of the Municipal Government in 2016 shows that by the end of 2016, the debt balance of the Bengbu Municipal Government was 26.134.59 million yuan, close to the debt limit set by the Anhui Provincial Government for the city (2714.07 million yuan).

Abnormal performance view

The Bengbu model became the brightest business card of Zhou Chun Yu. On the other side of the coin, large-scale shelter reform has brought about high housing prices, backward demolition and resettlement and the breeding of corruption.

Monetization is considered one of the factors that boosted Bengbus housing price. According to public reports, in 2016, Bengbu plans to levy 15,000 shantytowns, the proportion of monetary resettlement is required to be more than 50%, strive for 70%.

With the completion of the development of the main urban area of Bengbu, there is almost no idle land available for construction in the urban area. In addition, the long construction cycle of the shelter-and-resettlement housing project makes the construction of the urban area of Bengbu often in short supply. As of the end of March this year, Bengbu residential commercial housing, to remove the cycle is only 4.4 months.

The expropriation has enabled some local people to realize the myth of overnight wealth, and in contrast, many people are still suffering from lagging resettlement. Anhui Provincial Party Committee inspection team feedback on September 26, 2017 pointed out that: Bengbu demolition and resettlement seriously lagged, 28941 households were not resettled, of which 21661 overdue transition.

In this large-scale city-building campaign, the huge lure of interest, as well as inadequate regulation, has caused corruption to breed. The inspection group of Anhui Provincial Party Committee notified Bengbu Quality Inspection Center and other units of long-term violations of the small treasury subsidies a wide range of items, only the collection and demolition of more than 10 illegal awards.

At the same time, the citys residential construction system problems are high, the construction administration bureau corruption before succession and red top intermediary monopoly supervision market. Project management is loose, project bidding management is disorderly, and there are many problems, such as not enrolled, clear enrollment is defined, bid enclosure and so on.

Bengbus rapid urban construction can be seen from the side of the young secretarys desire for political achievements, the inspection team criticized his serious deformity of the concept of political achievements.

Zhou Chunyu, who became the ruler of one party, showed more strength and arbitrariness than his modest and low-key image. In promoting the process of urban transformation, Zhou Chunyus work idea is strong push.

Bengbu has set up a headquarters for urban construction and shanty towns transformation. Shantytowns and old residential areas were renovated by Zhou Chunyu himself as the commander, the mayor as the first deputy commander, and the principal responsible persons of the relevant departments of the districts and municipalities directly under the Central Government were members, promoting the shantytowns renovation with high standards.

In his daily work, Zhou Chunyu is accustomed to secretaries take opinions, meetings go through procedures, with the excuse of do not pull the bullet, improve efficiency, and willful decision-making, illegal decision-making, power monopoly, most major projects are decided by the deliberative and coordinating bodies. It causes members of the team to uphold the principle of integrity, and the collective leadership of the Party committee is built up.

After monopolizing the initial nomination of cadres, Zhou Chunyu began elaborating the small circle. People choose good or bad, talk about relationships, use people to see background and heavy money . For the leaders around the peopleLook Highand try to attract them, for their own wide access to theantenna; a large number of familiar with the field of cadres, some departments talented peopleemergewithin three years, individual people have been promoted two levels; for their ownachievements ofLove a point, flattery, obedience to the people becomered, get To promote reuse.

According to the Discipline Inspection Commission of Anhui Province, during Zhou Chunyus tenure in Bengbu, Zhao Mingwei tried his best to cling to the mountain. During his tenure as the leader of the Bidding Bureau and the Municipal Public Administration of Bengbu, Zhou Chunyu paid close attention to all the bidding projects, and he was green light all the way. The quality of the project and the bidding price were ignored. Zhou Chunyu praised him regularly and praised him every year.

Circle of stocks

After Zhou Chunyu was sacked, he was exposed to insider dealing involving the securities capital market.

Zhou Chun Yu may have been implicated in the Chen Shulong case. A local official familiar with Zhou Chunyu told China News Weekly that Zhou Chunyu and Chen Shulong were close friends. During Zhou Chunyus reign in Bengbu, he cooperated with Chen Shulong, then deputy governor in charge of finance, housing and urban and rural construction in the process of urban renewal. They often appeared on the same occasion.

Two peoples sacking involves insider trading. In the first instance of Chen Shulong, the prosecution accused Chen Shulong of buying the shares during the sensitive period of insider information from 2009 to 2015, with a total transaction value of RMB 1225741.1 million yuan and an illegal profit of RMB 137662.7 million yuan. The cumulative transaction value of the above-mentioned shares totals RMB 320582.85 million yuan, and the illegal profit totals RMB 3031.17.31 million yuan.

The prosecution accused Zhou Chunyu of buying the stock as a person with insider information about the relevant stock before the insider information was made public, and the circumstances were particularly serious.

A survey by China News Weekly found that the insider dealings involved were most likely related to a listed company in Wuhu. During his tenure as secretary of the Wuhu Municipal Party Committee, Chen Shulong had close ties with the company and made use of the companys inside information to gain profits. He shared the information with Zhou Chunyu.

The company was once a fuel tank manufacturer in Wuhu, Anhui Province, supporting Chery Automobile, and later went public in marriage with a web game company. According to people familiar with the matter, the marriage between them is very magical.

In 2009, the company began to operate on the stock market, but the approval of the SFC was slow. In the autumn of 2010, Chen Shulong took the opportunity to travel to Beijing and took the person in charge of the company. Sun Ping, director of the Wuhu municipal governments Beijing office, is responsible for the full reception.

Sun Ping helped to contact the relevant staff of the SFC, arranging for the companys principal and the SFC staff to have dinner in the small Nanguo Hotel. After that, Chen Shulong took the person in charge of the company to the SFC to meet with the person in charge of the relevant departments, and related matters were communicated, hoping to speed up the examination and approval.

In 2011, the SFC approved the listing application of the company. Its main business is automotive plastic fuel tank.

However, only 3 years after the listing, the shares of the company became shell resources. The 550 million yuan invested in its initial recruitment project only generated more than 352 million yuan by the end of 2013. According to its 2013 annual report, the total remuneration of its 17 executives is 5 million 625 thousand and 600 yuan.

In the second half of 2013, the company planned to acquire the equity of a game network technology company in Shanghai for asset restructuring, which will be submitted to the SFC for approval. According to the reorganization plan announced in October 2013, the company intends to buy 60% of the Shanghai company at a 26-fold premium of 1.92 billion yuan.

According to media reports at that time, the reorganization reached the standard of backdoor listing. The Shanghai companys 60% shareholder equity valuation is 1.927 billion yuan, accounting for 233.96% of the Wuhu companys total audited assets in 2012; in 2012, the Shanghai companys operating income was 587 million yuan, accounting for 190.02% of the Wuhu companys operating income in 2012. After the implementation of the restructuring plan, the proportion of the main executives in Shanghai reached 22.82% and 20.88% respectively, which exceeded the 30.86% of the controlling shareholders of Wuhu Company.

In March 2014, the SFC did not approve the reorganization plan. The reason for the rejection is that the determination in the application materials as to whether the two companies in Shanghai and Wuhu constitute a concerted actor does not conform to the provisions of Article 83 of the Regulations on the Administration of Acquisition of Listed Companies.

At this point, Sun Ping helped Wuhu companies actively communicate with the SFC. In May 2014, the SFC passed the reorganization plan conditionally, but it has not yet received the reply. Sun Ping contacted a senior member of the SFC, asking him to be concerned about the progress of approval and to convey relevant information. In November 2014, the SFC issued a reply to the reorganization.

In December 2014 and December 2015, Wuhu Company acquired 60% and 40% of Shanghai Company respectively, with a total purchase price of nearly 5 billion yuan. At that time, the total assets of Shanghai company were far more than that of Wuhu. This wave of operation was interpreted as a kind of backdoor, the reason for the two acquisitions, but also to avoid triggering the SFC backdoor review.

Successfully circumvented the backdoor listing review, Wuhu company rocked into a game concept stock, the stock price soared. Since May 5, 2015, there have been 8 consecutive trading boards, pulling its share price to 126.47 yuan.

The listing deal is a win-win for both sides. Shanghai contributed 90% of earnings to the listed companies, boosting the companys stock price, boosting its market capitalization. The company also backed up Wuhu to complete asset securitization. The two companiestop executives jumped into the list of Chinas richest people.

One of the major capitalists, however, began to cut sharply after hitting record highs in mid-2015 and quietly left the market after reaping huge profits in early 2016.

A former Secretary of Chen Shulong, closely related to the fund, has been the chairman of the fund. Chen Shulong is a supporter and a beneficiary of his long sleeve dance in the capital market of Anhui province. As a close official with Chen Shulong, Zhou Chunyu is also a person in this circle, many people said he put money in Chen Shulongs stock speculation.

This funds precise operation is not the first time. On November 26, 2012, alcoholic drinks dropped twice in succession, but the fund escaped from the top precisely before the plasticizer scandal broke out, which was widely questioned.

Alcoholic liquor was one of the few big bull stocks of the year, and its share price soared from 22.10 yuan at the beginning of the year to 61.45 yuan at the peak, thus earning heavy positions. The fund bought 8 million 804 thousand and 300 shares in two consecutive quarters and became the largest shareholder in circulation. In the third quarter, the fund reduced its holdings of 8 million 804 thousand and 300 shares. In the meantime, the average price of alcoholic drinks has reached 52.75 yuan, and the fund has made nearly 200 million yuan on the stock alone.

After the stock market capital carnival, the aforementioned senior management of Wuhu Company took money and left people, a total of 51.15 million shares, a total of 928 million yuan. Sun Ping, a broker wandering between enterprises and capital market regulators, Chen Shulong, a former secretary who is good at trading stocks, Chen Shulong, a deputy governor of the stock god who used to sit in a rat warehouse with state-owned funds and bought his own privately, and Zhou Chunyu, who has close ties with Chen Shulong, all fell on the horse.

Opening the anti-corruption transcripts of Anhui Province in the past two years, local officials such as Yang Zhenchao, Chen Shulong, Zhou Chunyu, Zhang Qingjun and Yang Jingnong are impressive. Their official career has never left Anhui, they ploughed a deep land, accumulated rich contacts and resources, but also constructed a deformed political ecology. Zhou Chunyu said in his confession that he wanted to purify the atmosphere of employment, to those who pull relations, engage in attachment, antenna, thighs firmly abandoned. In his confession, he said, we need to intensify the exchange of cadres and form a rigid exchange system. I am both a destroyer of Anhuis political ecosystem and a victim of Anhuis political ecosystem. Source: China News Weekly editor: Luo Jiazhen _NBJS6445

Opening the anti-corruption transcripts of Anhui Province in the past two years, local officials such as Yang Zhenchao, Chen Shulong, Zhou Chunyu, Zhang Qingjun and Yang Jingnong are impressive. Their official career has never left Anhui, they ploughed a deep land, accumulated rich contacts and resources, but also constructed a deformed political ecology.

Zhou Chunyu said in his confession that he wanted to purify the atmosphere of employment, to those who pull relations, engage in attachment, antenna, thighs firmly abandoned. In his confession, he said, we need to intensify the exchange of cadres and form a rigid exchange system. I am both a destroyer of Anhuis political ecosystem and a victim of Anhuis political ecosystem.