Inconvenient Truths — Jennifer Zeng Reports@jenniferzeng97
👉I. Xi Jinping's sister Qi Qiaoqiao monopolizes China's oil business, buying cheap oil from Venezuela and Iran at $20 per barrel, then selling to Sinopec at $40 to $60, earning 400 billion RMB ($57.54 billion) annually.
👉II. Personnel within the Chinese system estimate that Qi Qiaoqiao's assets now reach 20 trillion RMB ($2.88 trillion).
👉III. The chairman of Shenzhen's “Kingkey Banner” (京基百纳) company, Chen Hua (陈华) , after defrauding 20 billion RMB ($2.88 billion) from Shenzhen Agricultural Bank and fleeing, the bank reported the case and was about to arrest him, he bribed Qi Qiaoqiao 2 billion ($288 million), and settled the matter. This happened in 2010 or 2011.
👉IV. Qi Qiaoqiao also operates concrete, monopolizing the concrete business in Shenzhen and Guangzhou, at peak periods earning 130 billion ($18.7 billion) annually. She has 170 companies in Shenzhen.
👉V. Xi Jinping and Peng Liyuan's largest asset is Hengli Group (恒力集团), its chairman is also called Chen Hua (陈华), but not the above-mentioned Kingkey Banner's Chen Hua, it's another person with the same name. Now the sales under his name are approaching 400 billion ($57.54 billion).
👉VI. Qi Qiaoqiao has seven investment companies and trade companies under her name. The head of the investment companies is called Long Jie(龙杰), from Hunan, 59 years old this year. Qi Qiaoqiao does oil trade through Long Jie, purchasing cheap oil from overseas like Venezuela and Iran. China's oil imports require quotas, so she achieves monopoly through quotas. Only Qi Qiaoqiao has the power to import oil at low prices.
👉VII. Ping An Group's highest revenue period was over 1 trillion ($143.85 billion) assets annually, previously belonging to Ye Jianying's family, later targeted by Qi Qiaoqiao and snatched by her. Ping An Group's Ma Mingzhe (马明哲) now serves Qi Qiaoqiao.
👉VIII. Qi Qiaoqiao does not personally appear in dealings, all realized through agents.