The Beijing Municipal Taxation Bureau reported on its website on October 22 that: after receiving a report on the suspected tax evasion of SOHO China’s subsidiary Beijing Jianhua Land Co., Ltd., it will conduct a case for inspection in accordance with the law.
Beijing Jianhua Land Co., Ltd. was established on February 22, 1994 as a joint venture between SOHO China and Huayuan Real Estate. Pan Shiyi is the legal representative with a registered capital of 104 million yuan, and SOHO China accounts for 60%. The company’s business scope includes the construction of houses in the courtyard of the former Beijing Municipal Engineering Machinery Company, No. 8 Dongdaqiao, Chaoyang District.
SOHO China is a commercial real estate development company established by Pan Shiyi and Zhang Xin in 1995. It mainly develops and sells commercial properties in big cities.
Huayuan Real Estate is a branch of Huayuan Group. Huayuan Group was established in 1993, and its business operations cover multiple fields, mainly real estate. The former chairman of Huayuan Group is Ren Zhiqiang, who is known for his daring words.
In April last year, after the outbreak of the Chinese Communist Party virus (Wuhan pneumonia, the new crown virus), Ren Zhiqiang published “The Clown Who Stripped His Clothes and Persevered in Becoming the Emperor”, bombarding Xi Jinping with “great deeds” to cover up the epidemic. In September of the same year, Ren Zhiqiang was sentenced to 18 years for political retaliation.
Pan Shiyi and Ren Zhiqiang have had a cooperative relationship for nearly two decades, and the two are considered good friends by the outside world.
After Ren Zhiqiang was arrested, Pan Shiyi’s safety was highly concerned by the outside world, who believed that Pan Shiyi might be implicated by Ren Zhiqiang and be liquidated.
According to media information, SOHO China has stopped acquiring land since 2013. Since 2014, Pan Shiyi has successively sold SOHO properties it owns, including: Shanghai SOHO Jing’an Plaza, SOHO Hailun Plaza and Lingkong SOHO 100,000 square meters of properties; Shanghai 50% of the equity in the 8-1 block of the Bund International Financial Center; Shanghai SOHO Century Plaza; Shanghai Hongkou SOHO, etc., cashed in nearly 30 billion yuan.
Beginning in 2019, it was reported that Pan Shiyi wanted to sell all his remaining eight office projects in China to Blackstone for about US$8 billion, but the rumors were quickly dismissed.
At the beginning of 2020, the market once again spread the news of the Blackstone Group’s US$4 billion privatization of SOHO China.
In June of this year, the media reported that Blackstone intends to acquire the issued shares of SOHO China for US$3 billion, which is US$1 billion less than last year’s rumors. However, in August this year, the State Administration of Market Supervision and Administration of the Communist Party of China filed an anti-monopoly law review on Blackstone, which led to the termination of the transaction in early September.
Earlier this year, Pan Shiyi’s son, Pan Rui, was reported to have left a message on Weibo in June last year, saying that in the Sino-Indian border conflict, the CCP army “at least one battalion was buried alive” and “has no chance to be buried in the sky”, suspected of slandering the PLA officers and soldiers on the border. Wanted.
Zhu Yuezhong, an assistant professor in the Department of Finance of Nantai University of Science and Technology, once told Free Asia, “The big problem with Pan Shiyi is that many things have happened in China in recent years.
Taiwanese commentator Xie Jinhe believes that now that the CCP’s tightening is tightening, it may not be easy for the rich to move.
In September of this year, Pan Shiyi and his wife Zhang Xin were found sitting in the audience watching the “2021 US Open Women’s Singles Final” in the United States.
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