[Epoch Times, August 26, 2021]Recently, the fall of Zhou Jiangyong, secretary of the Hangzhou Municipal Committee of Zhejiang Province, has become a topic of public opinion. Lu Media disclosed that the reporting incidents surrounding Zhou Jiangyong’s relatives have continued, “The report letter is like a snowflake.” It also stated that many of Zhou Jiangyong’s relatives have been controlled, including his younger brother and sister.
On August 21, Zhou Jiangyong, member of the Standing Committee of the Zhejiang Provincial Party Committee and Secretary of the Hangzhou Municipal Party Committee, was investigated. On July 15, Zhou Wenyong, deputy to the People’s Congress of Ningbo Haishu District, was taken criminal compulsory measures for the crime of “smuggling waste”.
On August 23, China Finance and Economics published an article titled “Starting Ningbo Businessmen Zhou Wenyong and Zhou Jianyong” from the “Free Shipping Zone” of the media, pointing out that in Zhou Jiangyong’s hometown of Ningbo, Zhou Wenyong and Zhou Jianyong’s joint business map involves energy and automobiles. , Subway, real estate and other industries, and the main battlefield is in Ningbo.
An insider from a local rural commercial bank in Ningbo described to China Economic Weekly that reports of Zhou Jiangyong’s relatives continued, “Reporting letters are like snowflakes.”
Zhou Jiangyong’s wife is the deputy secretary of the party committee and chairman of the board of supervisors of this rural commercial bank in Ningbo. According to the insider, “(Zhou Jiangyong’s wife) was there to take up a post. He rarely came here and made tens of millions of dollars in profits every year. This led to the outrage of the bank’s internal employees. They have been making joint reports for a long time. In mid-October last year, the Fourth Inspection Team of the Central Committee stationed in Zhejiang, and they again reported with their real names.”
The report said Zhou Jianyong had been controlled in Shandong before Zhou Wenyong was taken. There is also news that Zhou Jiangyong’s sister has also been controlled.
The report quoted multiple sources of information revealing that Zhou Wenyong is a close relative and friend of Zhou Jiangyong’s family, and Zhou Jiangyong’s younger brother Zhou Jianyong is a business partner. Zhou Jianyong is an associate professor at the School of Management of the University of Shanghai for Science and Technology and a shareholder of 4 companies including Ningbo Yongrun.
Zhou Jiangyong served as a member of the Standing Committee of the Ningbo Municipal Party Committee, the Mayor of Zhoushan, the Secretary of the Municipal Party Committee, and the Secretary of the Wenzhou Municipal Party Committee. He was transferred to the Secretary of the Hangzhou Municipal Party Committee in May 2018. The business map of his family mainly follows his official career.
According to an article in the “Free Shipping Area” of China Finance and Economics, in 2016, Zhou Jianyong founded Ucheng United Information Technology Co., Ltd. in Ningbo. Youcheng United helped Ali, Tencent, and UnionPay to intervene in the mobile payment of the subway side to develop big data for the subway.
Shanghai Yunxin Venture Capital Company is the second largest shareholder of Ucheng United, and the parent company of Shanghai Yunxin Venture Capital is Ant Technology Group. Hangzhou Railway Youcheng (Zhejiang) Technology Co., Ltd., a subsidiary of Youcheng United, was established with a joint investment of 10 million from Youcheng United, Hangzhou Metro Group and Ant Group. Ant invested 1.35 million and is the third largest shareholder.
After Zhou Jiangyong’s fall, it was subsequently reported on the Internet that Zhou Jiangyong’s family spent 500 million yuan to buy the shares that Ant Group planned to go public, and then the listing was suspended and 520 million yuan was returned. On August 22, the Ant Group issued a statement denying it.
On August 23, Hangzhou officially announced that it would start a clean-up action on the relationship between government and business. According to the official, this special governance covers all the city management leaders who are in service, retired and resigned in the past three years, and regulates the behavior of the spouses, children and spouses of the leaders in running businesses.
Editor in charge: Xu Menger
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