Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews On April 9, Reuters published a long report revealing that former Chinese Communist Party leader Jiang Zemin's grandson Jiang Zhicheng manipulated China private equity funds to raise huge amounts of money. Founded in 2010, Boyu Capital is poised to earn big payouts from two of the most notable initial public offerings to emerge from China in the last 18 months. These are e-commerce giant Alibaba Group Holding Ltd, and state-backed debt trader China Cinda Asset Management Co. The investment is expected to earn a substantial exit payout for Jiang, his Boyu colleagues and investors in the firm's first $1 billion fund, people in the private equity industry say. Alvin Jiang's firm has swiftly raised $1.5 billion from investors for its second fund, 50 per cent more than its first fund, people with knowledge of the matter said. No other China-focused firm with such a short history has found its way into both deals. Several limited partners told Reuters that their firms assess princelings on their political connections and ability to convert those ties into business deals. Alvin Jiang and Boyu Capital rank high on those lists. Bureau Deputy Director's Suicide Reports Deleted Mainland Caixin website reported on April 10,that the deputy director of the State Corresponding Bureau Xu Yean committed suicide for reasons unknown in the office on April 8 morning. The news was quickly republished by several media inside and outside China but deleted by Caixin in the afternoon. Five months ago, another deputy director of the Chinese Communist Party (CCP) State Corresponding Bureau was investigated by the discipline Inspection Commission. The incidents of the two officials caused a lot of outside speculation. Xu Yean's death is the fourth suicide public official reported by mainland media in the past two weeks. After Jiansanjiang Incident, Lawyer Suppression Emerged Frequently More mainland lawyers are being suppressed by authorities. Heilongjiang Jiansanjiang's illegal detention, torture and abuse of human rights lawyers has not subsided. According to the mainland Human Rights Defenders website human rights lawyer Liu Shihui recently suffered violent beatings and property confiscation by Guangzhou state police. Liu Shihui said he was pulled by his ears and hair, slapped and handcuffed in front of the crowd through the streets to be humiliated by state security. Eventurelly he was forced to sign the guarantee of "voluntarily leaving Guangzhou and no longer step in Guangzhou in 2014". Liu Shihui is the lawyer of human rights activist Guo Feixiong and disbarred by the authorities. Another human rights lawyer Wang Quanping was detained by Haidian Public Security Bureau for apparently causing disturbances during the trial of the new citizens' movement advocate Ding Jiaxi. Hangzhou Lawyer Wang Cheng who was injured in Jiansanjiang was harassed and expelled by cutting the power and water to his home by state security. 《神韵》2014世界巡演新亮点 http://www.ShenYunPerformingArts.org/

• published: 11 Apr 2014
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