Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews Xi Jinping’s attempt to strike at “tiger bosses” has become the focus of public attention in China. Recently, apartment sales of Fantasia Holdings Group, a developer based in Shenzhen, were blocked by the authority. Zeng Baobao, niece of former Chinese Communist Party (CCP) Vice President Zeng Qinghong, is the largest shareholder. House transactions were also blocked for other Shenzhen developers linked to Zhou Yongkang. The connection between Zeng Qinghong and Zhou Yongkang is becoming visible. Fantasia Holdings Group Co. was founded by Zeng Baobao, the niece of Zeng Qinghong. On Jan.15, Fantasia apartments were reportedly blocked for sale by the local Planning and Land Resources authority. A Beijing Youth Daily article said, the presale of a Fantasia property “Flower Home” was stopped by the CCP. Four units with total area of about 200 square meters that were sold in 2013 were also on the lockout list. The “Flower Home” is located at the center of Bao’an District in Shenzhen. There are speculations that those four presold apartments in the lockout are owned by CCP officials. According to Fantasia’s 2014 interim report, the company’s executive director, Zeng Baobao owns a 57.33 percent holding either directly or indirectly. Zeng Baobao’s father is Zeng Qingzhun, a younger brother of former Politburo Standing Committee member and Vice President Zeng Qinghong. Gu Chunqiu, political commentator, ”Fantasia was founded by Zeng Qinghong’s niece. The company’s apartment sales in Shenzhen were banned. Now Zeng Qinghong is believed to be the next target of Xi Jinping’s anti-corruption campaign. So the lockout on Fantasia must relate to Zeng’s family corruption.” Authoritative Lockout refers to administrative freezing of particular apartments or the whole sales system of a developer due to violation of rules. The latter usually occurs in two situations. First, the developer is in debt crisis and judicial offices block its housing sales; Second, the developer is involved in corruption cases and the lockout comes from orders from discipline inspection. As investigation of Zhou Yongkang continues; Xi Jinping’s anti-corruption campaign has fully covered China’s whole real estate industry. “Apartment Lockout” quickly became a frequently used “sensitive term” with Shenzhen developers. More developers are being placed in “lockout” and requested meetings with discipline inspection agents. Several central government-owned enterprises have also been involved. According to statistics released by the finance channel of 163.com, more than 10 developers are currently under “authoritative lockout”, with more than 16,800 apartments blocked from sales. The CCP officially said that details of these lockouts would not be open to the public right now. However, media reports exposed that most “locked” developers had connections to Zhou Yongkang. Kaisa Group, a leading developer in Shenzhen, drew most attention as over 2000 apartments were frozen in November. Chinese media reported that, Kaisa built up its fortune from Shenzhen’s urban redevelopment projects. It has close connections with local government, as well as Zhou Yongkang’s family. Kaisa was in trouble after the fall of Jiang Zunyu, former Shenzhen’s municipal director of Politics and Law Commission. Caixin (caixin.com) further exposed that, Zhou Bin, the eldest son of Zhou Yongkang and Zhan Minli, Zhou Bin’s mother-in-law, invested in Kaisa and Fantasia via their controlled investment corporation Zhongxu. Zhou and Zhan had reserved thousands of mu of land from the deal. Zhongxu has 10-percent holding in Fantasia Sichuan, which built communities like “Jinshanhua” and “Yishu Huaxiang”. Some apartments of these communities were managed by Wu Bing, who was called Zhou Yongkang’s “head butler”. Wu used these apartments to bribe CCP officials, especially those from the Politics and Law system. The lockout moves against Kaisa and Fantasia, have brought Zhou Yongkang and Zeng Qinghong’s links to the public eye. Tang Jingyuan, political commentator, ”Last November, we first saw thousands of Kaisa apartments were frozen. 《神韵》2015世界巡演新亮点 http://www.ShenYunPerformingArts.org/

• published: 20 Jan 2015
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