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The Mysterious Person Helping the CCP’s Elite Families Transport Money Overseas

Epoch Times reported that a person has been instrumental in helping some top Chinese Communist Party (CCP) officials and their families move their money out of China. He remains low-key, rarely interacting with Chinese and hiding behind those transactions, so very few people know about him.

His real name is not clear. The name he uses in his circle is Michael P. Xu (his Chinese name might be 许鹏). He is a third generation of a Red Officials: His grandfather was a People’s Liberation Army (PLA) general who had fought wars for the CCP to take over the mainland. His father is a current PLA general. The government sent him to study at a U.S. high school and he might have changed his name at that time. He later worked at a senior position at Akerman LLP’s investment banking sector on mergers and acquisitions.

He is well connected to the family of current the CCP’s Politburo Standing Committee member Z. His relation with Z’s family dates back to when Z was holding a local government position. He has also helped other elite officials’ families to purchase U.S. companies via the Chinese companies that they control. Those families include the one of Dai Xianglong (戴相龙), former Governor of the People’s Bank of China; Shang Fulin (尚福林), former President of the China Securities Regulatory Commission and former President of the China Banking Regulatory Commission; Zeng Qinghong (曾庆红), former Politburo Standing Committee member and Jiang Zemin’s right hand man.

He has a good reputation in his circle and has a strong influence both in the U.S. and in tax haven islands. He is close to a Jewish group, especially the American Israel Public Affairs Committee (AIPAC). He frequently comes to the elite California Club, a by-invitation members-only private social club.

He provided strategic consultation for the China Metallurgical Group Corporation (中冶集团), China Merchants Bank (中国招商银行), and a global level company based in Guangdong, on their Northern American business strategies. He also did lobbying work on U.S. politics and regulations.

When Che Feng, son-in-law of Dai Xianglong, tried to buy Digital Domain (the producer of Titanic and Transformers), he had a problem with the U.S. Bankruptcy Court’s rule which required him, in a short time window, to put in money that was already in the U.S.0. Michael Xu moved several tens of millions of dollar in the U.S. and British Virgin Island to make the deal go through.

CCP’s Politburo Standing Committee member Z’s family started transferring their assets from China to Hong Kong and overseas while Z held local government position. One of Z’s assistants is Michael Xu’s relative. Many of Z’s family’s affairs were handled by Z’s son-in-law and Michael Xu through single contact.

Source: Epoch Times, December 14, 2019