Zeng Qinghong is a retired member of the Politburo Standing Committee of the Communist Party of China, China’s highest leadership council. Between 2002 and 2007, he was a top-ranking member of the Secretariat of the Central Committee. From 2003 to 2008, he also served as the Vice-President of the People’s Republic of China. He is a close ally of then-general secretary Jiang Zemin. Since the fall of security tsar Zhou Yongkang, rumors about Zeng have been surfacing.
On Aug. 1, 2013, a wealthy Sichuan businessman Wu Bing (吴兵), who had close business ties with Zhou Yongkang’s son Zhou Bin, was put in official custody. Wu Bing owned Zhongxu Holding Co., Ltd. (中旭投资公司), which holds shares of stock in Fantasia Chengdu (花样年成都), a corporate subsidiary of Fantasia Holding Group Co., Ltd. (花样年控股), which was founded by Zeng Baobao, Zeng Qinghong’s niece. According to its website, "Founded in 1998, Fantasia was successfully listed on the main board of the Hong Kong Stock Exchange in November 2009 under the stock code ‘1777.’ Its assets amounted to over RMB30 billion (US$4.86 billion)." In the early years, Fantasia Chengdu also worked with Zhongxu to create a Sichuan based joint venture. Sources in mainland China told Apple Daily that the authorities took Zeng Baobao away months ago to assist in the investigation of Zhou.
Because of the close relationship between Zeng and Zhou’s family, as early as May this year, there was speculation that Zeng Qinghong will be the next tiger that Xi Jinping will take down. Zeng Qinghong’s latest public appearance was on May 14 of this year. He visited an art museum in Shanghai, accompanied by Shanghai’s head of the Chinese Communist Party’s Central Committee, Han Zheng.
Source: Apple Daily, July 31, 2014