On November 5, 2015, Caixin Weekly magazine, a media in Mainland China that is closely related to Xi Jinping’s leadership camp, published a cover report titled “Crackdown Day.” The report asserted that the long-awaited “Crackdown Day,” a national campaign to crack down on market manipulation and to increase the transparency of the stock market, is coming.
On November 10, 2015, Power Apple published an article introducing Caixin’s article titled, “‘Crackdown Day’ Is Approaching, Liu Yunshan Is in Danger.” Liu Yunshan is a follower of Jiang Zemin, the former top leader of the CCP and the People’s Republic of China. Liu is a current member of the Chinese Communist Party Politburo Standing Committee and a leader of the Propaganda and Ideology Leading Group. Liu Lefei, son of Liu Yunshan, is the vice chairman of CITIC Securities International. Among 11 top senior management personnel in CITIC Securities International, eight high-ranking senior officers have been detained for investigation. Liu Lefei has been suspended from his position and is restricted from going abroad. He is expected to confess what he has done.
In addition, Liu Yunshan’s son Liu Lefei, the sons of Zeng Qinghong and Li Changchun (who also belong to Jiang’s faction) and 320 children of the Party leaders have all been placed under control, preventing them from escaping from China.
Sources: Caixin Weekly, November 5, 2015 & Power Apple, November 10, 2015