2024-03-31 07:45:00
[The Epoch Times, March 31, 2024](Comprehensive report by Epoch Times reporter Fang Xiao) Recently, Chinese billionaire Qin Hui was convicted in the Federal Court of the Eastern District of New York for political donations, immigration fraud, forged identity documents, etc. Multiple counts. Tan Hui went from being the owner of the “Heaven and Earth” nightclub in Beijing to the actual controller of many listed companies that once stirred up the capital market. He formed a blood alliance with the capital tycoon Xie Zhikun and ultimately failed… and now he has become a prisoner. In Tan Hui’s bizarre life , paving a mysterious network of relationships.
Qin Hui once personally admitted his relationship with Li Xiannian’s family
On March 18, Qin Hui pleaded guilty in a New York court to illegally financing campaign activities through “ghost donations.” After Qin Hui’s guilty plea, the media focused on his relationship with the troubled New York Mayor Eric Adams.
A recent report by the US media The Wire China exposed Qin Hui’s complicated business history in China, and based on WireScreen records, company documents, media reports and court documents, a diagram of Qin Hui’s relationship network was drawn – except for Adams In addition, there are his first wife Lin Jing, ex-wife Liu Duo, former China Construction Bank President Zhang Enzhao, former Chairman of Zhongzhi Group Xie Zhikun (deceased), Tan Hui’s brother Qin Hong, etc.
According to public information, Qin Hui was born in Beijing in 1968 into an ordinary cadre family. When Qin Hui was in school at Zhongguancun No. 2 Primary School in Beijing, he had a female classmate named Lin Jing, who later became his first wife. Lin Jing is the daughter of the younger brother of Lin Jiamei, the wife of former Chinese Communist Party Chairman Li Xiannian. After marrying Lin Jing, Tan Hui rose to prominence. Lin Jing passed away in 1996.
Qin Hui has a complicated and shady business history in China, including running a notorious nightclub in Beijing, investing in several listed companies and being involved in a high-profile bribery case. In 2018, Qin Hui ranked 1,339th on the rich list in Forbes magazine with a net worth of US$1.8 billion. It operates the Hong Kong entertainment entity “Star Beauty Culture”.
According to WireScreen, Qin Hui’s business career began in the 1990s, when he established a series of trading and investment companies and bought shares in a company that ran the notorious “Heaven and Earth” nightclub that catered to Beijing The “elite” powerful class.
Kaiser Kuo (transliteration), the host of the China-focused Sinica podcast, once went to “Heaven and Earth” for an interview. He said, “To run a place like this, you have to have extraordinary connections. This nightclub is obviously influenced by Protect.”
In April 2018, Qin Hui, who lives in Hong Kong, accepted an exclusive interview with “Contour” at the headquarters of Xingmei Holdings. When asked why he took over “Heaven and Earth” in 1995? Qin Hui said that his first wife was still there at that time and his child had just been born. He bought “Heaven and Earth” and hired two Taiwanese people from Shanghai to manage it.
Tan Hui said that his first wife was indeed the daughter of Lin Jiamei’s brother. He and Lin Jing were classmates at Zhongguancun No. 2 Primary School in Beijing. Lin Jing’s mother was also the principal of Zhongguancun No. 2 Primary School. His native place is Daxian (now Dazhou, Sichuan), but he was born in Beijing and grew up in Beijing.
“My wife and I have known each other since school, and we can be said to have been childhood sweethearts. I didn’t know much regarding her family at the time… We didn’t fall in love until we were 18 years old. I still don’t know Lin Jiamei’s eldest son. My younger daughter and son-in-law know each other because they are cultural people and have more exposure to culture.”
When asked regarding the situation at home, Qin Hui said that since 2008, he has not been back to the mainland for more than a month every year, basically in New York and Hong Kong. At that time, his wife and children were in New York, and he returned to New York every month. His younger brother Qin Hong is a public figure.
Qin Hui also said that he still calls Lin Jing’s mother mom. He was over 90 years old and lived in a nursing home with good conditions. Tan Hui paid for all the expenses and his (current) wife did not complain. Lin Jing’s brother also works in his company.
Qin Hui was involved in the bribery case involving China Construction Bank President Zhang Enzhao and others and passed it off peacefully
Many Chinese media reported that “Heaven and Earth” not only brought considerable cash income to Qin Hui, but more importantly, benefits from connections and opportunities. He took advantage of this social circle to make friends with a large number of powerful people, bank presidents and celebrities, including Zhang Enzhao, then president of the China Construction Bank, and Li Peiying, chairman of the Capital Airport.
Precisely because of Tan Hui’s relationship with senior officials of Zhongnanhai, Zhang Enzhao and Li Peiying “lent” US$1.8 million to Tan Hui, which was a free gift to Tan Hui. In order to please the Li Xiannian family, this was a typical collusion between power and money, and an exchange of interests.
In March 2005, Zhang Enzhao was “double-regulated”. According to court materials, between 2002 and 2005, Zhang Enzhao accepted bribes from Qin Hui six times, totaling US$60,000, HK$200,000, and RMB100,000. To this end, Zhang Enzhao provided Qin Hui with 600 million yuan in loans and mortgage relief assistance. In 2006, Zhang Enzhao was sentenced to 15 years in prison.
According to the judicial materials of Li Peiying’s case, Qin Hui paid him a total of 18.6768 million yuan in bribes, accounting for 70% of the total amount of bribes he accepted. In 2009, Li Peiying was executed.
Qin Hui was involved in both cases and was taken away for investigation several times, but he survived both cases safely.
In 2005, Liang Hailing, the leading courtesan in “Heaven and Earth”, was murdered at home. It was rumored that tens of millions of yuan worth of property were found in the bank card under Liang Hailing’s name, as well as the private phone numbers of some senior officials from other provinces.
In 2005, Qin Hui sold “Heaven and Earth”.
In 2010, thousands of police officers raided “Heaven and Earth” and was ordered to close down for rectification due to issues such as “paid escorts and fire safety.” During the entire arrest operation, people involved in prostitution and drug gambling filled more than ten buses, with a total of thousands of people.
Qin Hui’s Xingmei Media Group was delisted in Hong Kong
The bribes paid to Zhang Enzhao, Li Peiying and others brought a large number of loans to Tan Hui’s companies. According to Caijing, Qin Hui obtained huge loans from China Construction Bank and Minsheng Bank, with a confirmed figure of 1 billion yuan. These loans have become the capital for Tan Hui’s Zhuojing Group and Xingmei Group to move around in the capital market and make massive mergers and acquisitions.
According to company documents, in the early 2000s, Qin Hui used his Zhuojing Investment Holdings Co., Ltd. to become the largest shareholder of listed company Chongqing Changfeng Communications and served as chairman since 2002. Changfeng Communications owns shares in several communications and Internet companies across China.
Subsequently, Qin Hui set his sights on the Hong Kong stock market. In 2003, he took over a Hong Kong-listed film production and entertainment company and renamed it SMI Corporation.
Xingmei Media Group Co., Ltd. has opened multiple cinemas across China. Qin Hong, chairman of Xingmei Media Group Co., Ltd. and Qin Hui’s younger brother, founded a film production company in Beijing, Beijing Jiaying Culture Media Co., Ltd. (JQ Pictures Holdings), which has participated in the production of some films with some Hong Kong stars. .
In 2015, Qin Hui took over a Shenzhen listed company called Ningbo Shenglaida Electric Co., Ltd. The reason why Qin Hui decided to invest in the consumer electronics company is unknown. Three years following Qin Hui took over the company, the China Securities Regulatory Commission determined that Ningbo Sunlaida had falsely reported profits and falsified statements, and imposed a fine of more than US$80,000 on Qin Hui and a five-year ban from the market.
Since 2018, the operation of Xingmei Cinema has begun to decline. Coupled with the impact of the three-year epidemic, Qin Hui’s Hong Kong-based Xingmei Media Group Co., Ltd. was delisted (cancelled of listing status) in 2020 following failing to repay more than US$100 million in debt.
Director Xie Zhikun failed in his capital drama and was chased to the United States for prosecution
At that time, Zhongzhi was a major player in the domestic capital market. According to the “Contour” report, Qin Hui and Xie Zhikun, then chairman of Zhongzhi Group, formed a blood alliance, causing a lot of turmoil in the capital market.
On July 17, 2017, Yushun Electronics, a subsidiary of Zhongzhi Group, was suspended from trading. Half a year later, on the evening of January 10, 2018, Yushun Electronics disclosed the progress of its reorganization and planned to acquire 100% equity of Chengdu Runyun for a consideration of 20 billion yuan. According to the preliminary plan, following the transaction is implemented, the actual controller of Yushun Electronics will be changed from Xie Zhikun, the head of the Zhongzhi Department, to Qin Hui.
Disclosed information shows that the assets of Xingmei Cinemas will return to A-shares through backdoor Yushun Electronics. However, there are internal concerns within SMI Holdings regarding whether the theater assets should be spun off and returned to A, as well as the impact of Qin Hui’s acceptance of the China Securities Regulatory Commission’s investigation following taking over Ningbo Shenglida Electric Co., Ltd. In the end, this capital drama directed by Qin Hui and Xie Zhikun failed.
In 2021, Qin Hui was sued in New York by Huzhou Chuangtai Rongyuan Partnership, a subsidiary of Zhongzhi Group, and its main owner Xie Zhikun. The other party requested the Federal Court of the Southern District of New York to recognize and implement the Chinese court’s judgment and repay a debt of US$450 million. In the same year, Xie Zhikun died suddenly of a heart attack.
On June 22, 2022, Sunleda was delisted and delisted.
As of the time of publication of The Epoch Times, Zhongzhi Group had not responded to the Epoch Times reporter’s request for comment.
Qin Hui will be deported from the United States
According to “Wired China”, in 2019, Qin Hui obtained a U.S. green card and settled in New York. His wife at the time was named Liu Duo. According to public information, Liu Duo is a model and won the Miss World China Finals in 2006.
Liu Duo is now a U.S. citizen. According to legal documents, Qin and Liu lived with their two children in an 11-bathroom mansion on Long Island and sometimes stayed at the Plaza Hotel, which is located on the southern edge of Manhattan’s Central Park. They own two apartments. apartment. Liu Duo did not respond to relevant inquiries.
In September last year, Qin Hui was arrested by police in Nassau County, New York and charged with intent to damage property.
Late last month, the FBI raided two homes owned by Adams’ director of Asian affairs and a major fundraiser, Zheng Qirong. According to recent reports by The City and Documented, Qin Hui’s ex-wife Liu Duo was appointed to Adams’ Asian Affairs Advisory Committee, which is led by Zheng Qirong.
During the investigation, Qin Hui also admitted to obtaining a U.S. green card and a Florida driver’s license through fraudulent means.
Qin Hui’s lawyer declined to comment on the ghost donation case.
According to a court press release, as part of the plea agreement, Qin Hui agreed to renounce his legal permanent resident status in the United States and be deported to a country outside the United States.
If Qin Hui does not plead guilty, he will face up to 27 years in prison. After pleading guilty, the sentence will be reduced to 6 months.
Editor in charge: Sun Yun
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