[Post Recovery] Transcript of a phone call in which a former high-ranking CCP official revealed corruption within Xi Jinping's family to Sheng Xue

This text is the original post deleted by Sheng Xue (SX). The conversation between her and the official (X) is as follows:

Today, the U.S. Mission to China @USA_China_Talk account posted a message saying: "Secretary of State Rubio: This is the oil of the Venezuelan people, yet in some cases, it is handed over to China at a discounted price of $20 per barrel..." Below is the text compiled from the conversation records between a friend who provided the information and me.

X is the narrator, and SX is Sheng Xue herself.

X: Sister Xue, did you see? The U.S. Secretary of State publicly stated that the oil China gets from Venezuela is only 20 US dollars (Note by Zeng Zheng: In fact, Secretary Rubio said it was a discount of 20 dollars per barrel), I told you this before. SX: Wait a moment. Regarding the matter of Qi Qiaoqiao's monopoly on oil, please tell me in detail once more. I didn't take notes last time you mentioned it, and I will post it in a while. X: I'm telling you, in recent years she couldn't buy cheap oil from Russia anymore, so she's buying cheap oil from Venezuela and Iran. Qi Qiaoqiao makes money from this. I didn't tell you the other day, she makes 400 billion a year just by lying flat. She makes 400 billion a year just from this oil. SX: Oh, 400 billion RMB. X: Think about it, how much oil and related products does China need in a year? You know, right? You'll see that the money she makes is far more than what Sinopec and CNPC make. Why do Sinopec and CNPC say they aren't making money or are losing money? SX: Yes, I remember Sinopec indeed mentioned losses multiple times in financial reports or public statements. X: How could they not lose money? First, they have to support so many people; second, they have to pay so many taxes; third, they have to give so many gifts, and there are various other places where money is spent. SX: Today, since Rubio mentioned it, I can talk about this matter. X: That's why I told you before... I'm telling you, someone told me yesterday, according to their current estimates, Qi Qiaoqiao probably has 20 trillion RMB in her hands. SX: 20 trillion? That's like the GDP of a country. X: Correct. SX: As far as you know, Xi Jinping knows about these specific matters, right? X: One hundred percent he knows. Let me tell you something you can quote, and I guarantee they will all shut up. I'll tell you, this is the most core and realistic matter. In Shenzhen, there is a company called "Jingji Baina," and Chen Hua from "Jingji," who does real estate. He defrauded 20 billion in loans from the Agricultural Bank of China in Shenzhen. After the loan fraud, the bank reported it, and they tried to arrest him. To avoid arrest, he fled to Hong Kong. In the end, he gave Qi Qiaoqiao 2 billion, and it was settled. This person has started doing business again now. Xi Jinping didn't agree at first, but in the end, Qi Qiaoqiao and her mother had the final say. SX: What year did this happen? X: It should have been around 2010 or 2011. There is a movie in China called "In the Name of People," and the character Zhao Ruilong is based on this Chen Hua. There is a plot where he flees to Hong Kong. The Four Seasons Hotel in Hong Kong was then called the "North-Watching Tower," a gathering place for these corrupt mainland officials and wealthy businessmen to temporarily seek shelter and find connections to get people released when things went wrong. Chen Hua stayed in Hong Kong for seven months and finally settled it and returned. SX: I hadn't noticed this person before. X: Chen Hua was born in 1966, from Wuchuan, Zhanjiang, Guangdong. Some say he arrived in Shenzhen to work in the 80s with only 20 yuan in his pocket. Later, he became a contractor, founded Jingji Real Estate, and later the Jingji Group. SX: So Xi Jinping himself is very clear about this situation; his family is the most corrupt. His so-called anti-corruption, "hitting flies and tigers," is all for show, just to purge dissidents. X: Correct. And I'll tell you, Qi Qiaoqiao has another company that is the most profitable. SX: Yes. X: Besides oil, she also has concrete. She has monopolized the concrete in the entire Guangdong region, specifically in Shenzhen and Guangzhou. At its peak, she could earn 130 billion a year. SX: Wow. X: Don't underestimate it! During those years of crazy real estate investment! She has 170 companies in Shenzhen. SX: With so many companies, she can't even remember their names herself. X: She doesn't manage them herself; someone else does. A man from Zhanjiang Maoming and a woman from Hunan; the couple manages them. SX: Oh, she can actually find such people in society. X: I told you, we've eaten together. That day, someone at the table said, "Today, the boss of 400 billion is proposing a toast to everyone." He was proposing a toast! He is very low-profile. That person said he is someone close to Qi Qiaoqiao. SX: So Qi Qiaoqiao is indeed the chief steward and chief financial officer of the Xi family. X: What I just told you, don't you think it's shocking? I'll also tell you, the biggest assets of Peng Liyuan and Xi Jinping are... take note, the Hengli Group. SX: Hengli Group. X: The chairman's surname is also Chen, and he is also called Chen Hua (Note by Zeng Zheng: Public records show the chairman of Hengli Group is called Chen Jianhua). SX: Then that's not the same Chen Hua as mentioned before. X: Not the same person. The sales revenue under his name is now close to 400 billion. Hengli Petrochemical in Shandong—you can't even imagine how they make money; he does all his business with Russia. SX: Let's take it step by step. Today, let's first talk about Qi Qiaoqiao's monopoly on oil. X: Okay. SX: It's been at least two or three weeks since you told me about the oil matter last time. X: Three or four weeks. When I said it, the Americans might not have had the information yet, and they hadn't said anything. So, if you leak these things, many people will hate you—both sides will hate you: the CCP will hate you, and some fanzei will hate you too. First, because you told the truth, and second, because you broke their information chain. SX: Anyway, I don't use these things to make money as a self-media creator or anything; I won't cater to any trend, public opinion, or popular sentiment. X: Right, right, don't be afraid. Let's go back to the oil matter; I want to explain the oil matter clearly. I'll tell you, take note: she has seven investment and trading companies. SX: Qi Qiaoqiao's, Xi Jinping's sister. X: Correct. The head of these investment companies is called Long Jie, a Hunan native. Long Jie—the 'Long' as in flying dragon, 'Jie' as in outstanding. He is 59 years old this year. SX: Roughly what are the names of these seven trading companies? X: I have to check that; I can only tell you the specific names after I check. SX: She conducts oil trade through Long Jie, purchasing cheap overseas oil from Venezuela, Iran, and others. What is the specific operational path? X: His trading companies can obtain crude oil quotas. In the Chinese system, oil imports are all subject to quotas. After they obtain the quotas, they buy oil at low prices overseas, for example from Venezuela, Iran, and previously Russia. SX: In other words, Qi Qiaoqiao and her group don't care which country the oil comes from, as long as it enters China, it must first pass through her hands? X: It's not that it passes through her hands, but that she is the only one with the power to buy. She gets the quotas, her trading companies buy it back, and then she sells it to CNPC and Sinopec, or to the refineries of CNPC or Sinopec. She sells it to them at the international benchmark price, sometimes even higher. Look at the current Brent crude oil price, it's between 60 and 75 dollars per barrel. SX: I don't know roughly how much gas costs domestically now, what is the concept? X: Now 92-octane gasoline is about 6.7 to 7.0 yuan per liter, 95-octane gasoline is about 7.1 to 7.5 yuan per liter. A few years ago, 95 and 92-octane gasoline were about 8.5 to 9 yuan per liter. SX: Everyone thinks the Chinese government is buying cheap oil and selling it at high prices, but actually, it's Qi Qiaoqiao and her group who take the cheap oil for profit. X: Correct, that's the key. The so-called "China" is actually completely controlled by a group of people. You know, Ping An Group was over a trillion at its peak, and it belonged to the Ye family. Now the Ye family has lost power, and Ping An Group has been brought under Qi Qiaoqiao's name. The Ye family no longer has influence in Guangdong. When Ye Xuanning died, I said the Ye family was finished. SX: Yes, before it was the Ye family's world in Guangdong. X: The three trillion of Ping An Group was indeed something Qi Qiaoqiao set her sights on. Think about it, that's why Wang Qishan and Meng Jianzhu, back then in HNA or Ping An, it used to be theirs. Now Ma Mingzhe of Ping An is also working for Qi Qiaoqiao. SX: Ma Mingzhe is working for Qi Qiaoqiao? X: Correct, he's working for her now. Ma Mingzhe is a very shrewd person! He doesn't care about anyone, as long as he can keep that position, he'll work for whoever. He used to work for Wang Qishan. SX: It was Wang Qishan and Meng Jianzhu before, and now it's Qi Qiaoqiao. X: That's why I tell you, why she is the chief financial officer. And she doesn't appear in person, she does it all through these so-called "agents." SX: Agents. X: Correct. That man from Zhanjiang, he's in Shenzhen, and he's in real estate. I still have the photos. Why at this critical moment, look at Ma Mingzhe, his Ping An, has now basically become Qi Qiaoqiao's private property. SX: Private property. X: Correct, because

For a company like Ping An, it's a mixed-ownership entity. It doesn't have an absolute controlling shareholder. Ma Mingzhe, who has been running it for so many years, knows how to play the capital game. His capital operations are too brilliant. He is now helping Qi Qiaoqiao move all these assets under Qi Qiaoqiao's name. SX: How were they moved? X: There are so many ways! For example, things like targeted private placements, asset restructuring. So you see, this is why Ma Mingzhe is still in his position. SX: He hasn't retired yet. X: He hasn't retired yet. But he is very low-key now. Of course he's low-key! He knows his life is in Qi Qiaoqiao's hands now. So you see, this is why the Ye family is basically out of the picture in Guangdong. So you see, after Xi came to power, the first thing he did was to eliminate the Ye family. Because the Ye family's influence in Guangdong was too great, he couldn't carry out his work in Guangdong if he didn't eliminate the Ye family. So he used this method to gradually transfer all of the Ye family's assets to his own family members. SX: Didn't the Ye family resist? X: Resist? How could they resist? Now all the power is in Xi's hands, he can arrest whoever he wants. The people from the Ye family now have either fled abroad or are just barely surviving here.

Postscript by Sheng Xue: With the United States effectively taking over Venezuela's oil sales and depositing the proceeds into a trust account audited by the US, this move represents a direct geopolitical contest between the US and the CCP, and objectively cuts off an extremely important and hidden economic lifeline for CCP elites, especially Xi's family. Secretary of State Rubio's