Reports indicate that around the time Zhang Youxia and Liu Zhenli were detained, Wang Qishan also lost his freedom and is facing a secret investigation by a central special investigation group headed by Cai Qi.
Thirteen retired state-level elders, including Wen Jiabao, Zeng Qinghong, and Wang Qishan, attended a high-level political ceremony at the Great Hall of the People. Hu Jintao's absence has sparked various rumors regarding Beidaihe secret talks and power succession.
Wang Qishan, who had not been seen in public for a long time, attended the centenary of Jiang Zemin's birth together with other retired leaders at the vice-national level and above.
The American Diplomat magazine published an article stating that Xi Jinping has shifted his repression target to Wang Qishan, who is actually under house arrest in Beijing and has been "erased" from official media since October 2023.
Li Xiaohong, former private secretary of Wang Qishan and former secretary of the CCP's China Securities Regulatory Commission Discipline Committee, has been placed under investigation by the CCP.
Deputy Director of the State Financial Supervision Administration Zhou Liang falls; he worked with Wang Qishan for as long as 20 years.
Duan Weihong was introduced to Wang Qishan by Zhang Peili, wife of Wen Jiabao, and after 2008 began frequently having multi-hour tea meetings with Wang Qishan.
After completing his studies and work overseas, Zhu Yunlai was brought into China International Capital Corporation (CICC) by Wang Qishan, beginning his rapid rise in the investment banking field.
During the 1997 Asian financial crisis, Wang Qishan was transferred to address issues related to the financial system, and thereafter served in the financial system.
Representatives from five shareholders, including China Construction Bank and Morgan Stanley, signed the agreement at the Diaoyutai State Guesthouse in Beijing, with Wang Qishan serving as the first chairman, marking the official establishment of CICC.