Monetizing Power · Full chronicle and history

Ma Xingrui was officially announced to be "expelled from the Party and public office" (expelled from Party membership and dismissed from public office). The notification disclosed issues involving his relatives, close staff, cadre appointments, and engineering contracts, and pointed out that he did not truthfully explain issues during organizational inquiries.

Beijing ZhanYing Information Technology Co., Ltd., chaired by Ma Xingrui's younger brother Ma Xingquan, has completed its deregistration procedures.

Three days after acquiring full equity in the Yuemeng project, Huacheng Group resold it to Evergrande, with the transaction involving an M&A fund established by CITIC Bank.