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The Chinese Communist Party Should Fade Into History Peacefully, Avoiding Violence and Minimizing Social Unrest
Zheng Yefu, January 25, 2019
“Now it’s time to lay it bare: You can’t fool the Party into starting this journey, nor can you allow the calls for political reform that lack a clear final goal to numb the minds of the people.”
I. Why Hasn’t Political Reform Happened?
In the late 1970s, China undertook a reform; the main elements were the restoration of the household production system in rural China [that allowed individual families to take control of their farming], opening up the private economy, and allowing farmers to go into the cities to find work. In the early 1990s, seeing that it was likely that this reform would run aground, Deng Xiaoping once again pushed a reform agenda, which was known as “reform of the economic system.” As for corresponding political reform, Deng Xiaoping and the leaders that came after him all mentioned it in succession, and even said: “Without successful reform of the political system, reform of the economic system will be impossible to carry through to the end.” Subsequent history proved this argument.
It is precisely because political reform did not happen in China that “reform and opening up” fell far short of meeting people’s expectations, and the developments up to the present have led to a fear of further regression. Why did political reform always remain in the realm of words, with not even one step taken towards action? The truth is actually quite obvious, but unfortunately, it seems that it was never clearly pointed out.
When referring to political reform in speeches, the above-mentioned leaders meant the following: first, the separation of Party and government and the separation of government and enterprise; second, decentralization of power, avoiding excessive concentration of power; third, improving the legal system; fourth, initiating social and political consultations.
Why did these leaders propose political reform? Because they realized that if rule of law is lacking and power is abused, then social and economic life cannot get on the right track.
But why, ultimately has political reform not been implemented? Because intuition has also told the Communist Party leaders that every component of political reform weakens the Party. First, the separation of Party and government, and the separation of government and enterprise, means that the Party is losing power to others, and that the Party will lose control of the administration of the state and the society and economy. Second, the soundness of the rule of law will, on the one hand, guarantee citizens’ rights and freedoms such as speech, association, assembly, and demonstration, and on the other hand, limit the sphere of action of the Party. The society will not be completely controlled by the ruling group as in the past. Third, once genuine political consultations are initiated, it’s possible the Communist Party’s views will fall into a disfavored position. In order to avoid such a situation, the Party leaders eventually created political consultations in form only, in which they had the final say. Fourth, in the competition with the Party’s internal and external opponents, the rulers are increasingly firmly convinced of this: in order to suppress and respond to the trend of social diversification, democratization, and liberalization, even internally the Party cannot practice democracy and must concentrate power.
Before the reform of the economic system, and afterwards too, it’s difficult to say that most of the Communist Party’s guiding principles and policies have been in the fundamental interests of the vast public. But ahead of us there is something that is in the common interest of both the broad Chinese public and the Party, and that is, the Communist Party should fade into history peacefully, avoiding violence and minimizing social unrest. I think that the one great thing the leaders of the Chinese Communist Party can do that would enter the annals of history is to honorably and with dignity lead the Party off the historical stage.
During its 70-year rule, the Party has brought too many disasters to the Chinese people. And as the Party has evolved up until now, its power structure as well as its ecology have predetermined that it can no longer deliver excellent leaders for Chinese society at all levels; it has almost completely lost its self-correcting mechanism. Its nature has already completely degenerated: for a long time it’s been a group that lacks belief; people join the Party to become officials, and they defend the Party to protect vested interests. The mindset of preserving power at all costs ruined the souls of those involved: hatred of different political views grows ever stronger, and the fear of a crisis has led to their own dysfunction.
The path to escape the shackles on their souls is to strive to melt the Party into the larger society.
However, to make the Party that has ruled Chinese society for 70 years end the one-party dictatorship by itself, there will be a long period of transition. During the transition period, the Party will necessarily be the one to guard social order. This transition period will allow other political forces to emerge, preparing to launch real and meaningful political consultations. Every school of thought and political faction can have its own ideas, but China’s blueprint for the future, and the path it will forge, can only be produced through negotiations involving many political groups.
Don’t we already have the “Chinese People’s Political Consultative Conference” (CPPCC)? It is difficult in this world to find a business like the CPPCC that squanders taxpayers’ money and is so hypocritical, contrived, pointless and boring, and deceptive. I’m speechless as how to describe it. If the rulers had courage and confidence, they should either disband the CPPCC and engage in a real one-party dictatorship; or give different political factions a platform for dialogue and engage in real political consultations.
Ending autocracy is in the interest of the Chinese people, but bloodshed and turmoil are not. A peaceful transition is in the interest of the Communist Party, because it is the only dignified path of retreat.
In sum, pursuing prosperity while fearing for its political security has resulted in the Party professing interest in something it fears for more than 30 years, and swaying to and fro, left and right, in the economic and ideological fields. However, in the past few years, the seesawing has come to a halt at the left side because the Party leaders realized that the private economy and the liberalization of thought bears a threatening and close relationship to the survival of the Party. In contrast to the increasingly stereotypical conduct of the power oligarchy, the call for political reform has not declined at all in society. Unfortunately, the latter has been weak at best. It’s been weak because everyone is scared; it’s been weak because those few in the know have stopped short of telling the whole truth. Chen Ziming (陈子明) said: We should promote democracy together with the Communist Party. Zhou Duo (周舵) advocated Party-led constitutional government.
Just exactly what will the position of the Communist Party be when democracy and constitutional government are realized in China? Now it’s time to lay it bare: You can’t fool the Party into starting this journey, nor can you allow the calls for political reform that lack a clear final goal to numb the minds of the people.
II. Rarely Seen Common Interest of the Party and the People
The core of the theory is “the Communist Party of China must always represent the fundamental interests of the overwhelming majority of the Chinese people.” Unfortunately, during most of its rule, the Party’s principles and policies have not represented the interests of the vast majority of the Chinese people. Property rights are the greatest manifestation of interests. In the rural areas, through the chain of land reform, mutual aid groups, cooperatives, and people’s communes, the land has changed from privately owned to state-owned. In the cities, private economy vanished following the public-private partnership movement. The benefits of the economic reforms of the 1980s proved that the above-mentioned two revolutions seriously violated the fundamental interests of the Chinese people, and suppressed their zeal for production. Otherwise, why would there have been a need for reform to begin with?
So after the reform, did the policies represent the interests of the vast majority of the people? When land was nationalized, what did the government do? Creating revenue by selling land. It sold lots at high prices to real estate developers. This is the first cause of excessive housing prices in China and a great portion of the population became slaves to their mortgages. Isn’t it too tyrannical to say that a policy that enriches the state and impoverishes the people is in the fundamental interests of the overwhelming majority of the Chinese people?
Has there ever been a policy of the Communist Party that has been in the fundamental interests of the Chinese people? Yes, but it really is rare; that was the reform of the economic system in the late 1980s. I stated the following view at a seminar in 2008: top-down reform is not common; it is a rare thing because the reform aspirations at the higher level and motivation to reform exist only in rare moments. For 60 years, from 1949 to today, only once did I see a time when most of the people in the ruling class had reform aspirations, and that was in 1978. Just once.
What was the motivation for the reforms in 1978? Because they were at a point at which they could either choose to reform, or see the Party demise. “If the Party falls, so does the nation” is the axiom so often repeated by the state propaganda machine. But there is no such thing as the demise of the country. The age of colonialism is all but in the past; China and its people no longer face the same threat of extermination. It’s the Party that is going down. Thanks to its dismal management of the country, there are so many people who can’t make ends meet. What happens if the Party falls? The Party will fade into history. Of course, they want to avoid that scenario, so reform was implemented.
We can credit Mao Zedong for creating this consensus among them: Mao, in his dogmatic ways since 1956, had drawn himself ever further apart from his colleagues. No one except for the bootlickers and careerists were inclined to support him. By the time of his death, he had driven upwards of 95 percent of the people within the Party into the ranks of a hidden opposition. The end of Mao led the other senior officials to jointly discuss how they should move away from Mao’s political line. I have yet to find a second dictator in history whose subordinates stood together in such unity after his death. It is extraordinary and rare: the Party elders were of one mind, working in concert to turn things around.
Reform is not a novel concept: going back to 1956, and even earlier. In the Ming and Qing dynasties (1368–1911), and all the way back in the Qin Dynasty (221–206 B.C.), household production system had been the model for agricultural production. Throughout history, there had been a private economy that existed to varying degrees in urban areas. Reform isn’t some sort of groundbreaking thing, it’s actually conservatism: look at what the ancients did and follow the path they took. It’s just that Mao Zedong introduced his utopian thinking that repudiated common sense. This thinking led to constant disagreement during the reform period despite the broad consensus; as a result, the general secretary [of the CCP] was replaced time and again. Today, that rare moment of consensus that once permeated the leadership is gone; they will not come to this kind of understanding again. What reason do we have to hope that any new top-down reforms can be sustainable?
III. Successful Transition Requires the Cooperation of Two Forces
No discussion regarding the end of the one-party dictatorship in Taiwan can do to omit Chiang Ching-kuo (蔣經國). At the same time, the Taiwanese themselves firmly deny the notion that the course of their history was shaped by one individual. They think that Chiang would not have made that choice if not for the perseverance of Taiwan’s democratic activism as well as the massive pressure that arose from the social diversity at the time. I am of the same opinion.
The ruler is created by the ruled, and vice versa. Ruler and ruled sculpt one another, together creating a vicious circle. The ruler bears most of the responsibility, but his wantonness is also induced by the meekness and submissiveness of the Chinese themselves. They have spoiled the CCP too much. Only when we the vulnerable speak up can China escape this vicious cycle. If there is no pressure from outside [the political system], no demand for the independence of the press or tolerance of opposition parties, there can be no change: Even supposing the Party leader himself is willing to reform, he would encounter opposition from his colleagues — they would think that he has gone insane. It needs not be said that without external impetus, the idea of reform will never occur to them. If we don’t voice our opinions and exert pressure, we don’t deserve to see the dictatorship come to its end.
On the other hand, a wise leader is needed to bring a peaceful end to dictatorial Party rule. Otherwise, violence will be inevitable. It is hard to say if this sort of positive development has much probability of occurring, but at least there’s the possibility, since those in the upper echelons of power know the truth, better than anyone on the outside, that the Party can hardly change its ingrained habits. For the Party to voluntarily give up its power in a way that saves face would be a win-win outcome.
There’s a third “win” involved: I have always believed that politicians must possess ambition. For one’s name to be honored by history should be enough to satisfy the ambition of any politician. This is the best way out for the Chinese people, the Party, and the Party leader.
Being the Party leader though, it’s really no easy task to take the Party on this path. The challenge comes not necessarily in the form of opposition from the outsiders, but the lack thereof, which is also a consequence brought about by the Party itself. As it doesn’t face any credible opposition, it has little reason to choose the path of ending its rule.
This is also the reason why I have decided to “poke through the paper window” and point at the truth hidden within. Let us gather and pool our efforts to take the single path that will lead to an amicable resolution. This opportunity will not last long.
IV. Blame Not He Who Speaks But the Wise Men Who Remain Silent
It is written in the Chinese constitution that the “socialist system is the basic system of the People’s Republic of China.” and that “the leadership of the Communist Party of China is the defining feature of socialism with Chinese characteristics.” Given that the central theme of this article goes against the words above, should I be considered a criminal for writing it? No, because it is an expression of opinion and not an action. There should be no such thing as a thought criminal in a civilized country.
The Thirteenth People’s Congress convened in 2018 is instructive. There used to be a rule in the constitution limiting the number of presidential terms, and a motion to remove the term limit was proposed prior to the conference. Is it a crime to suggest a constitutional amendment to the presidential term limit? No. I am in favor of terms being limited, but I don’t think it’s wrong to suggest any amendment to the constitution. The characteristic of the law is that it is authoritative and inviolable under a specific setting, but it also progresses along with the course of history and as such is subject to revision. The process of revision is dependent on the ability of citizens to freely discuss and criticize the laws, so long as their criticism remains in the realm of speech and not action as this would be illegal.
While I write this primarily in my own self-defense, I also write them for the people who came before, or will come after, me. For a peaceful transition to become reality, China needs citizens who abide by the law. I am such a citizen. Everyone shares a collective responsibility for the welfare of the nation, as it’s said, and this is one of the reasons I wanted to write this article. A humbler reason is to allow myself some semblance of self-respect. Over the years I have scribbled millions of words. How could I forgive myself if I fail to write a few words on the one question that has been on my mind for so long, the question that concerns the future of our country?
In January 1948, three months after the CCP published the “Outline Land Law of China” (《中国土地法大纲》), late Chinese sociologist Fei Xiaotong (费孝通) wrote an article titled “Standards for a Moderately Prosperous Society Free of Hunger and Cold” (《黎民不饥不寒的小康水准》) to argue against violent land reform. He wrote: “History is not always reasonable, but in any historical setting there has always been a reasonable solution available. Whether history can develop along a reasonable course is dependent upon whether people can make rational choices. Those in the position of scholars have the responsibility to point out rational solutions, while it is up to the politician to bring it into history.”
I don’t believe we’ve reached the point where we can hold the politicians responsible for everything. This is because at present, the intellectuals have yet to fulfill their duty. Had they stayed true to their conscience and mustered the courage to speak their minds, China would not be in the state it is in today.
Drafted August 2018; finalized December 2018.
Zheng Yefu (郑也夫) was born in 1950 in Beijing. He was one of the 17 million “educated youths” sent down to the countryside, and served in the Heilongjiang Construction Corps. He is now a retired sociology professor from Peking University. The Chinese version of the article can be found here.
A Great Shift Unseen Over the Last Forty Years, Xiang Songzuo, December 28, 2018.
Bid Farewell to Reform and Opening Up –– On China’s Perilous Situation and Its Future Options, Zhang Xuezhong, translated by Andrea Worden, January 7, 2019.
An Interview With Xu Youyu: ‘The Worst Is Yet to Come’, China Change, October 31, 2018.
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Open Letter: Call for Investigation Into HNA Group’s Activities in the U.S. and Probable Links With Corruption at Top of Chinese Communist Party
China Human Rights Accountability Center, August 15, 2017
Updated on October 19, 2017
We are writing this open letter to express our deepest concerns about the highly suspicious activities of the HNA Group (HNA) in the United States, including the lack of transparency of its ownership, the unclear nature of its plan for charity work, and allegations of large-scale corruption. Based on the mandate of the Global Magnitsky Human Rights Accountability Act, other relevant laws, and in the service of public interest, we strongly urge Congress and relevant administrative agencies to investigate and uncover the true nature of the HNA Group, its asset sources, and intended uses in the United States.
Headquartered in the capital city of Hainan Province, an island off mainland China between the South China Sea and the Gulf of Tonkin, HNA Group started in 1992 as a state-owned enterprise doing business primarily in airlines and tourism. It was re-incorporated around 2000 and began expanding its assets rapidly and mysteriously.
In the last decade alone, the HNA Group transformed itself into the largest acquirer of foreign assets in the U.S. and one of the largest worldwide. The HNA Group is heavily funded by Chinese state-owned bank loans, which have enabled it to leverage into completely unrelated business sectors. With acquisitions, its rank in the Fortune Global 500 list climbed from No. 464 in 2015 to 170 in 2017, and is projected to reach the top 100 in 2018. It is reported that HNA Group’s current total assets exceed $150 billion.
HNA’s ultimate target is to be one of the 10 largest companies in the world, according to its CEO Adam Tan. HNA’s sprawling portfolio now includes Ingram Micro, Avalon, Deutsche Bank, and Hilton Worldwide, to name a few. Its transactions and activities involve former White House Communication Director Anthony Scaramucci and other high profile luminaries including George Soros, David Cameron, and Nicolas Sarkozy. However, HNA remains behind a heavy veil, despite its incomprehensible success. It failed to make any clarifications when various journalists repeatedly raised questions about its ownership structure or how it made its fortune.
We are writing this letter out of concern over what appears to be one of the most generous donations to a U.S. foundation in the history of philanthropy, and its potential connections to unprecedented massive corruption.
On January 31,2017, New York Times first reported that HNA’s largest single shareholder was Guan Jun (贯君), a mysterious man who is alleged to be tied to China’s anti-corruption czar Wang Qishan. In June, the Financial Times also reported that Guan Jun purchased 29 percent of the company last year from Hong Kong-based businessman Bharat Bhise. Neither HNA nor Bhise revealed how the stake changed hands up to this transaction.
Only after the Chinese and foreign media began to focus on HNA’s ownership did the company finally release an open letter on July 24 to its employees, associates, and consumers; but even then, it did not list Guan Jun as the largest shareholder. When probed about the disappearance of Guan Jun’s share by a reporter from China Business Network, HNA said Guan is a “private investor” who owned some of the company’s shares, which has now been donated to the Cihang Foundation in New York.
This was confirmed by another Financial Times interview with HNA’s chief executive Adam Tan, who told the British newspaper that a Chinese citizen had donated $18 billion of the ownership of HNA—29 percent of the shares of the HNA Group of China—to a private foundation based in New York: the Hainan Cihang Charity Foundation, the company’s charitable arm in the United States. According to HNA, 53 percent of the company is owned by Cihang foundations, including a 22.8 percent stake held by a sister charity in China. The foundation registered with the New York Department of State on December 7, 2016, and it is currently applying for federal tax-exempt status with the Internal Revenue Service. The foundation says it will support a number of efforts, including anti-poverty work. Suspiciously, its three initial directors are all top executives of HNA, as reported by Wall Street Journal.
To put the size of the donation in context, a single donation of $18 billion will make the New York Cihang second only to the Bill Gates Foundation, the largest private foundation in the world. Cihang foundations — the New York Cihang and Hainan Cihang — now hold tens of billions in total assets.
What was not explained, however, was how the donor Guan Jun, a man in his 30s, acquired such a large share of one of China’s biggest companies in the first place. According to Hong Kong corporate filings, Guan Jun’s registered residential address is a simple apartment in what New York Times reporters found was a dingy, trash-laden building in Beijing, while his business address was registered in the “Oriental Aphrodite Beauty Spa”, a street-side salon in a residential neighborhood in western Beijing. Both proved to be very dubious; Guan does not appear to be the owner or resident of those locations. When asked some of these questions by the Financial Times in a telephone call, his answer was “It is inconvenient to answer any of your questions.” In a YouTube video posted after this letter was first published, Guan Jun supposedly denied his connections with government officials, but never mentioned how and when he could possibly have amassed such a princely sum of wealth. Curiously, the source of the professionally produced video was not identified, and neither was the video acknowledged by HNA.
In the interview with the Financial Times, Tan made the surprising admission that Guan, and another shareholder, Bharat Bhise, had never really owned the shares, “but had just held the stake for us.” This claim is inconsistent with the HNA spokesperson’s statement. It remains to be examined how these shares were obtained from HNA, a former state-owned enterprise that had undergone government-managed privatization. HNA’s true relationship with Guan Jun also remains unsettled — HNA claims he does not work for the company, but according to media reports, he serves as co-chairman with the son of HNA’s Chairman Chen Feng in a peer-to-peer financing platform owned by HNA. Recent New York Times Reported that shares that Guan Jun held originated from companies affiliated with Chen Feng and his family.
Doubts about the company’s unclear ownership structure and allegations of corruption have recently caused Bank of America to decide not to do any business with the Chinese conglomerate. Meanwhile, the European Central Bank is reportedly investigating HNA’s nearly 10% stake in Deutsche Bank. Goldman Sachs, longtime partner of HNA, recently suspended its IPO work for a HNA unit on due diligence concerns.
On top of this, the New York Attorney General pointed out that the group had not registered in the state as a charity, as required by law, and asked it to do so within 20 days or explain why it has not done so. HNA argued that it was not required to register by Executive Law because it did not intend to raise funds from third party, after the first explanation that the foundation couldn’t register because it hadn’t yet received its federal 501(c)(3) status, a tax exemption of nonprofit organizations, which is pending.
More recently, in September, the Swiss Takeover Board (Übernahmekommission) requested HNA to explain its ownership structure. It is concerned that HNA is a “white glove” that holds wealth for the powerful.
Although Chinese citizens are effectively prohibited from asking questions about HNA and its business and political affiliations, there is little doubt that this conglomerate needed close ties with senior leaders of the Chinese Communist Party to achieve such spectacular growth. There is no other possible explanation for how HNA could obtain a seemingly unlimited line of credit from all major state-owned financial institutions in China. Most Chinese people are prohibited from knowing the nature of the HNA transactions. Those who are aware of the hidden fact are outraged by such an abnormal transfer of assets — possibly a grand embezzlement of public wealth — but they are too afraid to protest or speak up because they fear the potential backlash from the individuals who genuinely control the HNA assets, who are likely connected to the very top of the communist regime.
For Congress and the administration, HNA’s unprecedented, massive corruption and dubious transfer of large assets to a U.S.-based “charity” should sound an alarm: Cihang foundations control over 53% of HNA, making Cihang a shell holding company of HNA, one of the top companies in the world, not a charity.
We suspect that HNA’s largest shareholder Guan Jun may have acquired his 29.5% share ownership by siphoning off public assets through government-manipulated privatizations, because public records provide no evidence that he purchased these shares fairly.
Consistent with Guan Jun’s murky identity, only very high level political privileges can explain why HNA was able to grow at a parabolic rate, fueled by bank lending and easy access to hard currency, despite China’s tight capital controls. HNA’s chairman of the board, Chen Feng was a former PLA officer, worked under Wang Qishan for a project of the now defunct China Agriculture Trust Investment Co., and has “been a delegate to three national congresses of the Chinese Communist Party since 2002, spanning the presidencies of Jiang Zemin, Hu Jintao and Xi Jinping”, as reported by Nikkei. HNA’s business took off when Wang Qishan became Hainan’s Party chief in 2002. In Chen Feng’s most recent public appearance, he accompanied Xi Jinping on Xi’s state visit to the U.K in 2015, where he was received by then-Prime Minister David Cameron on the same stage with Xi. HNA filed a lawsuit in New York in Augustus 2017, denying allegations that Wang Qishan or his nephew Yao Qing is the controlling shareholder of HNA Group, directly or indirectly. Public records found online show that Yao Qing has several transactions with HNA subsidiaries and affiliates.
HNA bypassed scrutiny while acting as a state sovereign investment company. On the other hand, given the opacity of the ownership and its special connections, we are concerned that it could very well be controlled by individuals and families connected with the top of the Chinese Communist Party (CCP), operating through a shadowy Guan Jun. Cihang will provide a shelter for CCP leaders’ families to retain their wealth, which they could only have obtained through corruption. Cihang may thus become a beachhead for the CCP to influence the U.S. government and public.
If this is the case, such an entity would be liable for examination per the Global Magnitsky Human Rights Accountability Act, passed in December 2016 (NDAA 2017, section 1261-1265) as the law aims at sanctioning officials or their senior associates who have committed “expropriation of private or public assets for personal gain, corruption related to government contracts or the extraction of natural resources, bribery, or the facilitation or transfer of the proceeds of corruption to foreign jurisdictions.”
Therefore, we ask the U.S. Congress and the administration to support the following:
- Conduct an independent investigation into all transactions and assets held by HNA and its U.S. -based business affiliates in connection with alleged corruption by CCP leaders;
- Conduct an independent investigation of the source of funding for HNA and Cihang’s U.S. operations in connection with alleged corruption by CCP leaders;
- Hold an open hearing through the U.S. Congress regarding the above investigations;
- Suspend approval of HNA’s application for the tax-exempt status until the completion of the above investigations;
- Suspend approval of all HNA’s business mergers and acquisitions in the United States until the completion of the above investigations;
- Audit HNA’s U.S.-based companies, NY Cihang Foundation, and Guan Jun’s donation and suspend their operations in the U.S. until the completion of the above investigations.
China Human Rights Accountability Center
Contact: Fengsuo Zhou, Email: firstname.lastname@example.org
The China Human Rights Accountability Center was formed in January 2017 by a network of Chinese activists, primarily based in the U.S., to promote and assist the implementation of the Global Magnitsky Human Rights Accountability Act.
Financial Times: HNA chief shrugs off regulatory and ownership concerns
Financial Times: Who owns HNA, China’s most aggressive dealmaker?
Financial Times: Goldman Sachs suspends HNA work on due diligence concerns
Financial Times: ECB probes HNA and Qatar Stakes in Deutsche Bank
Financial Times:Former HNA shareholder denies Beijing ties
New York Times: Behind an $18 Billion Donation to a New York Charity, a Shadowy Chinese Conglomerate
New York Times: HNA dealing with Scaramucci, first report of Guan Jun
New York Times:Mounting Questions About Who Controls HNA, a Top Chinese Conglomerate
Regulatory filing of AID in Hong Kong, a HNA shell lists Guan Jun as shareholder
Wall Street Journal: HNA has deepened the uncertainties around the New York foundation that is its biggest shareholder by changing its reason for not registering yet with the state.
Bloomberg:Bank of America Halts Deals With HNA Amid Debt Concerns
Wall Street Journal: HNA’s Biggest Shareholder Doesn’t Really Exist Yet
Bloomberg: Don’t fly in the dark, HNA
Bloomberg: HNA’s NYC Charity Owner Told by A.G. to Register With State
Bloomberg:HNA is not going to raise funds in New York State
HKEJ:The ties that bind: HNA’s Chen Feng and his rise to power
Fortune: You’ve Never Heard of HNA Group. Here’s Why You Will
Global Magnitsky Human Rights Accountability Act
Nikkei:Questions mount over HNA’s financial engineering
Why HNA is on a buying binge?
Hainan Cihang registration at New York Department of State.
Cihang’s tax filing, 2016
Video appearance of Guan Jun, HNA’s main shareholder.
HNA lawsuit against Guo Wengui