Prominent Chinese Executives Disappear Amid Stock Market Panic

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Bloomberg has recounted at least 36 Chinese companies reporting their executives missing between January and September last year. Amid the panic in China as their stock markets grind to a slow halt, some of the most prominent billionaires are disappearing.

This week another chairman has been reported missing. Zhou Chengjian, one of the wealthier of those to go missing, was chairman of the clothing company Metersbonwe. The company statement released last week stated their shares were about to be suspended on the Shenzhen Stock Exchange and that Chengjian’s whereabouts was unknown.

Several have gone missing recently, including the CEO of the telco giant China Telecom, Chang Xiaobing, and in November, Yim Fung, chairman of Guotai Junan International Holdings. Following the announcement of Fung’s disappearance, the company’s stock plumpeted by 12 percent.

Last year witnessed a growing corruption investigation, which some names of those missing have been announced to have been in police custody. Others have most likely fled the country in the midst of the government investigations to avoid sentencing.

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The current investigations have a murky presence. It is unclear if these investigations into the corruption are hunts to shift the blame on a floundering economy, or a legitimate effort to hold bankers and business executives accountable. Either way, many of those missing haven’t been claimed by those conducting the investigations, and with China’s dark past f sweeping up people in the middle of the night, anything is possible.


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7 COMMENTS

  1. Because China is one of the countries fighting for peace and against the West Ocult/Cabal. That’s why richest people are dissapearing. They are part of the elite that is fighting for humanity and against the other elites that want to kill people and make the New World Order.

    • Or the elite really want peace from a new world order. There’s no reason to keep using a failing system on a planet we abuse instead of use. Same with technology. I wish they would b hire engineers to run countries instead of politicians. Every human should be able to have the necessary implications to live a long and prosperous life. Take pride in knowledge instead of the money it brings you!!

  2. I think that is happening in all over the world… Some elite is trying to put the hands on more branches of profit. There is also a war to the top. CTF stands for Capture the Flag. because probably it can always be done. pown the concurrence/rivalry/competition rich or elite to grab more power. Why they don’t see that for a lot years might seem another story… maggets… now go there to see if that happens all the time

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