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Analysis: The Purge of the Zhejiang Financial Clique May Affect Li Qiang's Future.
Summary by 大纪元 Epoch Times
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A power struggle for the next top leadership of the Chinese Communist Party (CCP) has begun. Fang Xinghai, former vice chairman of the China Securities Regulatory Commission (CSRC), was recently purged, with mainland media revealing his involvement in the Ant Group's IPO. Fang Xinghai and current Premier Li Qiang are both from Wenzhou, and Fang's Zhejiang financial clique is currently being purged by He Lifeng, a powerful figure in the Fujian fi…
·New York, United States
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