Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

Secretary to Fallen Ex-Vice Finance Minister Himself Goes Down

By Wang Mengyao, Zhao Runhua and Tanner Brown / Jun 04, 2019 11:59 AM / Politics & Law

Beijing's Fourth Intermediate Court. Photo from the court's official website.

Beijing's Fourth Intermediate Court. Photo from the court's official website.

The rotten apple doesn’t fall far from the tree, it appears.

The secretary of China’s fallen former vice finance minister himself has gone down, receiving a two-year prison sentence for corruption.

Liu Xiaohua, secretary to convicted ex-Vice Finance Minister Zhang Shaochun, took 600,000 ($87,000) in bribes, a Beijing intermediate court said recently.

Liu’s 600,000 yuan pales in comparison to what his boss was convicted of. In December, Zhang — China’s longest-serving vice finance minister — pleaded guilty to accepting 67 million yuan ($9,700,000) in bribes, for which he was given a 15-year prison sentence.

Interestingly, secretary Liu was actually detained by police before the investigation in Vice Minister Zhang began. And the court said last week it was lenient on Liu because he cooperated with investigators and offered of details not known to regulators — though it stopped short of saying Liu ratted out his boss.

As for Liu, his briberies were bread-and-butter kickbacks. In 2010, an entrepreneur gave Liu 200,000 yuan cash in a Starbucks in Beijing to get his son into a leading higher education institution.

Liu also accepted 300,000 yuan in cash and shopping cards worth of 100,000 yuan in exchange for favors including attempting to persuade leaders at the Postal Savings Bank of China to allow a private company to become a strategic investor of the bank’s Hong Kong IPO.

Related: China Pushes to Restore Morale at Corruption-Tainted Science Institute

Share this article
Open WeChat and scan the QR code