Home / Be The Change / Money / Amid Stock Market Panic, Dozens of Chinese Billionaires Are Mysteriously Disappearing

Amid Stock Market Panic, Dozens of Chinese Billionaires Are Mysteriously Disappearing

Amid stock market panic in China, many of the country’s most prominent billionaires are disappearing without a trace. This week, Zhou Chengjian, the chairman of the clothing company Metersbonwe became the most recent wealthy Chinese businessperson to go missing. Metersbonwe said in a statement on Thursday that it would be suspending its shares on the Shenzhen Stock Exchange and that they were unaware of Chengjian’s whereabouts.

According to Bloomberg, as many as 36 companies reported executives missing from January to September.

Just a few weeks ago, Chang Xiaobing, the CEO of the state-owned telecoms giant China Telecom, resigned and then went missing. There were rumors that Xiaobing was taken by police or government agents in a widening corruption investigation that is touching every corner of the Chinese economy.

Back in November, Yim Fung, chairman and CEO of Guotai Junan International Holdings went missing, sending the company’s stock down 12%. Also in November, Chen Jun and Yan Jianlin, two senior executives of Citic Securities vanished without a trace.

In October, Zhang Yun, the president of the Agricultural Bank of China, also disappeared, however, it was reported that he was detained as a part of a corruption investigation.

Earlier this year, in June, Poon Ho Man, the CEO of China Aircraft Leasing Group went on vacation and never came back. He resigned while he was gone and has not been contacted since. Xu Jun, chairman of the department-store operator Ningbo Zhongbai is another Chinese executive who disappeared this year. It was confirmed by Xinhua news agency was being investigated for corruption at the time of his disappearance.

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Dozens of other wealthy executives throughout China have disappeared in the past year, many of them under different circumstances. It is apparent that there is a growing corruption investigation in which many of these executives are implicated. However, only a small number of them have been officially announced as being in government custody. With that being the case, it is likely that some of the executives have fled and are in hiding expecting that they will soon be jailed. It is also possible that the government is sweeping them up in the middle of the night, as secret police in dictatorships have been known to do throughout history.

Also, it is unclear whether these corruption investigations are witch hunts, designed to place blame for the declining economy, or if it is a legitimate effort to keep bankers and executives accountable for their actions. There is no doubt that the government was involved in whatever corruption may have been taking place, but as always they are in charge of the investigation so it is unlikely that any government agents or employees will be implicated.

John Vibes is an author and researcher who organizes a number of large events including the Free Your Mind Conference. He also has a publishing company where he offers a censorship free platform for both fiction and non-fiction writers. You can contact him and stay connected to his work at his Facebook page. You can purchase his books, or get your own book published at his website www.JohnVibes.com.

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  • Gone to their bunkers already..:'(

  • They’re just gone. When they dictate the way the market in China works, they become public enemy #1. As their market opened horribly this year, in fact invoking a market safety they recently put in place to stop the market outright for trading, of course the billionaires who invest internationally and buy up foreign interests are gonna get the finger poke. This is not new.

  • Alex Jones said that the elite were already leaving to their secret location. I think that was about a month and a half ago.

    • He said that in June. Then again in July. Then again in October. Alex Jones is a joke.

    • Mind you, he’s been saying that since 2011.

    • Alex Jones is an illuminati plant

    • He’s a joke….. and what he said is happening…ummm…. okay?.
      Illuminate?…. everyone’s one these days, right? Even a slice of pizza.

    • Haha^^^

  • Lets be honest, the U.S. has its own very serious problems. China is an easy way to mask it. Yeah they affect us, but comon our economy is in the shitter and gonna pop alot worse soon

    • They coincide. Global economy.

    • It’s always about us isn’t it…and the hell with everyone else

    • Jim Kennedy Yeah. I am getting really tired of that. I am an American person. I do not represent what our government is doing.

    • All im saying is we have to take responsibility for our actions. Saying its the government fault and not ours is only half right. Dont see many people doing anything about it. Im not trying to be negative, I want us to do well, but reality is reality

  • They are heading for the bunkers!!!!

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  • They’re taking out their innovators. This is going to just accelerate their economic collapse.

  • Has anybody checked their underground bunkers?

  • How about following the money for starters???

  • They either bugged out or have been murdered, that’s all

  • I would guess the Chinese government may have discovered ties to exploiting their gold-backed currency in an effort to make a land-backed currency.

  • They are getting out. I’m sure they each have a secret lair inside an extinct volcano on an remove island.

  • Who is John Galt?

  • It’s just the Chinese billionaire rapture…

  • No one else watched the fil 2012?? Their just first in line an want to make sure they are in the arks lol

  • As if they don’t know where Poon Ho Man is? He gone to get some poon from some ho’s man!

  • Matt Smith

  • More likely they know something an left all the little people to fend for themselves like all rich people think

  • Lets hope this spreads to the US.

  • discipline is rough in China!

  • Gee I wonder why maybe they took all the money and ran

  • Zabi Deh

  • Which some of the Americans one did too!

  • I’m not losing any sleep.

  • Don’t worry, they’re all up here in Vancouver destroying our economy and way of life

  • If they’re corrupt, they’re in a ditch with a bullet in their neck. Otherwise, look in Thailand.
    The US could learn a lot from China about how to deal with corporatists.

  • We should do the same here. Fuckers vanish all the time.

  • Hope they add Shenhua to the list!

  • David Dachpian

  • Billionaires you say

  • They are known to execute high ups if it goes bad.

  • hiding in their underground bunkers?

  • Check Vancouver

  • Based on Trumps admiration of Putin and KIM

  • people are catching onto the

  • their gambling addictions scheme and scams and they are running and or they got caught and people are taking them out hopefully

  • Who is John Gault?

  • They might be gathering in Galt’s Gulch.

  • Or going into bunkers

  • Way to go, China 🙂

  • Locked up because the government is afraid they will flee with all their cash because people are going missing and the government is suspect?

  • I wish ours would

  • Lets just hope the same ‘coincidence’ happens over here lol and see how the media reacts to that XD

  • He’ll save the stocks.

  • Ramon Spierenburg zieke shit

  • Check with Rodman and kim

  • Rats leaving a sinking ship.