Dealmaker linked to Zhou Yongkang case had ties with ex-vice-president
Dealmaker linked with former security tsar also has business ties with family of Zeng Qinghong
Wu Bing , a high-flying dealmaker implicated in the investigations of former security tsar Zhou Yongkang and his allies, has business ties to relatives of former vice-president Zeng Qinghong, according to corporate records and other public information.
But observers have linked his detention to the widening probe of allies of Zhou, a retired Politburo Standing Committee member. They include former Sichuan deputy party boss Li Chuncheng and former deputy governor Guo Yongxiang , Zhou's former top aide.
The South China Morning Post has reported that Zhou is being investigated by party disciplinary authorities, although it remains unclear what, if any, action authorities will take against him. Wu is believed to have financial ties to Zhou.
Records in the public domain show that Wu has overlapping business interests with the family of Zeng, who was a former patron of Zhou. Zeng, 74, was vice-president and a member of the Politburo Standing Committee until five years ago.
Wu's business empire, under the banner of Zhongxu, covers a wide range of industries including power station construction, real estate development and entertainment, according to mainland media reports and public documents. A subsidiary, Zhongxu Limited, is registered in Hong Kong.