Political situation
Written by: Chen Jialuo
2020-08-25 07:00
Last update date: 2020-08-25 07:00Politicians always like to go to the newspaper and fight for exposure. For Zhang Junyong, every time he sees the newspaper, it is almost equal to another negative news, which is "something". In recent years, he has been involved in a number of US casino debt collection lawsuits. Recently, he added another one. The "shop king" Deng Chengbo filed a claim for a deposit. The judge ordered the freezing of Zhang Junyong's nearly 80 million assets.
Asked why Zhang Junyong likes "gambling", he said that it is just entertainment, not a pathological gambler. Losing money in a casino is only a small amount. "The most willing to lose is the stock. I net Tencent (0700) lost more than 100 million!"
You lose if you buy Tencent? He said that he was too trustworthy and not thoughtful enough. He sometimes made decisions about "housing", like stocks, like business, since casino debt collection lawsuits surfaced, even the hard-won seat of the Hong Kong People's Congress has been ruined. He described: "My political career is over."
Investing in high-tech in the U.S. is ``concerned''
The interview took place at Zhang Junyong’s media company located next to the Goose-Neck Bridge in Wanchai. He walked out of the garden platform and separated by a bridge. Opposite it was the headquarters of the Jin Chaoyang Center, which has a market value of 2 billion yuan. The group’s "prince" is Chen Huiling, and his husband is the youngest. The "former" port representative of the People's Congress.
The 50-year-old Zhang Junyong has been involved in lawsuits in recent years and has twice been filed for debt collection by US casinos, totaling more than tens of millions of Hong Kong dollars. With his background and financial resources, he could have settled privately. Why did he bring the matter to court? He said that he has been investing in high-tech companies in the United States in the past. It acquired Evergreen Solar, a solar industry company in the United States more than ten years ago. However, due to sensitive technology that cannot be exported, the company’s assets have been frozen and the Standard Chartered Bank account has been blocked in recent years. Entering the United States, causing cash outflow problems.
He questioned the series of incidents related to his election to the Hong Kong People’s Congress in 2017. He was particularly "concerned" due to his sensitive identity. The Committee on Foreign Investment in the United States (CFIUS) also wrote to him to investigate another company. I am so influential. Many banks have triggered my account, including Standard Chartered, because PEP (Politically Exposed Persons)...The solar energy company alone has already lost US$20 million."
Zhang Junyong said that the amount involved in the casino lawsuit is actually very small, but because of cash flow problems, it is impossible to cash out the repayment. "Actually, I lose most is the stocks. In 2018, I bought Tencent in a big deal, which fell from a high of 470 yuan to 250 yuan. All the people of Zhan Yu have cut their positions, and the net is Tencent lost over 100 million yuan!"
Since it is a "final count", why not ask your wife for help? As a Chaozhou native, Zhang Junyong immediately replied: "Public for public for private for private. It is clearly divided. I have a lot of assets, but there is a problem with cash flow. Everyone has a tacit understanding, and there is no money involved at all."
Former National People's Congress Representative Zhang Junyong re-wrote a debt dispute and was filed by U.S. casinos for about 8 million Hong Kong dollars
Unsuccessful equity transaction Zhang Junyong accused of guarantor and seller chased for 70 million yuan
[Interview] Two Casino Debt Collection Zhang Junyong Resigned from the Hong Kong People’s Congress: I am a victim of the Sino-US trade war
The Standing Committee of the National People's Congress will review the resignation of Zhang Junyong, the People's Congress of Hong Kong, and Tan Yaozong: Please resign and bear the responsibility for doing wrong
Zhang Junyong. (Photo by Lu Yiming)
Fading out of the institutional circle
After the casino debt collection lawsuit broke out, Zhang Junyong resigned at the end of last year as a representative of the Hong Kong People's Congress. He only worked for two years before and after. He said that it was a pity that he could not participate in the discussion of the Hong Kong National Security Law.
But when it comes to gambling money, he doesn’t regard it as a bad thing: “It’s just a kind of entertainment, a pastime for business and travel, but I’m not a pathological gambler..... My money in casinos is actually better than gambling on stocks and real estate Less is better."
Zhang Junyong pointed out that serving as a representative of the National People's Congress had to be "in vain" and decided to resign in order to avoid affecting others. However, admitting that casinos are "the most troublesome money" is a kind of vigilance for all politicians. Zhang Junyong, who has broken away from the mainstream of the establishment and is a member of the Pakatan Harapan Association, said frankly that he felt the warmth and warmth of human relations, and organized activities and social dinners were greatly reduced.
He said that he was not a political material, and he would not be too calculating. The biggest lesson of this incident is that any decision must be made carefully. In particular, he mentioned that Li Yanyan was hired as the CEO of Internet media, although it lost 2 million "so wet." , "Reflecting that I have problems with my way of doing things a lot of time, and I am too direct."
Zhang Junyong said that after experiencing the ups and downs in recent years, he hopes to start again at the age of 50, and will no longer have any expectations of politics. "Politics itself is never say no, but my political career is over."
Tencent Port District People's Congress Representative Jing Minlian