Family Member of Party Leader Strikes Lucrative Business Deal

中共领导人家人从商业交易中大笔获利
Family Member of Party Leader Strikes Lucrative Business Deal

来源：华尔街日报    2012-12-27

        The movement between business and politics cuts both ways in China: Communist Party leaders have gotten involved in moneymaking enterprises, although such activities aren't easy to track.         在中国，政界和商界的流通是双向的，一些中共领导人与盈利的企业存在牵连，不过这类活动并不容易被追踪到。         Neither top party officials nor their relatives are required to publicly disclose their finances, so it is difficult to determine how wealthy some have become. A previously unreported transaction involving onetime party highflier Bo Xilai suggests how political families can accumulate riches.         中国高级官员和他们的亲属都不需要公开财务状况，所以很难知道其中的一些人到底有多少财富。不过，一桩被首次曝光的与前中共高官薄熙来有关的交易为人们了解中共高官家庭如何积累财富提供了线索。         Mr. Bo, the former Communist Party secretary of Chongqing, is now facing criminal charges after Chinese authorities accused him in September of a series of offenses, including bribe-taking and interference in a murder investigation involving his wife.         前中共重庆市委书记薄熙来即将受到刑事指控，中国政府今年9月称薄熙来从事了一系列违法行为，包括收受贿赂，以及在其妻子故意杀人案的调查中滥用职权等。         In early 2008, his administration in Chongqing initiated transactions to privatize a state-owned retail conglomerate, according to official statements and corporate filings. When the reorganization was over, a private-equity firm co-founded by the son of Premier Wen Jiabao and its partners ended up with the largest private stake and a big profit, according to an analysis of public records about the deal.         据官方声明和公司备案文件显示，2008年初，他领导的重庆市政府对一家国有大型零售企业实施了私 有化交易。对有关这笔交易的官方记录的分析结果显示，重组完成后，由中国总理温家宝的儿子参与创办的一家私募股权投资公司及其合作伙伴取得了最多私人股 份，并从中大笔获利。         The transactions began when officials in Chongqing's government who answered to Mr. Bo sold shares of a state-run grocery and electronics chain to an investment group led by New Horizon Capital LP, a firm founded by Premier Wen's son, Wen Yunsong.         上述交易是从薄熙来手下的重庆政府官员参与的一笔交易开始的。这些官员把一家国有经营百货和电子产品的连锁企业的股份卖给了新天域资本(New Horizon Capital)旗下的一家投资机构。新天域资本由温家宝的儿子温云松创办。         After first buying 25% of the chain-store business, the New Horizon-led group increased its holdings to 39%, according to regulatory filings and government reports. The investment group effectively became a partner of the Chongqing government in the retail business.         监管机构备案文件和政府报告显示，在最初购买了这家连锁商店25%的股份之后，新天域旗下的投资机构把持股比例增加到了39%。这个投资机构实际上成为了重庆政府运营这家零售企业的合作伙伴。         In October 2009, Chongqing Department Store Co., a bigger retailing group also controlled by the local government, bought the chain in a 3.921 billion yuan ($574 million) all-stock merger. That deal valued the private-equity group's initial 25% stake at 980 million yuan, almost 2.8 times what it had paid 18 months earlier.         2009年10月，由重庆政府控股的更大型零售集团重庆百货(Chongqing Department Store Co.)通过一笔39.21亿元（合5.74亿美元）的全股份合并收购了这家连锁企业。这笔交易对这家私募投资机构所持有的最初的25%股权的估值为 9.8亿元，差不多是18个月前所支付的价格的2.8倍。         The merger gave the investment group led by New Horizon partners about 17% of Chongqing Department Store, making it second-largest shareholder after the government in a giant retailer that is a version of Macy's combined with Wal-Mart Stores Inc.         这笔交易让新天域旗下的投资机构获得了重庆百货17%的股份，使其成为这家大型零售公司的第二大股东，仅次于重庆政府，这家大型零售商的规模相当于梅西百货(Macy's)和沃尔玛( Wal-Mart Stores Inc.)两者的结合。         New Horizon, Chongqing Department Store and the Chongqing government didn't respond to requests for comment. Mr. Bo cannot be reached.         新天域、重庆百货和重庆市政府没有回复置评请求。记者无法联系到薄熙来。         Before Mr. Bo was stripped of his party positions, his administration appeared less tolerate of Wal-Mart, a competitor to Chongqing Department Store, jailing a number of its local employees last year over alleged mislabeling of pork. Wal-Mart didn't deny the pork was mislabeled and took a number of steps to respond to the local government's allegations, including refunding money to customers who felt wronged.         在薄熙来被免去党内职务之前，他所领导的政府对重庆百货的竞争对手沃尔玛似乎很不友好。去年，重庆逮捕了几名被指为猪肉贴错标签的当地员工。沃尔玛并不否认猪肉标签被贴错的实施，也采取了一些措施回应了当地政府的指控，比如向认为自己被骗的消费者退款等。         When Mr. Bo was dismissed from his position as Chongqing party secretary in March, Premier Wen publicly criticized him.         今年3月薄熙来被免去重庆市委书记一职时，温家宝曾公开批评薄熙来。