Miles Guo mentioned that all the families in power in the Chinese Communist Party (CCP) are involved in Lufax.
In particular, the Wang Qishan and Zhu Rongji families have mastered the CCP’s financial and intelligence for nearly 50 years. The current turmoil in the digital currency market is the revenge of the CCP. Before Lufax was delisted from the U.S. stock market, the CCP spent $1.7 billion to avoid this disaster, but it failed.
The CCP stated that it would give up, but behind it, there were many parties, waiting for an opportunity to retaliate, using Lufax to make the stock market turbulent, causing the digital currency to plummet.
Lufax is essentially a financial intelligence crime center, and all transaction data has no credibility. In order to stay in business, it does not hesitate to collect financial privacy for extortion.
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