Former vice president of Shanghai Chengtou (Group) Limited Company and former vice chairman of well-known real estate enterprise Greenland Holdings, Hu Xin, has been arrested on suspicion of bribery over four months after falling from grace.
According to a report on December 2nd by the official website of the Supreme People’s Procuratorate of the Communist Party of China, the investigation into the bribery case involving Hu Xin, former vice president of Shanghai Chengtou (Group) Limited Company, was concluded by the Shanghai Municipal Supervisory Commission and transferred to the procuratorial organs for examination and prosecution. Recently, the First Branch of the Shanghai Municipal People’s Procuratorate made the decision to arrest Hu Xin on charges of bribery.
On July 22nd this year, Hu Xin was officially investigated; three months later in late October, he was expelled from the party, removed from public office, and transferred to judicial authorities.
At the time of the announcement, it was reported that Hu Xin had tampered with evidence to obstruct the investigation, disregarded regulations on official trips abroad by changing routes without authorization, and abused his power for personal gain by utilizing his position for the benefit of others in project contracting and qualification approval, while also accepting large amounts of money from others.
Public records show that Hu Xin, born in February 1967, is of Hui ethnicity and a native of Chaohu, Anhui Province. He began working in July 1987 and had a long career in the Shanghai water system, serving various roles such as Director of Science and Technology Department of Shanghai Water Bureau, Director of Flood Control and Safety Supervision Department, and Deputy Chief Engineer of Shanghai Dyke (Pump Gate) Facilities Management Office.
In May 2017, Hu Xin was appointed Chief Engineer of the Shanghai Water Bureau and the Shanghai Ocean Bureau.
At the end of May 2021, Hu Xin was transferred to the position of vice president of Shanghai Chengtou (Group) Limited Company. Shanghai Chengtou assigned him to Greenland Holdings as a director and vice chairman. His tenure at Greenland Holdings was from May 26, 2021, to February 16, 2025, but he did not receive any salary from Greenland Holdings.
It is worth noting that in September of last year, Bai Tinghui, Secretary and Director of the Shanghai State-owned Assets Supervision and Administration Commission, was also taken down. Hu Xin was once a subordinate of Bai Tinghui. During Bai Tinghui’s term as Director of the Shanghai Water Bureau, Hu Xin served as Chief Engineer of the bureau, and they attended various events together. From 2017 to 2019, both were members of the Communist Party group of the Shanghai Water Bureau (Ocean Bureau).
Shanghai Chengtou was established in 1992, formerly known as Shanghai Urban Construction Investment and Development General Corporation, restructured into a limited liability company in 2014 with full ownership by the Shanghai State-owned Assets Supervision and Administration Commission. It is a large state-owned enterprise group specialized in urban infrastructure investment, construction, operation, and management.
As of the end of 2023, Shanghai Chengtou held a 20.55% stake in Greenland Holdings, making it the third-largest shareholder.
Greenland Holdings is a mixed-ownership enterprise, with Shanghai Real Estate Group and Shanghai Chengtou under Shanghai State-owned Assets holding 25.82% and 20.55% respectively, and Shanghai Greenland Investment Enterprise (Limited Partnership) holding 25.88%.