2/6/2024 0 Comments Wang qishanMore than the regulatory crackdown, it is the nature of Fan’s disappearance that has sent a jolt through Chinese society. The authorities have warned that others will face penalties and “administrative punishment” like Fan if they do not “undergo self-examination and make remedial payments to taxation authorities” before the end of the year.įan Bingbing in March, promoting her eyewear range in Shanghai. Then, last month, a Beijing university published the Film and Television Star Social Responsibility Report, ranking the 100 top celebrities. He denied any involvement, but still publicly apologised for his “indiscretion in wealth management”. The same month, Huang was linked to a scandal involving share-price manipulation and questioned by the authorities. In August, nine major production companies issued a joint pledge to cap actors’ salaries at 40% of total production costs, and lead actors’ salaries at 70% of the cast’s total pay. Then, in June, official agencies announced a joint clampdown on actors’ pay, citing not only tax evasion but “money worship”, “the youth blindly chasing celebrities” and “distorted social values”. Already the content of Chinese films is carefully vetted and must promote “core socialist values”. There was a 10ft wedding cake, a holographic castle, a $1.5m (£1.1m) wedding ring, a custom Dior dress that took five months to make and goodie bags including mobile phones for the 2,000 guests.īut this summer the authorities apparently decided to take action. The event, which was livestreamed on the internet, was like a royal wedding, with a comparable budget – an estimated $31m (£24m). Three years ago, for example, the nation was gripped by the wedding of high-profile actor Huang Xiaoming to Hong Kong-born Yang Ying – AKA Angelababy, who is often considered China’s answer to Kim Kardashian (Kim has 118 million followers on Instagram Angelababy has 96 million followers on Weibo). This cultural explosion has brought in a new breed of moneyed celebrity, some of whom have no inhibitions about its wealth. It is poised to overtake the US as the world’s biggest film territory. In 2007, its total box office was just over 3bn yuan (£335m) last year it was 56bn yuan (£6.4bn). “As a public figure, I should abide by the law, and play a leading role in society and industry … Without the good policies of the party and the state, and without the love of the people, there would be no Fan Bingbing.” In short, Fan seems to have been made an example of.Ĭhina’s movie industry has mushroomed over the past decade. She has not been charged with any crime.įan’s first public communication since July was a grovelling confession on Weibo: “For a long time, I did not distinguish between national, social and personal interests,” she wrote. This Wednesday, the mystery was apparently partly explained with the news that Fan and her companies had been ordered to pay 883m yuan (£112m) in unpaid taxes and fines. Fan denied the allegation, and Cui promptly retracted it, but the authorities reportedly began to investigate shortly before Fan went off the radar. The smaller figure, it was implied, was declared to the tax office the larger one purported to indicate what the star was actually paid. The implication presumably was that this was a “yin-yang contract” – two for the same job. One contract was apparently for 10m yuan (£1.3m) the other for 60m yuan (£7.6m). Shortly before her disappearance, the popular TV presenter Cui Yongyuan posted on social media what appeared to be two separate contracts for Fan’s work on her forthcoming movie Air Strike, starring Bruce Willis. The most credible rumour may have been that Fan was in trouble with the tax office, which is not quite as prosaic as it sounds. Photograph: 20th Century Fox/Marvel Entertainment/Dune Entertainment/Bad Hat Harry/Marv Films/Kobal/Rex/Shutterstock While working as a banking executive in China’s state sector, Wang established the first US-China joint venture investment bank, the China International Capital Corporation, developing a model for US market access in the financial services industry.Fan Bingbing in 2014’s X-Men: Days Of Future Past. In a speech commemorating China’s accession to the World Trade Organization, Wang noted that China will fulfill its promise to increase market access and provide equal treatment for foreign enterprises. Prior to his appointment as vice president, Wang served as the Secretary of the Central Commission for Discipline Inspection, the party’s anti-corruption body, and a member of the Politburo Standing Committee, China’s highest decision-making body.Īs vice premier, Wang frequently stressed the importance of providing a transparent, level playing field for foreign investors. Wang Qishan is vice president of the People’s Republic of China, a position he assumed in 2018. Pronunciation: Wang Qishan (pronunciation: Wong Chee-shahn)
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