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0:00 Today, there are reports from overseas that Li Qian, daughter of former Politburo Standing Committee member Li Zhanshu, is under investigation in connection with the Huang Qifan case. If true, this would be a political storm involving the highest circles of power in the CCP. On October 13, the CCDI announced that Huang was suspected of serious violations of discipline and law, and subsequently, rumors emerged that his son, Huang Ranfei, had also been taken away. Huang Fei previously worked at Lehman Brothers, Nomura Securities, and Morgan Stanley, later joining the Shandong Group to oversee overseas investments. Overseas reports allege that Huang Ranfei and Li Qian collaborated on financing businesses in Hong Kong, involving insider trading, kickbacks, and acting as proxies for officials, with Li Qian now under investigation by the CCDI and Hong Kong's ICAC. These allegations have yet to be independently verified. Li Qian's

0:45 business dealings in Hong Kong have long attracted the attention of international media. Born in 1982, Li serves as the chairwoman of Jianying International. In 2017, the BBC found, based on Hong Kong company registration records, that Li and a Singaporean businessman co-owned a Hong Kong company with a 50-50 split, both using the same luxury residence in Hong Kong as a registered address. This luxury property was purchased through a corporate structure by Li for HK $ 117 million. In 2020, The New York Times investigated their business relationship; Chua, as chairman of Tai Hung Fai, made massive acquisitions of shares in the parent company of the Hong Kong Peninsula Hotel in 2017 and bought the 79th floor of The Center, with deals involving over a billion Hong Kong dollars. After Hong Kong

1:30 media investigated the relationship between Chua and the Li Zhanshu family, Chua resigned from his position as chairman of Tai Hung Fai. Three months later, Li Zhanshu joined the Politburo Standing Committee. Li Zhanshu was one of Xi Jinping's most important political allies during his early tenure, serving as Chief of the General Office and Chairman of the NPC Standing Committee, a state-level official. If Li Qian is truly under investigation, who decided to target her, how far will the investigation go, and, more importantly, what is the timing? On October 26, the fifth plenary session of the 20th CCP Central Committee is set to convene. The personnel layout for the 21st Party Congress in 2027 is currently unfolding. Xi Jinping recently published an article in*Qiushi *, warning that some within the party are "two-faced" and ready to jump ship at any moment. He criticized some for building factions and forming cliques.

2:16 If the investigation touches the Li Zhanshu family, it implies that power struggles may be reaching into the top-tier political alliance formed during Xi Jinping's administration. Is this Xi Jinping proactively adjusting the political landscape, or are other forces within the party pressuring his political allies? Even if the revelations are never confirmed, it does not mean this turmoil lacks political significance. Releasing information through overseas channels and creating public opinion to pressure political rivals may itself be a tactic in the power struggle. Who is leaking the information? Who is it targeting? Why choose the eve of the fifth plenary session? The power struggle at the highest level of the CCP has moved from the shadows into the public eye.