This guy called Dai Xionglong was exposed by David Barboza
from NYTS as a top
Chinese regulator who profited enomously in the rise of Wen
Jiabao family's Ping An Insurance. Dai was the one overseeing
the insurance industry when a company his relatives helped
control made an investment that came to be worth billions.
"Mr. Dai, an economist, has since left his post with
the central bank and now
manages the country’s $150 billion social security fund,
one of the world’s biggest investment funds," reported
And now Dai told Chinese workers that the social security
fund was found not enough to cover the age pension and the
workers will have to keep working and paying superannuation
contributions for five more years (if they are males) to
ten more years (if they are females office workers) even
15 years more (if they are female manual workers) before
being illegible for retirement and receiving old-age pension.
Chinese workers are furious, naturally, and we believe they
are entitled to demand Dai Xianglong, as well as former
premier Wen Jiabao, to return hundreds
billions that they stole from the public purse through,
for instance, insurance share scandal, before discussing
any plan to delay Chinese workers' retirement, unless they
can publicly answer the accusations made by David Barboza.