Gold illustration.(Chen Bozhou/Dajiyuan)
[People News] On June 24, 2026, Bill Gertz, a journalist known for his focus on Sino-U.S. intelligence matters, disclosed in the Washington Times column "Inside the Ring" that U.S. intelligence agencies are preparing to release a major report by the end of December 2026. This report will directly implicate Xi Jinping and six other members of the Standing Committee of the Central Political Bureau, as well as all 25 members of the Politburo, regarding their concealed wealth overseas.
This revelation is akin to a nuclear bomb, poised to unleash an unprecedented political storm in Zhongnanhai. It represents not only the most comprehensive external challenge to Xi Jinping's long-standing anti-corruption campaign but also threatens to ignite a powder keg of fierce internal conflict within the upper ranks of the Chinese Communist Party. Ultimately, this could lead to a complete erosion of trust among the Chinese populace in this regime. For years, the CCP has presented itself as an entity "serving the people wholeheartedly," but the truth is about to come to light, revealing that the so-called "public servants" are merely predatory beasts of the Red Dynasty, draining the lifeblood from the people.
As part of the National Defense Authorization Act, the U.S. 'Fiscal Year 2026 Intelligence Authorization Act' mandates that the Office of the Director of National Intelligence (ODNI) collaborate with the State Department and the Department of Defense to compile and publicly disclose, in a non-classified format, details regarding the wealth of the highest leadership of the Chinese Communist Party (CCP). This report will encompass personal wealth, financial assets, business interests, enterprises that are directly or indirectly controlled, as well as domestic and overseas real estate, including properties in Hong Kong and Macau, and overseas accounts. The ODNI has confirmed that it is actively preparing this report, which is expected to be published online by the end of the year. A preliminary report released in March 2025 had already disclosed that Xi Jinping's family holds over $1 billion in assets through relatives, and the forthcoming version will provide more detailed information, covering all members of the Politburo.
The corruption among the upper echelons of the CCP has long been an open secret, and the Xi Jinping family is not without its controversies. A 2012 investigation by Bloomberg revealed that Xi Jinping's relatives amassed significant wealth through sectors such as rare earths and real estate. Additionally, the Panama Papers and Pandora Papers, released by the International Consortium of Investigative Journalists in 2014, exposed a network of offshore companies linked to several relatives of high-ranking CCP officials. Xi Jinping's brother-in-law, Deng Jiaguo, and his sister, Qi Qiaoqiao, among other family members, have frequently been implicated in overseas secret investments. This wealth is often obscured through multiple shell companies, trusts, and agents, seemingly disconnected from the leaders, but in reality, it reflects the power dynamics associated with the Xi Jinping family's influence. A report from the U.S. Congressional Research Service in 2025 further estimated that the scale of the hidden wealth of the Xi Jinping family is substantial, distributed under the names of relatives such as Peng Liyuan and Xi Mingze.
When Xi Jinping first came to power, he prominently championed the anti-corruption campaign, targeting numerous high-ranking officials, referred to as 'tigers', and lower-level officials, known as 'flies'. Over the past decade, the number of officials brought down has reached millions. However, behind this stringent anti-corruption effort lies a strategy of selective enforcement and power struggles. While Xi Jinping uses this campaign to eliminate political rivals and strengthen his personal authority, he simultaneously turns a blind eye to the illegal accumulation of wealth by his own family and close associates, even protecting and enabling them. A forthcoming U.S. report is set to unveil the wealth of Xi Jinping's family, which would be akin to subjecting him to intense scrutiny, dismantling his arsenal of political maneuvers, and placing his much-lauded anti-corruption campaign under global scrutiny, effectively exposing its true nature. Xi Jinping's aspirations for common prosperity and his narrative of self-reform are on the verge of collapse. This 'external subversion' from thousands of miles away poses a greater threat than any internal purge, as it directly challenges the legitimacy of Xi Jinping's anti-corruption campaign and the very foundation of his regime's authority.
An even more perilous crisis is that this situation could incite significant political upheaval in Zhongnanhai.
The internal power struggle within the Chinese Communist Party (CCP) is likely to intensify. Although Xi Jinping currently seems to wield significant authority, he is, in fact, isolated and facing a serious crisis of political loyalty. The six members of the Standing Committee and the 21 members of the Politburo each harbor their own hidden agendas, with a multitude of factions and complex interests at play. Historically, each faction has maintained its own secret avenues for wealth accumulation. Once the United States publishes its report, revealing specific names, amounts, asset lists, and methods of wealth acquisition, it is sure to trigger power struggles among the various factions. Additionally, Zhongnanhai may confront a risk of total loss of control. Factions that have been weakened or marginalized during Xi Jinping's anti-corruption campaign will likely take this opportunity to retaliate. If any current Standing Committee members have their wealth details prominently disclosed, the resulting conflicts may become public. In an effort to solidify his power, Xi Jinping may be compelled to launch a new, larger-scale purge, which could even impact current Standing Committee members, further destabilizing the foundation of his governance.
Secondly, the legitimacy of the Communist Party of China (CPC) is facing a complete collapse. For many years, the CPC has built its rule on the narrative that, under its leadership, the Chinese people have risen, become prosperous, and grown strong. This narrative has created an illusion of public support through economic growth and nationalist rhetoric, while anti-corruption campaigns have been used to mask the true nature of dictatorship and autocracy. However, when the public learns through overseas media that the top leaders of the CPC are collectively hiding their wealth abroad, their anger will erupt like a volcano. As the lower classes grapple with soaring housing prices, high unemployment, and heavy burdens of medical and educational expenses, the 'public servants' in Zhongnanhai are enjoying luxury homes, stocks, and mineral wealth overseas. The CPC's anti-corruption propaganda will turn into a major laughingstock, public trust in the regime will plummet, the trust deficit of the CPC will soar, and the risk of public protests will significantly increase.
Historical lessons are not far off. Before the collapse of the Soviet Union, the widespread exposure of corruption among the privileged class accelerated public awakening; during the Arab Spring, the revelation of the wealth of leaders' families in countries like Tunisia became a trigger for unrest. Although the CPC has a stability maintenance apparatus, in the digital age, the flow of information through WeChat and overseas social platforms is difficult to completely control. Once details of the American report circulate, and with the pressure of a declining domestic economy, social discontent will easily shift from economic grievances to political demands, putting the political security of the CPC to a severe test.
This incident represents a nuclear-level blow to Xi Jinping personally. Xi has breached party rules by forcibly amending the constitution to eliminate term limits, systematically purging political rivals, and establishing a personalized loyalty to himself as the sole political red line. He has declared himself the core leader and revived a Maoist-style cult of personality. The reason these objectives have been achievable is due to Xi's prominent anti-corruption campaign, which he has embraced as a form of self-revolution. Now, as the party's report exposes the vast overseas wealth of Xi Jinping's family, party elders or anti-Xi factions, including elements within the military, may seize the opportunity to question the legitimacy of his power. Even if Xi Jinping mounts a strong counter-response, he cannot escape the vicious cycle of escalating internal strife within Zhongnanhai, which could ultimately lead to a change in leadership.
Furthermore, the 21 members of the Politburo, who wield significant power and control the political and economic lifeblood of the nation, have transferred their personal wealth abroad. This action starkly illustrates the lack of confidence among the Chinese Communist Party (CCP) leadership in their own regime. Such 'naked running' betrayal is emblematic of the CCP's doomsday mentality.
If the United States takes the first shot against the CCP, it will gain a strategic advantage in geopolitical considerations, prompting allies like the UK and Australia to potentially initiate similar investigations. The overseas assets of the CCP leadership could face risks of freezing or exposure. This not only undermines their international financing capabilities but also psychologically isolates the entire CCP ruling group. Xi Jinping's vision of the East rising and the West declining, along with the Chinese Dream, will dissipate amid laughter both at home and abroad.
(First published by the People News) △
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