On September 26, from 8 pm to 11 pm, about 7,000 residents from Shekou, Shenzhen city gathered in front of the Shekou Sports Center and Sihai Park.
They came to sign a petition demanding that the communist central government investigate the disappearance of 180 billion yuan (approximately US$227.8 million) of social security funds that were apparently embezzled in Shekou Industry Park.
Local police dispatched more than 700 officers, including traffic police and riot police, along with 20 patrol cars and two command vehicles equipped with loudspeakers to disperse the crowd.
On October 2, a Sound of Hope reporter interviewed an insider, who said that six of the organizers were arrested that day; four were released at midnight, and the other two were released the following day.
The reason behind this “9.26” incident was Shekou Industry Park’s clandestine operations lead to the embezzlement of billions of employee social security funds.
The insider said, “The issue relates to Ping An of China (PAC, an insurance company), which the Social Security Department invests in and that once held a 51 percent stake of the company’s pension contributions.
Originally the total net worth of PAC was 358.7 billion yuan (approximately US$45.4 billion), of which 180 billion yuan belonged to the employees’ social security fund. Now the portion allocated to the employees’ fund is only 220 million yuan, which means that nearly 180 billion yuan has disappeared. The money represents Shekou employee’s sweat and toil.”
