Five years ago, an investment surprised Zhang Keqiang and made more people realize that the situation of private enterprises was very embarrassing. Many people began to support Zhang Keqiang, believing that he was innocent. Zhang Keqiang's defense lawyers also believe that Huamei Department really began to pay attention to the shares of Salt Lake Potash as early as around 2000, but the story of getting rich later had little to do with Salt Lake Potash, and the rumors of Huamei Group's fraud were completely untrue.

What happened between Huamei and Salt Lake? Why did Zhang Keqiang become the protagonist of the Huamei fraud case? This should start from 2006, when Salt Lake Group was building the second phase of comprehensive utilization of Chaerhan Salt Lake, with a total investment of about 4.4 billion yuan. At that time, Salt Lake Group was "seriously short of funds" and chose to increase capital and share. Xing was short of funds at that time, which led to the deadlock in this transaction, so Xing needed to find a savior, and at that time he had no intention of investing in potash fertilizer in Qinghai Salt Lake.

Zhang Keqiang had no reason for fraud from the beginning, because the purpose of fraud was illegal possession, and illegal possession must be free possession, that is, empty gloves and white wolves, and Zhang Keqiang paid the consideration in the Huamei fraud case. As long as the price was reasonable and open at that time and Huamei actually paid the consideration, no matter whether the investment threshold was set or not, it could not be characterized as fraud. On June 27th, 2006, Salt Lake Group reported to the State-owned Assets Supervision and Administration Commission of Qinghai Province the relevant request for capital increase and share expansion. At the end of the month, the State-owned Assets Supervision and Administration Commission of Qinghai Province gave a reply and agreed to increase capital and share of Salt Lake Group.

Alleged fraud is the investment threshold, that is, Huamei Department of Zhang Keqiang is a private enterprise, and it simply does not have the qualification to increase its shareholding in Salt Lake Group, a state-owned enterprise. If Zhang Keqiang and others simply don't have the conditions to become shareholders of Salt Lake Potash, then why did Qinghai Salt Lake Group decide to cooperate with Huamei Group? For this reason, the team of defense lawyers such as Zhang Keqiang believes that there are only a series of civil legal relationships between corporate legal persons in Huamei fraud case, such as cooperative investment and entrusted investment, and Zhang Keqiang and others do not constitute fraud and should be acquitted.

Zhang Keqiang's innocence or guilt can be seen from the constitutive elements of the crime of fraud. In any case, the Qinghai Salt Lake case does not constitute fraud. The investment threshold of Salt Lake equity is the focus of this lawsuit. Many people are deeply saddened by the experience of private enterprises, and they are also indignant at Zhang Keqiang's imprisonment. In fact, the dispute between private enterprises and state-owned enterprises has a long history, and the dispute over the equity of Yunnan Baiyao and the dispute over the trademark of "Wang Lao Ji" have aroused widespread concern. Because there are too many stakeholders involved in state-owned enterprises, the transaction resistance between state-owned enterprises and private enterprises is great. Private capital is in an awkward situation and the investment threshold is limited, which makes private enterprises more difficult.