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Top state-asset regulator probed for misconduct

Jiang Jiemin, head of China’s state-owned assets regulator, is under investigation for suspected serious violation of disciplines, the Xinhua news agency reported today, citing the Central Commission for Discipline Inspection of the Communist Party of China.

The report didn’t specify the violation or provide any other detail. Jiang was appointed as the State-Owned Assets Supervision and Administration Commission, which oversees Chinese state-owned enterprises, in March 2013. He was form board chairman of the China National Petroleum Corporation, the country's largest oil and gas company.

The 58-year-old became board chairman of the energy giant in 2007 after years of work in the oil industry and a tenure in northwest China's Qinghai Province as vice governor.

Under Jiang's leadership, the CNPC sped up its overseas expansion. The company has actively engaged in cooperation with foreign energy giants in order to tap resources overseas.


 

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