SASAC Boss Investigated by Party for Rules Violations

(Beijing) – The head of the country's regulator of state-owned assets, Jiang Jiemin, has come under investigation by the Communist Party for rules violations, Xinhua reports.

The announcement of Jiang's downfall, made public on September 1, comes a week after four high-level executives from China's largest state-owned oil company were put under similar investigation. Jiang was the oil company's chairman until March 18, when he was promoted to director of the State-Owned Assets Supervision and Administration Commission (SASAC).