Apr 01, 2023 06:37 PM

CHINA

Former Beijing Auto Group Chairman Probed by Capital’s Graft Buster

00:00

00:00/00:00

Listen to this article 1x

What’s new: Xu Heyi, the former Communist Party chief and chairman of the board at the state-owned Beijing Automotive Group Co., Ltd. (BAIC) has been placed under investigation for “serious violations of discipline and law” - a common euphemism for graft - according to a one-line statement released by capital’s graft buster on Friday without giving further details.

The background: The announcement by the Beijing Commission for Discipline Inspection came about three years after the 66 year old retired from the top job at BAIC in July 2020.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Inside the 2023 Caixin Summer Summit

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin-Sinica Business Brief: Venture Capital Giant Sequoia to Carve Out China Business Over Geopolitical Concerns

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: China’s Consumers Are Flush With Cash, So Why Does the Recovery Have the Wobbles?

2: CATL Shares Nosedive Amid Speculation on Weakened Tesla Tie

3: In Depth: U.S. Tensions Could Sap Chinese EV-Battery Makers’ Global Ambitions

4: In Depth: The March of Chinese Robots Into Domestic Factories

5: In Depth: Where Are Chinese Consumers Willing to Spend?

SPONSORED

OR