BUSINESS

Fugitive New Energy Executive Repatriated to China for Suspected Corruption

Published: May. 19, 2026 6:59 p.m. GMT+8

00:00

00:00/00:00

Listen to this article 1x

Liu Liang.

The fugitive head of a government-backed Sichuan-based investment firm focused on new energy has been captured abroad and repatriated to China for a corruption investigation.

Liu Liang, 47, general manager of Sichuan Chuantou New Energy Co. Ltd., who is suspected of committing serious duty-related crimes, fled the country in April, according to the Central Commission for Discipline Inspection (CCDI) website on Monday. In the same month, supervisory authorities in Ziyang, Sichuan province, opened an investigation into Liu.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Save an extra $50. Introductory offer for new readers. Subscribe now.

Share this article

Open WeChat and scan the QR code

DIGEST HUB

Digest Hub

Back

Explore the story in 30 seconds

Liu Liang, general manager of Sichuan Chuantou New Energy, was captured abroad and repatriated for corruption investigation after fleeing in April.
His swift apprehension was part of "Operation Sky Net 2026," coordinated with foreign law enforcement.
In 2025, China investigated 505 cross-border corruption cases and captured 963 fugitives, highlighting green-energy sector risks.

AI generated, for reference only

Who’s Who

Sichuan Chuantou New Energy Co. Ltd.: Sichuan Chuantou New Energy Co. Ltd., a government-backed Sichuan investment firm, is a wholly owned subsidiary of state-owned Sichuan Energy Development Group. Established in February 2022 with 2.8 billion yuan capital, it invests in solar, wind, and hydrogen projects. Its general manager Liu Liang was recently repatriated from abroad for corruption investigation.

Sichuan Energy Development Group Co. Ltd.: Sichuan Energy Development Group Co. Ltd. is a state-owned enterprise. It is the parent company of Sichuan Chuantou New Energy Co. Ltd., which was established in 2022 with registered capital of 2.8 billion yuan. The group invests heavily in solar, wind, and hydrogen energy projects.

AI generated, for reference only

What Happened When

February 2022：: Sichuan Chuantou New Energy Co. Ltd. was established with a registered capital of 2.8 billion yuan; Liu Liang became general manager of the company and also its deputy Communist Party chief.

March 7, 2026：: Liu Liang made his last public appearance, chairing a meeting to arrange post-holiday work and safe production for a subsidiary.

April 2026：: Liu Liang fled the country; in the same month, supervisory authorities in Ziyang, Sichuan province, opened an investigation into Liu; China launched 'Operation Sky Net 2026' to hunt down corruption suspects abroad.

Before May 14, 2026：: Sichuan Chuantou New Energy Chairman Zhang Pengju warned during an internal anti-corruption meeting that the new-energy sector has become a high-risk area for corruption.

May 14, 2026：: Internal anti-corruption meeting held by Sichuan Chuantou New Energy.

May 19, 2026：: The Central Commission for Discipline Inspection website reported that Liu Liang had been captured abroad and repatriated to China for a corruption investigation. His capture was described as a significant achievement of 'Operation Sky Net 2026'.

AI generated, for reference only