China Minister of Industry & Information Technology Xiao Yaqing Investigated for Suspected Corruption
29th July 2022 | Hong Kong
China Minister of Industry & Information Technology Xiao Yaqing is being investigated for suspected corruption, according to the statement issued by the China Central Commission for Discipline Inspection (suspected violations of discipline and law). Xiao Yaqing was appointed as the China Minister of Industry & Information Technology in July 2020. Earlier in January 2022, China Anti-Corruption Authority investigated Wang Bin, the Chairman of China Life and China Communist Party committee secretary for suspected serious violations of discipline and law. In March 2022, former China Party Secretary & General Manager of China Railway Corp Sheng Guangzu (Age 72) is under investigation from government authorities for suspected corruption & violation. In May 2022, China central bank People’s Bank of China (PBOC) is investigating and had removed PBOC Head of Monetary Policy Sun Guofeng from office for serious violations of discipline and the law (suspected corruption). In 2021, China sentenced former Head of ICBC Shanghai Gu Guoming to lifetime imprisonment for receiving $21 million (CNY 136 million) in bribes between 2005 to 2019. As the Head of ICBC Shanghai, Gu Guoming had took advantage of his position in power, including helping individuals and companies to obtain bank credit. According to the Shanghai court verdict, Gu Guoming had pleaded guilty and had helped to recover most of the $21 million in bribes. (ICBC ~ Industrial and Commercial Bank of China is the largest bank by assets in China).
“ China Minister of Industry & Information Technology Xiao Yaqing Investigated for Suspected Corruption “
Xiao Yaqing, China Minister of Industry and Information Technology, Ministry of Industry and Information Technology of the People’s Republic of China
Doctorate in Engineering; senior engineer. Over the years, Xiao Yaqing has held the following positions: Secretary of the CPC Leading Group and General Manager of the Aluminum Corporation of China; Deputy Secretary-General of the State Council; Chairman of the State-owned Assets Supervision and Administration Commission (SASAC); Secretary of the CPC Leading Group and Minister of the State Administration for Market Regulation (SAMR). Currently, Secretary of the CPC Leading Group and Minister of Industry and Information Technology of China. Member of the 19th CPC Central Committee. (Source: World Economic Forum)
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