China Former Minister of Industry & Information Xiao Yaqing Expelled from China Communist Party for Bribery & Accepting Banquet Invitations, Granted Leniency after Admitting to Wrongdoing Including Handing Over All Illegal Income
22nd December 2022 | Hong Kong
China former Minister of Industry & Information Xiao Yaqing had been expelled from China Communist Party for bribery & accepting banquet invitations. Xiao Yaqing had been granted leniency after admitting to wrongdoing including handing over all illegal income. He is also demoted to the lowest official rank and to retire. The announcement was made by China Central Commission for Discipline Inspection (CCDI) on 18th December 2022. Earlier in July 2022, Xiao Yaqing was being investigated for suspected corruption, according to the statement issued by the China Central Commission for Discipline Inspection (suspected violations of discipline and law).
” China Former Minister of Industry & Information Xiao Yaqing Expelled from China Communist Party for Bribery & Accepting Banquet Invitations, Granted Leniency after Admitting to Wrongdoing Including Handing Over All Illegal Income “
China Minister of Industry & Information Technology Xiao Yaqing Investigated for Suspected Corruption
29th July 2022 – 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).
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)
Xiao Yaqing was born in September 1959, and is a male ethnic Han from Beijing. He entered the workforce in August 1982 and is a CPC member. Xiao Yaqing graduated from Central South University, majoring in Materials Process Engineering, has Doctor’s degree and holds the title of professor-level senior engineer.
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
