19 Se­nior SOE ex­ec­u­tives held for in­ves­ti­ga­tion

China Daily (Canada) - - FRONT PAGE -

Nine­teen top man­agers from State-owned en­ter­prises have been held for in­ves­ti­ga­tion in the first round of an in­spec­tion this year by the coun­try’s top anti­graft author­ity.

Dozens of se­nior ex­ec­u­tives of SOEs were in­ves­ti­gated by the Cen­tral Com­mis­sion for Dis­ci­plinary In­spec­tion dur­ing its first dis­ci­plinary tour from late Fe­bru­ary to the end of April. The num­ber of en­ter­prises un­der scru­tiny was al­most dou­ble that of pre­vi­ous in­spec­tions. Last year, such in­spec­tions in­ves­ti­gated more than 70 ex­ec­u­tives.

Of the 19 top man­agers held in the lat­est round, seven were ex­ec­u­tives in the elec­tric power sec­tor and four in the telecom­mu­ni­ca­tion sec­tor.

Com­pa­nies in the oil and re­fin­ery sec­tor are among those hard­est-hit since the anti-cor­rup­tion in­spec­tions in­ten­si­fied in SOEs.

PRO­VIDED TO CHINA DAILY

A de­vel­oper con­structed a 57-storey build­ing in just 19 days. The Mini Sky City build­ing was put up at a rate of three full storeys a day in Chang­sha, the cap­i­tal of Hu­nan prov­ince in south-cen­tral China. The build­ing has 800 apart­ments and of­fice space for 4,000 peo­ple.

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