Former Sinopec chairman Fu Chengyu, also ex-CNOOC boss and retired for over 11 years, is under a CCDI probe for suspected serious discipline and law violations.
China's Central Commission for Discipline Inspection and National Supervisory Commission said on their website on 31 October that Fu Chengyu, former Party secretary and chairman of China Petrochemical Corporation (Sinopec Group), is under disciplinary review and supervisory investigation for suspected serious violations of Party discipline and the law. Xinhua, CCTV, China News Service and People's Daily Online carried the notice, which gave no specifics. Caixin said the notice was posted around 17:30; that Fu stepped down from Sinopec in May 2015 and has been retired for more than 11 years; and that multiple sources told it he was taken away around the previous Thursday, with the probe possibly involving economic issues around Sinopec's mixed-ownership reform and the listing of its marketing company. Fu earlier spent much of his career at CNOOC, serving as its general manager, Party secretary and chairman before moving to Sinopec in 2011; public records say he was a member of the 17th CCDI and a standing committee member of the 12th National Committee of the CPPCC. SCMP said he is 75 and had chaired both CNOOC and Sinopec. Bloomberg also reported the CCDI probe the same day.
Read full issue →