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  • Jul 12, 2014
  • Updated: 2:44am

Jiang Jiemin

Jiang Jiemin is a Chinese economic official who was, until September 2013, head of the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council. He is also the former Chairman of PetroChina and ex-General Manager of China National Petroleum Corporation (CNPC). He previously served as Vice-Governor of Qinghai Province. In September it was announced that he was under investigation by China's Communist Party for "suspected serious disciplinary violations".

Anti-corruption expert Zhang Yi takes control at China's state asset watchdog

Zhang Yi has been promoted to the position of chairman of the State-owned Assets Supervision and Administration Commission of the State Council (Sasac), according to Xinhua’s online database of human resources.

Wednesday, 18 December, 2013, 3:16pm

Action on CNPC signals Beijing's resolve to hit corruption hard

An anti-corruption drive is sweeping China. As soon as Bo Xilai's trial ended on August 26, news broke of trouble brewing at China National Petroleum Corporation (CNPC), one of the nation's biggest state-owned enterprises and parent company of the Hong Kong-listed PetroChina.

5 Sep 2013 - 2:57am 2 comments

China sacks head of state asset regulator Jiang Jiemin amid graft probe

Top Chinese economic official Jiang Jiemin has been sacked as head of the body overseeing state-owned companies for "suspected serious disciplinary violations", the official Xinhua news agency reported on Tuesday.

The phrase is normally used as code for corruption in China, and the move comes as the country's leaders step up a campaign against graft.

3 Sep 2013 - 1:06pm

Corruption probes raise state-owned enterprise reform hopes

A scandal that has taken down the head of the State-owned Assets Supervision and Administration Commission (SASAC) just ahead of the Communist Party's key autumn economic planning meeting has raised hopes among investors anxious to see a trigger point for the long-promised break-up of state monopolies.

3 Sep 2013 - 1:04pm 1 comment

Detained top official Jiang Jiemin was probed over Ferrari crash in Beijing

Jiang Jiemin , the latest in a string of top mainland officials detained for corruption investigations, was last year questioned by party officials in relation to a Ferrari crash in Beijing, though the cases appear unrelated.

3 Sep 2013 - 1:04pm 1 comment

Former oil company chief and protégé of ex-security tsar Zhou Yongkang is latest graft probe target

Jiang Jiemin, director of the State-owned Assets Supervision and Administration Commission (Sasac) and former chairman of the country's biggest oil company, is suspected of "serious discipline violations", Xinhua reported yesterday, using the party's euphemism for graft.

3 Sep 2013 - 1:03pm 12 comments

PetroChina to join Exxon on giant Iraq oilfield

China's biggest energy firm PetroChina will join ExxonMobil in developing Iraq's giant West Qurna oilfield and is in talks with Lukoil

3 Sep 2013 - 1:03pm

Chinese oil giant CNPC seen buying more overseas energy assets

China National Petroleum Corp has already spent more money this year on energy assets than any other global producer. Oil and gas fields controlled by Exxon Mobil and Russia's Rosneft may be next on the list.

3 Sep 2013 - 1:02pm

Creative managers get cooking when fanciful targets served up

In the corridors of power at state-owned enterprises you will hear two new buzzwords these days - bao shi and cao zuo. Bao, meaning guarantee, and shi (10) refer to the 10 per cent profit growth target set by the state-owned Asset Supervision and Administration Commission (SASAC) for state-owned enterprises. 

3 Sep 2013 - 1:02pm

Fat chance of staff cuts after PetroChina headcount doubles

Making Jiang Jiemin, the former chairman of PetroChina, the head of the State-owned Assets Supervision and Administration Commission (Sasac) is a big sell for state enterprises.

3 Sep 2013 - 1:01pm 1 comment

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