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".
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
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
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
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
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
China's biggest energy firm PetroChina will join ExxonMobil in developing Iraq's giant West Qurna oilfield and is in talks with Lukoil3 Sep 2013 - 1:03pm
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
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
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
I have no doubt that there will be a pre-election by Beijing loyalists for the next chief executive. The evidence lies in the press conferences of newly appointed Premier Li Keqiang and listed oil giant PetroChina.3 Sep 2013 - 1:01pm 2 comments
Deputy Public Security Minister Meng Hongwei will double up as head of the new China Coast Guard, designed to bring the nation's patchwork of maritime law enforcement agencies under a single roof amid ongoing territorial disputes with neighbouring countries.3 Sep 2013 - 1:01pm
Jiang Jiemin, the head of the country's biggest oil and gas producer, has been picked to lead a ministry-level agency that oversees about 70 trillion yuan (HK$87 trillion) of non-financial state assets.3 Sep 2013 - 1:00pm
PetroChina agreed to pay Encana C$1.18 billion (US$1.2 billion) for a 49.9 per cent stake in an Alberta shale formation as Asia’s biggest oil producer steps up acquisitions of overseas oil and gas assets.3 Sep 2013 - 1:00pm
PetroChina, Asia’s biggest oil producer, agreed to pay BHP Billiton US$1.63 billion for its holding in Woodside Petroleum’s proposed Browse liquefied natural gas project in Western Australia.
PetroChina will acquire an 8.33 per cent stake in the East Browse joint venture and a 20 per cent share of West Browse, BHP said on Wednesday in a statement.3 Sep 2013 - 12:59pm