Anti-corruption expert Zhang Yi takes control at China's state asset watchdog
Zhang Yi has been appointed chairman of the State-owned Assets Supervision and Administration Commission of the State Council following the arrest of predecessor Jiang Jiemen, reports say
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.
Although the official website of Sasac hasn’t yet updated its leadership page to include Zhang, many state-owned enterprises – including the China Silk Corporation and the China National Cotton Reserves Corporation – have given the 63-year-old the title ‘chairman’ in their company archives and press releases.
The website of China Business Executives Academy in Dalian, where Zhang is listed as president, has also been updated include chairman of Sasac in its profile of him.
Sources close to the Sasac confirmed that the appointment was announced confidentially on December 5, according to reports on the mainland news website ifeng.com.
Today, financial news website yicai.com, owned by Shanghai Media Group, also reported on its homepage that Zhang has become the fourth chairman, and at the same time, he remains the Secretary of the Party Committee of Sasac.
