Head of Construction Firm Ensnared in Chengdu Scandal
The scandal involving a former Chengdu mayor has spread to the business sector, as Zhang Jun, chairman of state-owned Chengdu Jiangong Group (CDJG), is being investigated by Communist Party discipline officials.
Zhang has not been seen in public since December 31, spurring several local banks to start checking loans they made to his company.
The investigation into Zhang is related to Li Chuncheng, the former mayor of Chengdu and an alternate to the party's 18th Central Committee, sources close to the matter said.
- Why Do Foreign Brands 'Break Bad' in China?
- Sea of People
- UnionPay Said to Hand Payment Firms Hefty Fines over Illegal Operations
- CBRC Approves Three Private Banks as Part of Pilot
- The Week in Photos: July 19 – 25
- Another Headache for the EU: Ukraine's Separatists
- Courage to Liberty
- 60-Second News for July 25: Unemployment Statistics
- SAIC, Alibaba Agree to Cooperate on Internet-Enabled Cars
- Mountains Moved
- Sign up to receive our free daily newsletter
- How the Hammer Falls as China Nails Corruption
- CNPC Continues to Be Hit by Scandal as Two More Executives Fall
- Market Reforms, Fight against Corruption Go Hand in Hand, Expert Says
- What Li Keqiang Asks in Meetings with Economists
- Alibaba Said to Delay New York Listing until after Labor Day
- Graft Fight Will Take Years, U.S. Expert Says, but China Is Heading in Right Direction
- The Lost Soldier of Myitkyina
- Sheila Patel: Investors Should Be 'Positive' about China Stocks
- CDB Said to Get 1 Tln Yuan to Back Shantytown Renovation
- Meat Supplier Puts McDonald's, KFC in Food Safety Spotlight Again