Beijing Airport General Manager Shi Boli Resigns, Leaves Board

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Beijing Capital International Airport Co., owner of the aerodrome in China’s capital, said Shi Boli resigned as general manager and executive director.

The announcement from the Hong Kong stock exchange Thursday came after a statement earlier in the day saying it was verifying media reports that Shi was “brought for investigation.”

The 21st Century Business Herald newspaper said Shi was taken away this week by the Communist Party’s discipline inspection department. Officials have intensified efforts to root out corruption since President Xi Jinping came to power in 2013 and warned graft was a threat to the party’s future.

Beijing Airport wasn’t immediately able to verify the accuracy of the reports, according to the first filing. The second statement gave the cause of Shi’s resignation as his desire to “to devote more time for his other commitments.”

The company said Shi had no disagreement with the board and had nothing he needed to tell shareholders. Chairman Liu Xuesong will be acting general manager pending Shi’s replacement, Beijing Airport said.

Beijing Capital shares rose 0.5 percent to close at HK$7.52 in Hong Kong on Thursday.

— With assistance by Joshua Fellman, and Clement Tan

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