China Probes State-Assets Head as Anti-Graft Push Widens

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China’s corruption watchdog opened a probe into the director of the state-owned assets overseer, pursuing the highest profile official since Xi Jinping took over the Communist Party last year with a pledge to fight graftBloomberg Terminal.

Jiang Jiemin, head of the State-Owned Assets Supervision and Administration Commission, is under investigation for alleged “serious disciplinary violations,” the Ministry of Supervision said yesterday. He is also the former chairman of state-owned China National Petroleum Corp., the country’s biggest oil producer.