Chinese private equity firm Nepoch Capital has cut connections with its co-founder He Jintao, son of the communist party’s former discipline chief He Guoqiang, after the princeling was said to be implicated in a corruption investigation, sources told Reuters.
Entries in Song Lin (4)
Song Lin, the chairman of state-controlled China Resources, was fired Sunday for "suspected serious violations of discipline and law violations."
The chairman of state-owned China Resources Holdings Co. Ltd., Song Lin, is under investigation for "suspected serious violations of discipline and law."
On July 17, Wang Wenzhi, chief correspondent at the Economic Information Daily, used his verified Weibo account to expose the Chairman of state-owned China Resources Holdings, also known as Huarun Group, for allegedly stealing state-owned assets worth billions of Yuan.