What happened
Xie Wenhui, former party secretary and chairman of Chongqing Yufu Holdings Group Co., Ltd., is suspected of serious violations of discipline and law, according to a statement from the Chongqing Municipal Commission for Discipline Inspection and Supervision.
He is currently undergoing disciplinary review and supervisory investigation by the commission, the statement said.
Why it matters
The investigation of a former top executive at a major state-owned enterprise highlights ongoing anti-corruption efforts in China's state-owned sector.
It may signal further scrutiny of leadership conduct at large state-owned companies.
Key facts
Xie Wenhui formerly served as party secretary and chairman of Chongqing Yufu Holdings Group Co., Ltd.
He is suspected of serious violations of discipline and law.
The investigation is being conducted by the Chongqing Municipal Commission for Discipline Inspection and Supervision.
What to watch next
Further announcements from the Chongqing Municipal Commission for Discipline Inspection and Supervision regarding the investigation's progress.
Any subsequent developments concerning Chongqing Yufu Holdings or its leadership.