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Dai Xiaoming, board chairman of Chengdu Industrial Investment Group Co., Ltd – the largest state-owned enterprise (SOE) in Chengdu, Sichuan, was recently taken away by the discipline inspection committee for investigation.
A source said that Dai Xiaoming was detained approximately on August 18. During the investigation, Dai Xiaoming let out several clues about others’ misbehaviors. After that, the Chengdu government launched a collective investigation into the leaders of SOEs in this city.
Dai Xiaoming, 56, once took positions as the Party secretary of the Qingbaijiang District, Chengdu, director of the Chengdu Municipal Economic Committee. In 2009, Dai Xiaoming was appointed Party secretary and board chair- man of Chengdu Industrial Investment Group.
Chengdu Industrial Investment Group was established by the Chengdu government. It was founded in August 2001 with the registered capital of 5 billion yuan. As the largest SOE in China, it has 11 subsidiary companies, covering the business of investment, financing guarantee, assets management, capital operation, industrial operation, investment recruitment, consultancy and property management.
In 2009, the company once issued the corporate bonds valuing 1.5 billion yuan. At that time, its financial report showed that the total assets reached 19.884 billion yuan and the debts amounted to 13.757 billion yuan. The operating revenue was 1.076 billion yuan and the profits reached 369 million yuan.
A source said that Dai Xiaoming was detained approximately on August 18. During the investigation, Dai Xiaoming let out several clues about others’ misbehaviors. After that, the Chengdu government launched a collective investigation into the leaders of SOEs in this city.
Dai Xiaoming, 56, once took positions as the Party secretary of the Qingbaijiang District, Chengdu, director of the Chengdu Municipal Economic Committee. In 2009, Dai Xiaoming was appointed Party secretary and board chair- man of Chengdu Industrial Investment Group.
Chengdu Industrial Investment Group was established by the Chengdu government. It was founded in August 2001 with the registered capital of 5 billion yuan. As the largest SOE in China, it has 11 subsidiary companies, covering the business of investment, financing guarantee, assets management, capital operation, industrial operation, investment recruitment, consultancy and property management.
In 2009, the company once issued the corporate bonds valuing 1.5 billion yuan. At that time, its financial report showed that the total assets reached 19.884 billion yuan and the debts amounted to 13.757 billion yuan. The operating revenue was 1.076 billion yuan and the profits reached 369 million yuan.