Greater ChinaShipyards

Former CSIC chairman expelled by Chinese Communist Party

The Central Commission for Discipline Inspection of the Chinese Communist Party (CCDI) has announced it has expelled Hu Wenming, former chairman of state-run shipbuilding giant China Shipbuilding Industry Corporation (CSIC)

Hu has been under criminal investigation since March 2020 after he left his position of chairman at CSIC due to retirement.

According to CCDI, Hu was found to have committed a series of corruption activities including taking bribes, using his power for money and sex, and insider trading.

Hu had been the most powerful man in China’s shipbuilding industry over the past seven years. He started out from Aviation Industry Corporation of China (AVIC) and was appointed as chairman of CSSC in 2012 and chairman of CSIC in 2015 in state-owned enterprise management swaps arranged by the central government.

CSSC and CSIC completed a merger in 2019. The new entity, China Shipbuilding Group, is led by Lei Fanpei.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
Back to top button