Former Sinopec Chairman Fu Chengyu Placed Under Investigation
SingTao · 3 SOURCES1 day ago5 MIN
Summary
Former China Petrochemical Corporation chairman and former Communist Party chief Fu Chengyu (傅成玉) is under investigation for suspected serious disciplinary and legal violations. The announcement was made on Saturday, 31 October, by the Central Commission for Discipline Inspection and the National Commission of Supervision. Fu, 75, retired from Sinopec in May 2015 after leading two major state-owned oil groups, CNOOC and Sinopec. SingTao described him as the first senior official publicly investigated after the Chinese Communist Party's Fifth Plenum
Key Points
- State broadcaster CCTV and the CCDI said Fu Chengyu, former Sinopec Party chief and chairman, is undergoing disciplinary review and supervisory investigation.
- Fu was born in 1951 in Qiqihar, Heilongjiang, and is described in the reports as a senior economist with postgraduate master's training.
- He studied geology at Northeast Petroleum Institute and later earned a master's degree in petroleum engineering from the University of Southern California.
- Fu joined China National Offshore Oil Corporation in 1982, later became its general manager and Party chief, and took over Sinopec in April 2011.
- He left the Sinopec chairman and Party secretary posts in May 2015; CRHK also noted he had served on the 17th CCDI and the 12th CPPCC Standing Committee.
Why It Matters
For Hong Kong readers tracking mainland policy and state-sector governance, the case puts renewed attention on accountability at the top of China's strategic energy companies. Because Fu once led both CNOOC and Sinopec and had been retired for more than 11 years according to the reports, the investigation also shows scrutiny can extend long after an executive leaves office.