Zhejiang’s former state-assets chief surrendered to corruption investigators, while a senior financial regulator’s profile was removed from a government website in the wake of allegations of misconduct at a high-end dinner
Dong Guibo, ex-director of Zhejiang's state assets regulator, surrendered to investigators in a wave of crackdowns on SOE corruption. The tightening SOE governance signals stricter compliance in China, raising supply chain and regulatory risks for foreign tech firms.
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These developments underscore an intensifying disciplinary sweep in one of China’s key economic hubs, highlighting targeted crackdowns on both corporate corruption in state-owned firms and misconduct among local financial oversight bodies.
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