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Caixin Global
Caixin Global
National
Lu Zhenhua

Former Beijing Auto Group Chairman Probed by Capital’s Graft Buster

BAIC

What’s new: Xu Heyi, the former Communist Party chief and chairman of the board at the state-owned Beijing Automotive Group Co., Ltd. (BAIC) has been placed under investigation for “serious violations of discipline and law” - a common euphemism for graft - according to a one-line statement released by capital’s graft buster on Friday without giving further details.

The background: The announcement by the Beijing Commission for Discipline Inspection came about three years after the 66 year old retired from the top job at BAIC in July 2020.

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