A PYMNTS Company

China Regulator Probes Norinco Group ex-Chairman

By  |  April 4, 2021

China’s top anti-graft watchdog stated on Sunday, April 4, a former chairman and head of the Communist Party at state defence giant China North Industries Group (Norinco Group) is under investigation for suspected, undisclosed disciplinary violations.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Yin Jiaxu is suspected of “serious violation” of laws and regulations, according to a statement on its website that provided no further details.

    Yin joined Norinco Group in 2002 and chaired the company during 2013-2018, according to the CCDI.

    Norinco, a major military industrial group, provides weapons and technical support to China’s People’s Liberation Army and is also engaged in the oil and gas business.

    Under President Xi Jinping, China has been engaged in an aggressive anti-corruption campaign for several years.

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.