Former Deputy General Manager Feng Zhibin of the original China National Chemical Corporation Limited (ChemChina) has been charged recently. He was officially taken down from his position in July last year, 7 years after leaving ChemChina.
According to the official Chinese state media CCTV News, Feng Zhibin, former party member and Deputy General Manager of ChemChina, is suspected of bribery, taking bribes using his influence, and abuse of power in state-owned companies. The investigation into his case has concluded, and he has been transferred to the prosecution for review and indictment.
Designated by the Supreme People’s Procuratorate, the Heilongjiang Provincial Procuratorate made the decision to arrest Feng Zhibin for the crimes of bribery, influence peddling, and abuse of power by state-owned company personnel. Recently, the Daqing City Procuratorate in Heilongjiang Province has filed a lawsuit against Feng Zhibin at the Daqing Intermediate People’s Court.
The prosecution accuses Feng Zhibin of using his various positions within ChemChina, including Deputy General Manager, Assistant to the General Manager, and General Manager of the Investment Department, as well as Chairman of China Foreign Economic & Trade Trust and Investment Co., Ltd. (later renamed China Foreign Economic & Trade Trust Co., Ltd.), Chairman and General Manager of ChemChina Blue Sky Group Co., Ltd., General Manager of ChemChina Fertilizer Co., Ltd., and Deputy General Manager of ChemChina Group, to seek benefits for others and illegally accepting a significant amount of property.
After leaving his position, Feng Zhibin continued to use his previous authority and status to benefit others through the actions of foreign officials, illegally accepting a substantial amount of property for personal gain.
Public records show that Feng Zhibin was born in November 1963 and worked at various organizations including Renmin University of China, the Policy Research Office of the Central Organization Department of the Communist Party of China, China National Machinery Import & Export Corporation, and China General Technology (Group) Holding Co., Ltd.
In 2000, Feng Zhibin joined ChemChina as an assistant to the President, later becoming Vice President. In September 2010, Feng Zhibin resigned from his positions at ChemChina and ChemChina Blue Sky Group.
In March 2014, he returned to be Chairman and General Manager of ChemChina Blue Sky Group, and in July of the same year, he rejoined ChemChina.
In July 2018, Feng Zhibin left ChemChina and joined the private enterprise Tianming Group as Co-Chairman and CEO. Founded in 1993, Tianming Group operates in five business sectors including Traditional Chinese Medicine Health, Wine, Urban Construction, Capital, and Innovation, with 30 holding companies and investments in 50 companies.
After 7 years of leaving ChemChina, Feng Zhibin was officially taken down in July last year and expelled from the Communist Party in January this year.
Established in 1950, ChemChina, formerly known as China National Chemical Corporation, is a comprehensive operator in the petroleum and chemical industry, with business involvement in agricultural inputs (seeds, pesticides, fertilizers) and modern agricultural services.
In March 2021, ChemChina implemented a joint restructuring with China National Chemical Corporation Limited, forming the China National Chemical Corporation Holding Co., Ltd.