The Assets Supervision and Administration Commission (referred to as SASAC) system of the Chinese Communist Party (CCP) is a notorious hotspot for corruption. Xie Zhengyi, the Secretary of the Party Committee and Director of the SASAC in Jiangsu Province, was taken down yesterday (26th). The SASAC in Jiangsu Province has seen three consecutive top officials fall from grace.
On September 26th, the CCP Jiangsu Provincial Commission for Discipline Inspection and Supervision announced the downfall of Xie Zhengyi, the Secretary of the Party Committee and Director of the Jiangsu Province SASAC.
According to Caixin Net report, Xie Zhengyi’s predecessors Xu Guoping and Zhou Jianqiang have also been ousted. Zhou Jianqiang was sentenced to 10 years and 6 months in prison for taking bribes exceeding 10 million yuan.
Public records show that Xie Zhengyi, aged 59 (born in July 1966), is from Taixing, Jiangsu Province, and had years of experience working in the Xuzhou Mining Bureau. In 2000, Xie Zhengyi served as the Deputy Director of the Jiangsu Province Department of Information Industry and became the Director in 2006. Starting from 2009, Xie Zhengyi successively held positions as the Mayor and Party Secretary of Yangzhou. In 2019, he left Yangzhou to become the Secretary of the Party Committee and Chairman of the state-owned enterprise Guoxin Group. Over a year later, Xie Zhengyi was appointed as the Director and Party Secretary of the Jiangsu Province SASAC.
Xie Zhengyi’s predecessor as the head of the Jiangsu Province SASAC, Xu Guoping, born in January 1962, took office at the end of 2013 and was dismissed in October 2021. On May 29, 2025, it was officially announced that Xu Guoping was under investigation.
Zhou Jianqiang, aged 71 (born in October 1953), who served as the Director and Party Secretary of the Jiangsu Province SASAC in 2008, later became the Deputy Director and then the Director of the Economic Committee of the Jiangsu Provincial People’s Political Consultative Conference until his retirement in 2017. Zhou Jianqiang, who had been retired for three years, was taken down in 2020. On May 28, 2021, Zhou Jianqiang was sentenced to 10 years and 6 months in prison for bribery in the first instance.