Investigations against former head of state-owned Ningxia Asset Management

A former head of a state-owned asset investment conglomerate backed by the government of northwest China’s Ningxia regional government has come under anti-corruption scrutiny, possibly in connection with shady asset transactions, Caixin has learned.

Zhao Qihong, head of the Communist Party and chairman of the The state-owned Asset Investment Holding Group Co. Ltd. Ningxia. between 2018 and 2024, was investigated, the anti-corruption administration of the Ningxia Hui Autonomous Region said in a brief statement.