Former head of state asset regulator charged with bribery, abuse of power

State prosecutors have charged former head of China’s state-owned assets regulator Jiang Jiemin with abuse of power and bribery well more than a year after he was fired following accusations of corruption, Reuters reported, citing a statement from the prosecution. The statement said Jiang was accused of taking bribes, abusing his power and being unable to explain where a large number of his assets came from during his time as head of the China National Petroleum Corporation (parent of PetroChina) prior to his becoming director of the State-Owned Assets Supervision and Administration Commission.