Jiang Jiemin brought down as SASAC head

Jiang Jiemin, head of the state-owned Assets Supervision and Administration Commission (SASAC), was removed from the office amid a wider anti-corruption campaign, Financial Times reported. As the ex-general manager of China National Petroleum Corporation (CNPC), Jiang took office in the ministry-level body that regulates China’s non-financial state assets no more than six months ago. Jiang is a close associate of Zhou Yongkang, the man in charge of China’s sprawling internal security and intelligence services until March this year, and his downfall has raised expectations that Mr Zhou could be next.