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State Development and Investment Corporation

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2015

    Central inspection cites benefit transfers and buy-high-sell-low deals; several subsidiary heads investigated

    In 2015, the Central Inspection Team pointed out that some executives at SDIC had problems including buying high and selling low, benefit transfers, related-party transactions, collusion between insiders and outsiders, and improper concurrent posts; SDIC became a pilot unit for 'higher-level-led' case investigation; afterward, Guo Qigang, former party secretary of SDIC Power, returned to surrender after four years on the run, and in 2023 Yue Guojun, former chairman of SDIC Biotech, was placed under review and investigation. Inspection rectification, multiple people investigated.

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