Key facts
- Xin Baoan, former chairman of State Grid Corp. of China, is under investigation for suspected serious disciplinary and legal violations.
- The investigation is being conducted by China's top anti-graft authorities, the Central Commission for Discipline Inspection and the National Supervisory Commission.
- Xin Baoan, a 66-year-old power-sector veteran, led State Grid from January 2021 to March 2024.
- State Grid is China's dominant power distributor and the world's largest utility enterprise.
Xin Baoan, the former chairman and Communist Party chief of State Grid Corp. of China, is currently under investigation by China's top anti-graft authorities. The Central Commission for Discipline Inspection and the National Supervisory Commission announced on Friday that Xin is being investigated for suspected serious disciplinary and legal violations.
Xin, a 66-year-old veteran of the power sector, led State Grid, the world's largest utility company and China's dominant power distributor, from January 2021 until March 2024. This investigation is part of a broader, far-reaching anti-corruption campaign launched in China following the 18th National Congress of the Chinese Communist Party in 2012, initiated by CCP general secretary Xi Jinping. This campaign has targeted numerous high-ranking officials, including those in state-owned enterprises, for violations of discipline and law.
State Grid Corporation of China, established in 2002, is a centrally managed state-owned enterprise focused on power grid investment, construction, and operation. It is considered a crucial entity for national energy security and the national economy, operating in 26 provinces and serving over 1.1 billion people. The company has maintained a long safety record and is recognized as a leading global utility enterprise.