Key personnel at three prominent state-run telecommunication firms in China could be replaced, while a number were recently detained by the authorities, according to recent reports from Chinese media.
The leadership shakeup follows a fresh round of inspections of state-owned companies carried out under Communist Party chief Xi Jinping’s anti-corruption campaign, and appears to be aimed at Jiang Mianheng, a powerful backroom figure in the telecommunications industry, and his father, former Chinese leader Jiang Zemin.
On Aug. 20, Caixin, a Chinese business magazine, reported that the top executives at China Mobile, China Telecom, and China Unicom—the three largest telecommunication companies in China—were slated to be transferred or removed from their posts.
