ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Politics

China corruption fight edges closer to 'red second generation'

Anbang chief's apparent detention suggests growing power struggle in Communist Party

CHONGQING -- China's ever-widening anti-corruption campaign has begun to target even those close to the children of its founding fathers, with a high-flying businessman seen as the latest figure ensnared amid an apparent power struggle within a Communist Party approaching a leadership reshuffle.

Anbang Insurance Group on Tuesday said that its chairman, Wu Xiaohui, was no longer able to fulfill his duties for "personal reasons." He has not been seen in public since May, and local media report that he has been detained by the authorities.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more