China probes ex-Sinopec, CNOOC chairman Fu Chengyu for corruption

China's anti-corruption watchdog is investigating Fu Chengyu, former chairman of Sinopec and CNOOC, for alleged serious violations of discipline and law. This marks a high-profile probe into a retired state energy executive, signaling continued anti-corruption enforcement in the energy sector. The investigation's scope and potential implications for state-owned enterprise governance remain unclear.

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