Jiang Jiemin, the head of the country's biggest oil and gas producer, has been picked to lead a ministry-level agency that oversees about 70 trillion yuan (HK$87 trillion) of non-financial state assets.
Jiang, the chairman of China National Petroleum Corp, replaces Wang Yong as head of the State-owned Assets Supervision and Administration Commission, NetEase reported yesterday.
Wang was promoted to become a state councillor.
Sasac and CNPC spokesmen were unable to confirm the report last night.
via Business feed http://www.scmp.com/business/china-business/article/1194014/cnpc-chief-jiang-jiemin-take-top-job-sasac-state-shuffle
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