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Chronicle / 2026 / China / E-k48p68

SASAC gets a new boss Cheng Fubo, predecessor Zhang Yuzhuo removed

Date2026.06.30
LocationChina
Fact statusReported
Importance IV
Verification Reported · 1 Sources

The head of the State-owned Assets Supervision and Administration Commission (SASAC) has been changed from Zhang Yuzhuo to Cheng Fubo. Zhang Yuzhuo was considered a protégé of Chen Xi (Xi Jinping's college roommate), and this replacement is seen as Xi Jinping losing control over state-owned enterprise assets.

Evidence EVIDENCE
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江峰·視界
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This event SASAC gets a new boss Cheng Fubo, predecessor Zhang Yuzhuo removed 2026.06.30 · Reported
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