Former Sinochem Group Vice President Feng Zhibin, who caused significant losses to state-owned enterprises, has been indicted.

A reporter learned today (the 8th) from the Supreme People’s Procuratorate that Feng Zhibin, a former Party group member and deputy general manager of China Sinochem Group Co., Ltd., is suspected of taking bribes, taking bribes by leveraging influence, and the crime of dereliction of duty by personnel of a state-owned company. The National Supervisory Commission has concluded its investigation and transferred the case to the procuratorial authorities for examination and prosecution. After the Supreme People’s Procuratorate designated jurisdiction, the People’s Procuratorate of Heilongjiang Province, in accordance with the law, made an arrest decision for Feng Zhibin on suspicion of the crimes of taking bribes, taking bribes by leveraging influence, and dereliction of duty by personnel of a state-owned company. Recently, the People’s Procuratorate of Daqing City in Heilongjiang Province has filed a public prosecution with the Intermediate People’s Court of Daqing City.

In the examination and prosecution stage, the procuratorial authorities, in accordance with the law, informed the defendant Feng Zhibin of his litigation rights and questioned him, and listened to the defense counsel’s opinions. The procuratorial authorities’ prosecution alleged that: Feng Zhibin used the convenience arising from his positions—including deputy general manager and general manager assistant of China Sinochem Group Company, as well as the general manager of its Investment Department; chairman of China International Economic and Trade Trust and Investment Co., Ltd. (later renamed China International Economic and Trade Trust and Investment Co., Ltd.); chairman and general manager of Sinochem Blue Sky Group Co., Ltd.; general manager of Sinochem Fertilizer Co., Ltd.; Party group member and deputy general manager of China Sinochem Group Co., Ltd.—to seek benefits for others, and illegally accepted other people’s property, with especially large amounts; after leaving his post, he used the convenience formed by his original power or position, and through the acts of other state personnel in their job duties, sought improper benefits for others, and illegally accepted other people’s property, with especially large amounts; and as a staff member of a state-owned company, he engaged in favoritism and malfeasance, abused his power, causing serious losses to the state-owned company and resulting in especially major losses to state interests. He shall, in accordance with the law, be held criminally responsible for the crimes of taking bribes, taking bribes by leveraging influence, and dereliction of duty by personnel of a state-owned company.

(CCTV reporter from the headquarters: Cheng Qin)

Related Readings

Video丨Former Party group member and deputy general manager of Sinochem Group, Feng Zhibin, was expelled from the Party

Former Party group member and deputy general manager of China Sinochem Group Co., Ltd., Feng Zhibin, was investigated and probed

©2026 Central Broadcasting and Television General Administration (CCTV) holds all rights. Do not reprint or use without permission.