CITIC Group's deputy general manager under investigation

Xu Zuo, deputy general manager of CITIC Group, a State-owned financial conglomerate, is being investigated on suspicion of severe violations of Party discipline and national laws, the Communist Party of China Central Commission for Discipline Inspection and the National Commission of Supervision, China's top anti-graft watchdogs, announced on Sunday.

Xu, a 58-year-old native of Hubei province, once served as the general manager, Party chief and vice-chairman of CITIC Dicastal, a large supplier of aluminum wheels and aluminum chassis parts headquartered in Qinhuangdao, Hebei province.

In October 2016, he served as the assistant general manager of CITIC Group and chairman and Party secretary of CITIC Dicastal at the same time. In September 2019, he became the deputy general manager of CITIC Group.