On August 6, the Shanghai Municipal Commission for Discipline Inspection announced that Wu Jianrong, chairman and deputy secretary of the party committee of Shanghai Airport (Group) Co., Ltd. (hereinafter referred to as Shanghai Airport Group), is suspected of serious violations of discipline and law, and is currently undergoing disciplinary review and supervisory investigation.

Shanghai Airport Group is the largest shareholder of Shanghai International Airport Co., Ltd. (600009.SH, hereinafter referred to as Shanghai Airport), holding 53.25% of the shares.Before the above news was released, the stock price of Shanghai Airport had already fallen sharply. As of the close, it was 54.95 yuan per share, down 7.93%.

According to public information, 56-year-old Wu Jianrong is from Wuxing, Zhejiang. He has successively served as Secretary of the Youth League Committee of Shanghai Posts and Telecommunications Industry Corporation, Secretary of the Youth League Committee of Shanghai Posts and Telecommunications Administration, Acting Minister, Director and Deputy Secretary of the Youth Industry Department of the Shanghai Municipal Committee of the Communist Youth League, Secretary of the Municipal Financial Work Party CommitteeMayor and Deputy Secretary, Deputy Director of the Municipal Development and Reform Commission, Deputy Secretary of the Party Group, Leader of the Disciplinary Inspection Team, Director of the Municipal Price Bureau, Deputy Secretary-General of the Municipal Government, Chairman and Deputy Secretary of the Party Committee of Shanghai Airport (Group).

Wu Jianrong's last public appearance was two weeks ago.According to China Civil Aviation News, on July 23, Shanghai Airport Group and Atlanta Hartsfield-Jackson International Airport signed a sister airport friendship agreement. Wu Jianrong, President of Shanghai Airport Group Feng Xin, Vice President Jia Ruijun, Georgia Airport and government delegationThe delegation and Tang Bing, deputy general manager of China Eastern Airlines Group, attended the agreement signing ceremony.

Before Wu Jianrong fell, the executives of Beijing, Guangzhou, Shenzhen and other major airports all had lessons learned from being investigated for corruption.

From September 2015 to October 2016, Shi Boli, then general manager of Capital Airport Co., Ltd. (00694.HK), Liu Zijing, former president of Guangdong Airport Management Group, and then Guangzhou Baiyun International Airport Co., Ltd. (600004.SH)Xu Xiangdong, deputy general manager, and Wang Yang, then chairman of Shenzhen Airport (Group) Co., Ltd. (hereinafter referred to as Shenzhen Airport Group), were taken away for investigation.

According to Caixin reporters, except for Wang Yang's case, the other three cases have all been sentenced.

In May 2017, the Beijing No. 3 Intermediate Court found in the first instance that, from 1998 to 2014, Shi Boli had served as the Director of the Enterprise Management Division of the Enterprise Management Department of the System Reform Laws and Regulations, the Director of the License Management Division of the Transportation Department, and the Deputy Director of the Policy and Regulation Department of the Civil Aviation Administration of China.The director, deputy director of the transportation department, and the director of the transportation department took advantage of their positions, sought benefits for relevant units and individuals, and accepted bribes of RMB 1.41 million, US dollars of 2,000 yuan, travel expenses worth 1.5201 million yen, and RMB 59,000.RMB 1.5737 million in total.

The Beijing Third Intermediate Court sentenced Shi Boli to 3 years in prison and a fine of 200,000 yuan for taking bribes.Shi Boli refused to accept the judgment of the first instance and appealed to the Beijing Higher Court, which finally upheld the original judgment.

On January 19, 2018, the Shenzhen Intermediate People's Court found through trial that: From 1999 to 2015, Liu Zijing used her positions as the general manager of Xi'an Xianyang International Airport, the vice president of Guangzhou Baiyun International Airport Group Corporation, and the director of Guangzhou Baiyun International Airport Co., Ltd.The director and the president of Guangdong Airport Management Group Co., Ltd. took advantage of their positions, provided assistance to relevant individuals and units in undertaking construction projects, project bidding and other matters, and illegally accepted cash and equivalent property from others totaling RMB 3.532936 million and Australian dollars 10,000., USD 5,000, HKD 80,000, and received RMB 5 million in cash jointly with others.

The Shenzhen Intermediate People's Court sentenced him to 10 years in prison for accepting bribes and fined him RMB 3 million; continue to recover the stolen money and turn it over to the state treasury.

In December 2017, the first-instance case of Xu Xiangdong accepting bribes and unit offering bribes was judged by the Guangzhou Intermediate People's Court. The court found that from 2004 to 2011, Xu Xiangdong took advantage of his position as the manager of the planning and operation department of Baiyun Airport to provide services for many companies in New Zealand.Provided assistance in bidding for commercial shops at Baiyun Airport, accepted more than 5 million yuan in bribes, and introduced a company to bribe Liu Zijing, then president of Guangdong Airport Management Group, and others for 6 million yuan.He was sentenced to seven years in prison and confiscated property of RMB 200,000.■