Yin Peng, chairman of Shandong Guohui Investment Holding Group, was investigated for serious disciplinary violations.

According to the official website of the Shandong Provincial Commission for Discipline Inspection of the Provincial Commission for Discipline Inspection on Wednesday (October 25), Yin Peng, Secretary of the Party Committee and Chairman of Shandong Guohui Investment Holding Group Co., Ltd. is suspected of serious disciplinary violations, and is currently accepting the Shandong Provincial Commission for Discipline InspectionDisciplinary review and supervision investigation.

Public information shows that the 59 -year -old Yin Peng this year was appointed as the general manager of the first joint venture real estate company of Lu Shang Group, the first joint venture real estate company in Lu Shang Group.In 2006, Lu Shang Group integrates its real estate business to establish Lulhang Real Estate. Yin Peng serves as the company's general manager and deputy secretary of the party committee. Later, he served as the deputy general manager of the group, and also the chairman of Lu Shang Real Estate.

Yin Peng was transferred to the party secretary and chairman of Cathay Lease in 2013, and later served as Chairman of Cathay Pacific Lease, Secretary of the Party Committee, and General Manager.After that, Yin Peng was the secretary of the party committee and chairman of Shandong Guohui Investment Holding Group Co., Ltd. in 2022, and was investigated.

According to the official website, Shandong Guohui was established in January 2016. It is a wholly state -owned company that was established by the Shandong Provincial Government and the Shandong State -owned Assets Supervision and Administration Commission has performed the duties of the investor.In September 2020, the company's management system was adjusted and became an important state -owned backbone enterprise directly managed by the Shandong Provincial Party Committee.

The company holds 20%of the state -owned enterprises affiliated to the Shandong Provincial SASAC. It is wholly -owned or controlled by 16 direct enterprises such as Cathay Leasing, Shandong Salt Industry, Lu Yin Investment, Shengyang Co., Ltd., and Guohui Fund.As of now, Shandong Guohui's total assets were 171.485 billion yuan (RMB, the same below, about S $ 32.1 billion), and the total equity of the owner was 101.247 billion yuan.