Shanghai scandal nets city asset boss
24 October 2006
Ling Baoheng, the chairman of Shanghai's State-Owned Assets Supervision and Administration Commission, is being questioned in relation to the Shanghai pension fund scandal, the South China Morning Post reported, citing sources close to the government. A Shanghai government spokesman and officials for the commission declined to comment. Ling has served as the top manager of state assets in the city since April 2004 and is the commission's deputy party secretary. Previously, he was vice-chairman of the Shanghai Light Industry Group and a vice-chairman of the Shanghai Economic Commission, where he advised on the restructuring of several Shanghai state-owned companies, including telecommunications equipment maker Shanghai Electric Group, which has been implicated in the scandal. The scandal has already claimed Shanghai's top leader, party secretary Chen Liangyu and other prominant officials and businessmen.