China Tobacco anti-corruption storm: 16 people were investigated, and four listed companies were involved!

China Tobacco’s anti-corruption storm continued until 2023, and broke out in January 2023. So far, a total of 10 cadres have been sacked, and the actual controllers of the four listed companies that have business dealings with China Tobacco have been investigated, involving 6 listed companies. All four listed companies have business dealings with China National Tobacco Corporation or provincial-level China Tobacco industrial companies, especially China Tobacco Chongqing Co., Ltd. Chiyu is the fourth listed company in the tobacco industry whose real controller has been investigated in the past month. | Related reading (Financial Association)


In recent years, the state has cracked down heavily on corruption in state-owned enterprises. The two pillar industries of tobacco and alcohol are naturally also eye-catching. Before that, it was alcohol, and the chairman of Moutai Liquor and other executives were investigated, which caused a shock; , also caused vibration, which was expected and normal. Tobacco and alcohol are not separated, and it is only a matter of time before they are investigated.

According to data, China’s tobacco business revenue in 2021 will reach 1,213.15 billion yuan, a year-on-year increase of more than 6%. This ultra-trillion-level stable industry is naturally a piece of fat, and everyone wants to take a bite. However, according to common sense, the production and supply chain of the medium-sized tobacco pipes of the medium-sized tobacco pipes should be done by the relevant enterprises, and each should be responsible for it. But in fact, this is not the case. How can such fat be easily let go in the face of rights? So around the chain of interests, a chain of corruption such as bribery and bribery is also formed naturally.

Don’t stretch out your hand, you will be caught if you stretch out your hand. The person responsible for the China Tobacco system was investigated, and the regulations have their own opinions. But it is even more important to think of how the country can strengthen the governance of key industries.

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