Wang Yujun has resigned as president of China Resources Power Holdings Co. Ltd. effective Monday.
Wang has been detained in eastern China’s Jiangsu province on suspected corruption and bribery, the Wall Street Journal reported, citing a filing by the state-owned energy and investment company with the Hong Kong Stock Exchange late Sunday.
Wang has also resigned from all of his roles and duties in the company and its subsidiary, the company said.
The central government is stepping up its campaign against corruption, and this year has increasingly focused on state-owned enterprises, the report said.
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