China’s Supreme People’s Procuratorate announced Wednesday that Feng Zhibin, the 62-year-old former deputy general manager of Sinochem Group, has been formally prosecuted on three criminal charges: bribery, influence trading, and abuse of power by a state-owned enterprise personnel.
The corruption case against Feng was first investigated and closed by the National Commission of Supervision, China’s top anti-graft watchdog, before being transferred to prosecutorial authorities for review. Following a designation from the Supreme People’s Procuratorate, the Heilongjiang Provincial People’s Procuratorate approved Feng’s arrest, and the Daqing People’s Procuratorate has now lodged a public indictment with the Daqing Intermediate People’s Court, bringing the high-profile case one step closer to trial.
Prosecutors laid out detailed allegations of Feng’s misconduct spanning his decades-long tenure in senior leadership roles at the major state-owned conglomerate. Over his career, Feng held a string of key positions at Sinochem, including assistant general manager, general manager of the group’s investment department, chairman and general manager of Sinochem Lantian Corporation, general manager of Sinofert Holding Limited, and ultimately deputy general manager of the parent Sinochem Group, before becoming chairman of Sinochem International Corporation in 2016. According to the indictment, Feng abused the authority granted by these posts to secure illicit benefits for third parties in exchange for accepting large sums of money and high-value assets.
Even after stepping down from his official roles, prosecutors say Feng continued to exploit the influence of his former senior positions. He is accused of leveraging his past status to pressure other sitting state functionaries into granting illegal benefits to associates, once again accepting substantial improper payments and valuables in return.
The prosecution adds that as a senior employee of a state-owned enterprise, Feng’s deliberate abuse of power for personal gain has caused severe financial losses to Sinochem Group and inflicted major damage on national interests. Legal officials note that Feng’s actions meet the criteria for criminal liability on all three charges brought against him.
Feng’s career at Sinochem began in 2000, when he joined the group and quickly rose through the corporate ranks. In June 2018, he officially resigned from all his positions at the conglomerate, citing personal reasons. Formal anti-graft investigations into Feng were launched in July 2025, and he was expelled from the Communist Party of China in January 2026 as investigations uncovered evidence of his wrongdoing.
Headquartered in Beijing, Sinochem Group operates as a wholly owned subsidiary of Sinochem Holdings Corporation, one of China’s core centrally administered state-owned enterprises overseen by the State-owned Assets Supervision and Administration Commission of the State Council. A leading market player in China’s energy and chemical sectors, Sinochem also maintains major business footprints in urban infrastructure operations and non-banking financial services.