# Yibin
Latest news and articles about Yibin
Total: 2 articles found
Chairman of Wuliangye, a 400-billion-yuan Icon, Placed Under Investigation — Another Shock for China’s Baijiu Giant
Zeng Congqin, chairman of Wuliangye, has been placed under disciplinary and criminal review by Yibin city authorities. The probe compounds an already difficult period for the baijiu maker, which posted steep year‑on‑year declines in 2025 as the broader liquor market contracts and distribution prices collapse. Investors and the market will watch leadership succession and governance responses closely as Wuliangye navigates a deep industry adjustment and a heightened regulatory climate.
Chairman of Baijiu Giant Wuliangye Placed Under Disciplinary Probe, Raising Questions About SOE Oversight
Zeng Congqin, chairman and party secretary of Sichuan Yibin Wuliangye Group and its listed unit, is under disciplinary and supervisory investigation by Yibin’s discipline inspection commission. The probe raises questions about governance at one of China’s largest baijiu producers and may have political, market and operational repercussions.