Core Points - The former chief professional of China Three Gorges Finance Co., Cheng Zhiming, is under investigation for serious violations of discipline and law, highlighting ongoing scrutiny of state-owned financial institutions [1][3] - This incident follows a pattern of investigations into high-ranking officials within the company, indicating a stringent regulatory environment [3] Summary by Sections Company Investigation - Cheng Zhiming, who was approved as chairman of China Three Gorges Finance Co. in November 2020, is currently undergoing disciplinary review and investigation by the Central Commission for Discipline Inspection [1] - The company has seen previous high-level investigations, including that of former deputy general manager Bi Jiajun in January 2024 for similar violations [3] Regulatory Environment - The investigation of Cheng Zhiming reflects a broader trend of increased oversight and enforcement actions against misconduct in state-owned financial institutions [3] - Other financial companies in the power sector, such as China Power Finance Co. and China Shipbuilding Group Finance Co., have also faced similar scrutiny, with multiple high-ranking officials being investigated since 2019 [3]