Mr. Jianghong Wei served as Chairman and Chief Executive Officer of Tongling Nonferrous Metals Group Co., Ltd
While news of high-ranking financial executive suicides in the west have become week to week news, the troubling trend has spread to Asia. A string of Chinese officials have killed themselves in recent months, with speculation linking many to a crackdown on graft. However, as SCMP reports, this weekend saw the head of China’s largest copper producer ‘fell to this death’ from a hotel owned by his company with a state-run newspaper claiming the 52-year-old committed suicide (due to work pressures) following corruption allegations. The timing of Wei Jianghong, chairman of state-owned Tongling Nonferrous Metals Group, suicide appears catalyzed by the growing anxiety over the widespread implications of China’s rehypothecation commodity-finance scandal. That leaves one question – what did he know that markets remain ignorant of for now?