CNPC's Jiang 'to head SASAC'

58-year-old is first non-government official to lead SOE regulatory body

Jiang Jiemin, chairman of China National Petroleum Corp, has reportedly been named as the new head of the country's top State-owned assets regulatory body after a two-year tenure as chief of China's largest oil and gas producer and supplier.

He will likely become the third chief in charge of the State-owned Assets Supervision and Administration Commission, established in 2003 to regulate 118 central State-owned enterprises (SOEs), according to local media reports.