Former chairman of Chengfa Investment Group Co., Ltd., Xu Deqing, is under investigation.

The "Qinglian Island" WeChat official account news on May 9th reported that Xu Deqing, former party secretary and chairman of Chengfa Investment Group Co., Ltd., is suspected of serious violations of discipline and laws, and is currently undergoing disciplinary review and supervision investigation by the Disciplinary Commission and Supervisory Commission of Huangdao District, Qingdao City.