Former Offshore Oil Engineering Deputy Party Secretary and Vice President Wang Mingyang Under Investigation
Wang Mingyang, former deputy Party secretary and vice president of Offshore Oil Engineering Co. , Ltd. , is suspected of serious violations of discipline and law. He is currently under disciplinary review by the Central Commission for Discipline Inspection and the National Supervisory Commission discipline inspection team stationed at China National Offshore Oil Corporation, and under supervisory investigation by the Tianjin Municipal Supervisory Commission.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is negative for Oilfield Equipment & Services, with intensity 30/100 and 80% confidence over a immediate horizon.
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.