Kweichow Moutai Group's female vice president in charge of finance, Jiang Yan, is under investigation; Ding Xiongjun, the former Moutai chairman who promoted her, has long since fallen from power.

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Operator Finance Network Zhou Ying / Text

Recently, news that Guizhou Moutai’s Deputy General Manager, Chief Financial Officer, and Board Secretary Jiang Yan was under investigation for serious disciplinary and legal violations has shocked the industry, as she is the “official face” of Moutai in the capital market.

According to an announcement from Guizhou Moutai, on March 13, the company received a notice from the Zunyi City Supervision Committee regarding the detention of Jiang Yan, the company’s Deputy General Manager, CFO, and Board Secretary. Currently, Chairman Chen Hua is acting as the Board Secretary.

Public information shows that Jiang Yan, a female executive born in 1977 who holds both a Bachelor’s degree in Law and a Master’s in Business Administration, has held three key positions at Guizhou Moutai. Her career spans two main phases: banking and Moutai.

In 2001, after graduating from Guizhou University with a major in Economic Law, Jiang Yan joined the Guizhou branch of the Bank of China, working in banking accounting, corporate credit, legal compliance, and risk control. In 2012, having obtained an MBA from Guangdong University of Technology, she participated in the establishment of the Industrial Bank Guizhou Branch, serving as Deputy General Manager of Business Development.

In 2012, Jiang Yan joined Moutai Group, participating in the establishment of Moutai Financial Co., Ltd., where she served as Risk Director. Subsequently, she served as Chairman of Moutai Financial Leasing Co., Ltd., a joint venture between Moutai and China Construction Bank’s trust subsidiary Jianxin Trust, as well as Moutai Jianxin Investment Fund Management Co., Ltd.

In November 2021, at age 44, Jiang Yan began serving as Deputy General Manager and CFO of Guizhou Moutai’s listed company, also acting as Board Secretary, a position she held until her recent investigation. It is evident that Jiang Yan worked at Moutai for 13 years, overseeing the core assets of Moutai’s financial sector, making her a key figure in Moutai’s financial management.

It is worth noting that when Jiang Yan was promoted to a core position in the listed company, the Chairman of Moutai was Ding Xiongjun, who was transferred from the Guizhou Provincial Energy Bureau in August 2021. Ding served for three years before leaving Moutai in 2024. In January 2025, Ding was investigated for serious disciplinary and legal violations and remains under investigation, with case details undisclosed.

Kang Zhao, Editor-in-Chief of Operator Finance Network, stated that with this detention, the career of this influential female executive at Moutai has come to an end. However, as Moutai mentioned in its announcement, this incident will not affect the company’s normal production and operations.

(Edited by: Zhou Ying)

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