Ren Kai, vp at Sino IC Capital which managed the Big Fund, has been was put under investigation by the authorities, reports the Nikkei, to bring the number of execs under investigation to eight.
They are:
| Probe Target | Date of Probe | Title |
| Gao Songtao | November | Former vice president of Sino IC Capital Co. Ltd. |
| Lu Jun | July 14 | Former chairman of Sino IC Capital Co. Ltd. |
| Wang Wenzhong | July 14 | Partner of Shenzhen Hongtai Fund Investment Management Co. Ltd. |
| Zhao Weiguo | July 16 | Former chairman and shareholder of Tsinghua Unigroup |
| Diao Shijing | July 16 | Tsinghua Unigroup’s former co-president |
| Li Luyuan | July 16 | Chairman of Unigroup’s subsidiary Beijing Uni Science and Technology Service Group Co. Ltd. |
| Ding Wenwu | July 30 | President of China Integrated Circuit Industry Investment Fund |
| Du Yang | Aug. 9 | Former investment director of Sino IC Capital |
| Yang Zhengfan | Aug. 9 | Deputy head of Sino IC Capital’s third investment division |
| Liu Yang | Aug. 9 | Former general manager of the second investment division of Sino IC Capital |
| Chen Datong | Mid-August | Managing partner of Yuanhe Puhua (Suzhou) Investment Management Co. Ltd. |
| Ren Kai | Sept 15 | Vice President of Sino IC Capital Ltd. |
It is said that Ren was close to Lu Jun, former president of Sino IC Capital, who in July was placed under investigation for “serious violation of discipline and the law.”
Ren reviewed loans and investments in equipment and electronics projects, granting $4.3 billion of loans to the iC industry.
Projects he reviewed included: ChangXin Memory, Yangtze Memory and SMIC.
He was on the board of Jiangsu Changjiang Electronics Tech Co., Sanan Optoelectronics, National Silicon Industry Group and Shanghai Wanye Enterprises.
While Ren was a director of Sanan Optoelectronics, the Big Fund set up a $7 billion joint venture semiconductor investment fund with Sanan
