China Resources (Holdings)

TOPIC

/ company

China Resources (Holdings)

China Resources (Holdings)

China Resources (Holdings)

China Resources (Holdings) is a state-owned conglomerate registered in Hong Kong. The company is the parent of China Resources Enterprise, China Resources Power and China Resources Land, which are listed as Hang Seng Index constituent stocks and known as the Three Blue Chips of China Resources.

Chairman / President

Fu Yuning

CEO / Managing Director

Wang Xiaobin

CFO / Finance Director

Liang Jianqiang

Industry

Banking, Financial Services, Fund & Asset Management

Website

crc.com.cn

Headquarters Address

China Resources Building, 26 Harbour Road, Wanchai, Hong Kong

Year Founded

1938

Charley Song Lin was sentenced to 14 years in jail and fined 4 million yuan (US$628,000) by a Guangzhou court last June after he was found guilty of embezzling public assets. Photo: Reuters

Corruption in China

Disgraced ex-chief of China Resources stripped of civic honour

Charley Song Lin, serving 14 years in jail for embezzling public assets worth more than 9.74 million yuan, has Hong Kong justice of the peace title revoked.

18 May 2018 - 10:36PM

Developers buy Beijing land at bargain, with thin profit margin

2 Aug 2017 - 10:50AM

Corruption in China

China Resources’ ex-chairman gets 14 years jail for graft

1 Jun 2017 - 10:49PM

Xi Jinping's anti-corruption campaign

Former China Resources chairman pleads guilty to graft

27 Feb 2017 - 11:22PM

Former chairman of China Resources Song Lin had his day in court on Monday. Photo: Reuters

China Resources former head Song Lin to stand trial for corruption

8 Dec 2016 - 11:09PM

CR Beer eyes more acquisitions after profit surges 13.8 per cent

18 Mar 2016 - 6:45PM

Advertisement

Advertisement

Advertisement

China Resources’ vice-president Jiang Wei latest executive to be implicated in corruption probe

A vice-president of state-owned conglomerate China Resources (Holdings) has been in detention for at least a month as part of a graft investigation, a source and mainland media reports said.

18 Dec 2014 - 7:43AM

Jiang Wei, China Resources’ vice-president, is the latest executive at the state-owned conglomerate to be implicated in corruption. Photo: SCMP

China Resources on drive to win over local cadres in wake of graft scandal

China Resources Holding's new chairman has met with at least 10 provincial governments since taking control six months ago - a charm offensive that is helping the state-owned conglomerate move past a major corruption scandal.

16 Oct 2014 - 5:51AM

Wang Shuaiting latest head to roll in China Resources graft investigation

Wang Shuaiting, the chairman of the listed subsidiary of China Travel Service (Holdings) Hong Kong, is being investigated on suspicion of seriously violating law and party discipline "during his tenure with China Resources".

17 May 2014 - 10:29AM

CR Land will ride out patch of weak sentiment, analysts say

CR Land is still a top pick for investors in the mainland's property sector, analysts said, although a corruption investigation into a former chairman of its parent company has cast a shadow on its share performance for the time being.

30 Apr 2014 - 4:22AM

China Resources Land is seen as having a better chance of survival as a market slowdown spurs the industry to consolidate. Photo: Reuters

China Resources Power

Sacked Shanxi mayor linked to China Resources Power mine acquisitions

A former mayor in Shanxi, who was sacked for failing to curtail illegal mining operations in his city, has turned out to be a key figure in helping China Resources to make inroads in the coal-rich province.

28 Apr 2014 - 5:02AM

Yan Guoping signed a transfer agreement with Shanxi Jinye Group (Jinye) in August last year in which Jinye transferred mining rights of the Hongyatou coal mine to CR Taiyuan.

China Briefing | Time to put spotlight on who banks hire

After Beijing's decision over a week ago to detain Song Lin, the chairman of China Resources, on allegations of corruption, speculation has run rife on the mainland and overseas media about its implications.

29 Feb 2016 - 12:19PM

Former China Resources chief Song Lin linked to two tax haven companies

Former China Resources group chairman Song Lin was a director of two offshore companies along with another senior executive of the state-run conglomerate who is also being probed for corruption.

26 Apr 2014 - 5:30AM

Two more senior China Resources bosses held in wake of Song Lin graft probe

Two senior executives at companies in the China Resources group were detained immediately after the state-run conglomerate's former chairman, Song Lin, was placed under investigation for corruption, sources familiar with the matter have revealed.

25 Apr 2014 - 4:21PM

Two more senior China Resources bosses held in wake of Song Lin graft probe

Beijing names outsider Fu Yuning chairman of China Resources after sacking of Song Lin

Fu Yuning, a 15-year veteran of state-owned ports-to-financial services conglomerate China Merchants Group, has been appointed chairman of China Resources Holdings (CRH), five days after former head Song Lin was put under a corruption probe.

24 Apr 2014 - 1:29AM

CRH announced Fu Yuning (right) had been appointed to replace Song Lin. Photos: Dickson Lee, David Wong

The colourful mainland and Hong Kong history of graft-hit China Resources

China Resources (Holdings), which has been under the media spotlight in the past week over news that its former chairman has been probed by the Communist Party's graft watchdog for corruption, has a past that is anything but ordinary.

23 Apr 2014 - 12:50AM

China Resources shares slide as chairman Song Lin is sacked and faces corruption probe

Shares of the five Hong Kong-listed units of China Resources Holdings tumble following the sacking and corruption probe into company chairman Song Lin.

23 Apr 2014 - 11:10AM

Advertisement

Advertisement

Advertisement

Fallen China Resources chief Song Lin was an honest child, uncle says

More details have emerged from the relatives of the disgraced China Resources chairman about his humble upbringing, which are contrary to rumours that he came from a well-connected family.

23 Apr 2014 - 5:07PM

Song Lin, former chairman of China Resources. Photo: David Wong

Xi Jinping's anti-corruption campaign

China Briefing | Do graft-busters have a new tiger in their sights?

The dramatic developments that led to the sacking and detention last week of China Resources chairman Song Lin on corruption allegations have become the talk of the town in Hong Kong and Beijing.

29 Feb 2016 - 12:18PM

China Resources chiefs move to reassure staff after Song Lin sacking

China Resources said top executives had visited its key business units in a bid to shore up morale after Song Lin was removed as the conglomerate's chairman over suspicions of corruption.

21 Apr 2014 - 6:27AM

Mr. Shangkong | Transparent hiring needed in equal opportunity Hong Kong

21 Apr 2014 - 7:30AM

Song Lin. UBS was caught in the media spotlight last week over an alleged affair between its senior investment banker Helen Yang Lijuan and Song, top boss of China Resources. Photo: Jonathan Wong

Xi Jinping's anti-corruption campaign

ICAC erases references to fired China Resources boss Song Lin

Hong Kong's graft watchdog was quick to distance itself from fired China Resources boss Song Lin, erasing from its website references to his role as head of its ethics committee.

20 Jun 2018 - 4:44PM

Song Lin featured in a short video on business ethics.

Xi Jinping's anti-corruption campaign

China Resources chairman Song Lin sacked in corruption scandal

Song Lin, the scandal-hit chairman of state-owned China Resources, was yesterday sacked for "suspected serious violations of discipline and law violations".

17 Sep 2014 - 6:19PM

Xi Jinping's anti-corruption campaign

China anti-graft agency probes China Resources chairman Song Lin

The mainland's anti-corruption agency is investigating the chairman of China Resources Holdings after domestic media repeated accusations that a unit of the state-owned company deliberately overpaid for coal assets.

17 Sep 2014 - 6:56PM

Update | China Resources chief Song Lin sacked as UBS probes banker’s alleged affair, finance ties

Swiss bank UBS' internal investigation of one of its senior bankers is focusing on her relationship with the chief of state-owned China Resources, sources say.

21 Apr 2014 - 7:50PM

China Resources chairman Song Lin. Photo: Dustin Shum

Xi Jinping's anti-corruption campaign

China Resources chairman Song Lin investigated for graft after journalist's accusations

The central government's top anti-corruption agency said yesterday it was investigating Song Lin, chairman of the state-owned conglomerate China Resources Holdings.

17 Sep 2014 - 7:27PM

Accused: Song Lin. Song said he would take legal action against those who were libelling him.

Exclusive | UBS orders internal probe as banker is named in affair, graft allegations against state firm chairman

The bank's legal and compliance department has looked into reports related to Helen Yang, also known as Yang Lijuan, an investment banker based in Hong Kong, sources familiar with the matter said.

17 Apr 2014 - 7:59PM

China Resources, Tesco mull joint bid for ParknShop

Tesco, Britain's largest retailer, may join forces with state-backed China Resources Enterprise to bid for ParknShop. Frank Lai Ni-hium, the chief financial officer of China Resources, said the two companies were "in discussion" that might lead to a possible joint bid for the supermarket chain.

22 Aug 2013 - 4:44AM

Advertisement

Advertisement

Advertisement

Help preserve 120 years of quality journalism.

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement