China Resources (Holdings)
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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
last updated:
29 August, 2024
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.

China property

Developers buy Beijing land at bargain, with thin profit margin

Corruption in China

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

Xi Jinping's anti-corruption campaign

Former China Resources chairman pleads guilty to graft

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

CR Beer eyes more acquisitions after profit surges 13.8 per cent

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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.

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.

PetroChina

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".

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.

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.

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

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.

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.

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.

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.

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.

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.

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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.

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.

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.

Mr Shangkong

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

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.

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".

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.

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.

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.

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.

ParknShop

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.

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