• Fri
  • Dec 26, 2014
  • Updated: 5:10pm

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.

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

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

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.

Thursday, 18 December, 2014, 7:43am

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

China Resources Holding's new chairman Fu Yuning embarks on a campaign to restore trust in wake of graft scandal. Photo: Bloomberg

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 is believed to be the third former China Resources executive detained after former chairman Song Lin was placed under graft investigation in April.

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

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

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

Sacked Shanxi mayor linked to China Resources Power mine acquisitions

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.

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

Time to put spotlight on who banks hire

China Resources has sacked ex chairman Song Lin. Photo: Dustin Shum

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.

28 Apr 2014 - 5:02am

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

Song Lin was sacked last week.

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 4 comments

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

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 3 comments

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

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

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

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

China Resources has over 2,300 firms with 420,000 employees.

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

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

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

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

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 1 comment

China Resources chiefs move to reassure staff after Song Lin sacking

Qiao Shibo called on staff to continue normal operations and uphold party discipline.

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

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

Song Lin was once considered a political rising star.

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.

17 Sep 2014 - 10:07pm 2 comments

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

In China, sometimes guanxi is more important than money. Actually, guanxi - relationships and connections - is equally important in the rest of the world too. Can you ignore connections when doing business in Washington or London? I doubt it.

In Hong Kong, especially in the city's financial industry, guanxi has made a difference for many banks and their clients in many cases.

21 Apr 2014 - 7:30am 1 comment