On February 13, 2026, former Vice Chairman Xiao Xiaohua and former Chairman Qi Wei of Jiangxi Financial Holdings Group (Jiangxi Gold Control Group) were investigated on January 20, 2026, and February 13, 2026, respectively. It is worth noting that senior Chinese official Yi Lianhong, who was recently investigated, has a close relationship with Jiangxi Gold Control Group as he once governed Jiangxi.
The Central Commission for Discipline Inspection of the Communist Party of China reported on February 13, 2026, that Qi Wei, former Party Secretary and Chairman of Jiangxi Financial Holdings Group, is under investigation for “serious violations of discipline and law.”
Qi Wei, born in December 1964, is a member of the Communist Party of China, holding a bachelor’s degree in water conservancy from Tsinghua University. He has held various positions such as Assistant Researcher and Director at the Jiangxi Provincial Development and Reform Commission, Chairman and Party Secretary of Jiangxi Water Investment Group. In April 2020, he became the Party Secretary and Chairman of Jiangxi Financial Holdings Group and resigned in November 2024.
Apart from the recently investigated Qi Wei, three other senior executives of Jiangxi Gold Control Group have been investigated in recent years.
According to official reports, Xiaohua Xiao, former Party Committee Member and Vice Chairman of Jiangxi Gold Control Group, and former Chairman of Hengbang Property Insurance, was investigated on January 20, 2026, after retirement for three years. In April 2016, Xiaohua Xiao was appointed as a Party Committee Member and Vice Chairman of Jiangxi Gold Control Group, and he resigned in April 2022.
In January 2024, Gan Chengjiu, former Deputy Secretary of the Party Committee, Vice Chairman, and the first General Manager of Jiangxi Gold Control Group, was investigated. In December 2024, Gan Chengjiu was prosecuted on charges of bribery, embezzlement, abuse of power by state-owned company staff, and money laundering; the verdict has not been made public yet.
In July 2024, Wen Zhiming, Party Secretary and Chairman of Jiangxi Railway and Aviation Investment Group, was investigated while in office. Wen Zhiming previously served as a member of the Jiangxi Provincial Finance Department Party Group, Director of the Asset Management Center of Provincial Administrative and Institutional Units and served as the first Chairman and Party Secretary of Jiangxi Gold Control Group from 2015 to April 2020.
Public information shows that Gan Chengjiu and Xiaohua Xiao served as Vice Chairmen of Jiangxi Gold Control Group simultaneously from April 2016 to April 2022 before being dismissed. They both served as deputies to Wen Zhiming for four years and as deputies to Qi Wei for two years.
Jiangxi Financial Holdings Group Co., Ltd. (Jiangxi Gold Control Group) was officially established in September 2015 and is Jiangxi Province’s first wholly state-owned financial holdings group.
Jiangxi Gold Control Group, as the investment entity of local financial institutions in Jiangxi Province and the management platform for financial assets, currently controls or holds stakes in 17 financial institutions including Jiangxi Bank, Ganzhou Bank, Hengbang Insurance, Rich Futures, Jiangxi Credit Guarantee, Jiangxi Financial Assets, Jiangxi Gold Control Leasing, Jiangxi Equity Trading Center, Jiangxi Gold Control Fund, etc., achieving comprehensive coverage of financial licenses and becoming the most comprehensive financial holding group in Jiangxi Province.
Since its establishment in September 2015, Jiangxi Gold Control Group has undergone five changes in the Secretary of the Jiangxi Provincial Party Committee, including Qiang Wei (March 2013-June 2016), Lu Xinshe (June 2016-March 2018), Liu Qi (March 2018-October 2021), Yi Lianhong (October 2021-December 2022), and Yin Hong (from December 2022 to present); and four changes in the Governor of Jiangxi Province, namely Lu Xinshe (June 2011-July 2016), Liu Qi (July 2016-August 2018), Yi Lianhong (August 2018-October 2021), and Ye Jianchun (since October 2021).
Currently, Lu Xinshe serves as the Director of the National People’s Congress Environment and Resources Protection Committee, while Liu Qi is the Secretary-General of the Standing Committee of the National People’s Congress. Yi Lianhong was recently investigated on February 10, 2026.
Yi Lianhong, born in 1959 in Hunan Province, has held positions in Hunan, Liaoning, Jiangxi, Zhejiang, and other regions, serving as the Party Secretary of Changsha, Shenyang, Governor of Jiangxi Province, Party Secretary of Jiangxi Province, and Party Secretary of Zhejiang Province. After stepping down as the Party Secretary of Zhejiang Province in 2024, he became the Deputy Director of the Financial and Economic Committee of the National People’s Congress.
According to official reports, during Yi Lianhong’s tenure in Jiangxi, he focused on economic and financial affairs. Shortly after his promotion to Governor of Jiangxi Province in August 2018, Yi Lianhong held an industry and financial cooperation meeting on November 8, 2018. He emphasized the need for financial institutions to increase funding for the real economy and expand the industrial investment and financing platform.
During his over four-year tenure as Governor and Party Secretary of Jiangxi Province from August 2018 to 2022, Gan Chengjiu and Xiao Xiaohua served as General Manager and Vice Chairman of Jiangxi Gold Control Group from April 2016 to April 2022; In April 2020, Qi Wei succeeded Wen Zhiming as the Party Secretary and Chairman of Jiangxi Gold Control Group.
On September 3, 2020, Governor Yi Lianhong presided over a symposium with financial institutions in Jiangxi. He urged the financial system of the province to accurately meet the funding needs of the real economy and strengthen the financial support.
During Yi Lianhong’s tenure as Governor and Party Secretary of Jiangxi Province, and Qi Wei’s term as Chairman of Jiangxi Gold Control Group, the company underwent capital increases and expansions in August 2021 and October 2022, with the registered capital increasing to 8 billion yuan.
After Yi Lianhong was investigated, the mainland newspaper “Economic Observer” reported that sources familiar with Yi Lianhong disclosed that during his tenure as Secretary of the Changsha Municipal Party Committee, he “promoted cronies, indulged family members, excluded colleagues, and suppressed dissidents on a large scale.”
Yi Lianhong’s son, Yi Shiwei, is considered one of the “Seven Young Masters” in the official circles of Hunan, who worked in a province-owned state-controlled financial enterprise in Hunan. Taking advantage of his father’s influence, Yi Shiwei seized projects and effortlessly received bonuses exceeding tens of millions of yuan from those projects.
Sources also revealed that not only Yi Shiwei but several other members of Yi Lianhong’s family also “grabbed wealth everywhere” following Yi Lianhong’s career changes. Besides indulging relatives and nephews to amass huge benefits, Yi Lianhong himself was often surrounded by businessmen.