Recently, the change of chairman at China Resources Group has sparked attention from the public.
On July 23, China Resources Group held a meeting for senior management personnel, during which a relevant official from the Organization Department of the CPC Central Committee announced the central decision: Wang Haimin will become the chairman of China Resources (Group) Co., Ltd., replacing his position as chairman of China Travel (Group) Co., Ltd.; Wang Xiangming’s role as chairman of China Resources (Group) Co., Ltd. has been dismissed.
As of now, there has been no official announcement regarding Wang Xiangming’s next move after being dismissed.
On the “Board of Directors” section of the China Resources Group official website, the photo of the newly appointed chairman, Wang Haimin, has replaced the previous one.
Publicly available information shows that Wang Haimin was born in 1972 and has had a long career in the shipping industry, holding positions in several core enterprises of the China Ocean Shipping Group. In June 2022, he was transferred to the position of director and general manager at China Travel (Group) Co., Ltd., and promoted to chairman in June 2024.
Prior to joining China Resources, former chairman Wang Xiangming had a long career in the Chinese construction industry. In March 2019, he was appointed as a director and general manager of China Resources Group; from December 2019 to May 2022, he also served as the chairman of the board of China Resources Land (continuing to hold this position after becoming chairman of China Resources Group in July 2020), making him one of the few managers in the history of the development of China Resources Group to directly hold the position of chairman of China Resources Land.
In July 2020, Wang Xiangming was promoted to chairman of China Resources Group, and he resigned as chairman of the board of China Resources Land in May 2022.
China Resources Group is a core central enterprise directly supervised by the State-owned Assets Supervision and Administration Commission of the State Council. It is one of the largest comprehensive enterprise groups in China, with business operations spanning across real estate, pharmaceuticals, electricity, beer, retail, gas, cement, finance, and other fields. It owns several listed companies including China Resources Land, China Resources Beer, China Resources Pharmaceutical, and China Resources Power, and holds an important position among central enterprises of the CPC.
China Resources Land, as the core main business unit of the group, is involved in various real estate sectors such as residential development, shopping centers, urban renewal, and affordable rental housing, making it a leading real estate company in the industry.
In recent years, numerous senior executives of Chinese state-owned enterprises have been investigated, including Han Song, a member of the CPC Committee and deputy general manager of China Resources Group.
At the end of February this year, an official report stated that Han Song was suspected of serious violations of discipline and law, and voluntarily surrendered to the authorities for investigation. The report did not specify the details of the investigation against Han Song.
At the beginning of 2026, during the annual work conference of China Resources Group in Shenzhen, Han Song was not listed among the group’s leadership reported at the meeting. On January 24, Han Song was allowed to resign from the 13th Xinjiang Committee of the Chinese People’s Political Consultative Conference, only 8 days after his absence from the group’s annual work conference.
China Resources Group had previously experienced a major corruption case. In 2014, the then chairman of China Resources Group, Song Lin, was investigated for serious violations of discipline and law and was later sentenced to 14 years in prison. The Song Lin case had caused quite a stir at the time and made China Resources Group one of the important anti-corruption cases among Chinese state-owned enterprises.