Chongqing Rural Commercial Bank’s former president and chairman Xie Wenhui was investigated on September 12, 2026. Over two months ago, Sui Jun, the former president of Chongqing Rural Commercial Bank who had worked closely with Xie Wenhui for a long time, surprisingly resigned from his position.
At the end of 2025, Chongqing Rural Commercial Bank was fined a total of 8.7 million yuan for issues such as improper loan reviews. The former vice president Shu Jing and the then chief credit officer Feng Hongwei were banned for life; Shu Jing was investigated in March 2024.
On September 12, 2026, according to the website of the Central Commission for Discipline Inspection of the Communist Party of China and the National Supervisory Commission, Xie Wenhui, the former Party Secretary and Chairman of Chongqing Yufu Holdings Group Co., Ltd., was under investigation for alleged serious violations of discipline and law.
On August 21, 2026, Chongqing Yufu Holdings Group announced that they had received relevant documents from the Chongqing Municipal Government removing Xie Wenhui from his position as chairman.
Chongqing Yufu Holdings Group Co., Ltd. was established in 2004 with the approval of the Chongqing Municipal Government as the first locally state-owned comprehensive asset management company. In 2023, it was positioned as a state-owned industry capital investment operation company focusing on advanced manufacturing and strategic emerging industries. As of the end of 2025, Yufu Holdings’ total assets exceeded 538 billion yuan.
Public records show that Xie Wenhui was born in Chongqing in January 1972 and obtained a master’s degree in Precision Instruments and Machinery from Chongqing University in 1997. After graduating, he started working at the Industrial and Commercial Bank of Zhuhai Software Development Center and was promoted to Deputy Manager of the Technology Department of the Chongqing Branch of the Industrial and Commercial Bank within a year.
In January 2007, Xie Wenhui joined the precursor of Chongqing Rural Commercial Bank – the Chongqing Rural Credit Union, where he held positions such as Deputy General Manager of the Technology Department and Assistant General Manager. In August 2008, he became the General Manager and Deputy General Manager (in charge of work) of the Technology Department of Chongqing Rural Commercial Bank. In May 2011, he was appointed as a member of the Party Committee and Deputy President of Chongqing Rural Commercial Bank. In December 2013, he was promoted to Vice Secretary of the Party Committee and President of Chongqing Rural Commercial Bank, and in April 2022, he became the Chairman of Chongqing Rural Commercial Bank. From October 2024 to August 2026, Xie Wenhui was the Chairman of Chongqing Yufu Holdings Group Co., Ltd. However, within less than two years of tenure, he was dismissed and investigated.
Chongqing Rural Commercial Bank, which Xie Wenhui led for a long time, was established in 2008 and approved by the State Council of the People’s Republic of China as a provincial joint-stock rural commercial bank. Its predecessor was the Chongqing Rural Credit Cooperative established in 1951, and in 2010, it went public on the Hong Kong H-share main board, becoming the first listed rural commercial bank in China and the first listed bank in the western region. In 2019, it was listed on the Shanghai Stock Exchange, achieving an “A+H” share listing. As of the end of the first half of 2025, its total assets amounted to 1.63 trillion yuan; by the end of the third quarter of 2025, its asset size ranked first among rural commercial banks nationwide.
On July 22, 2026, Chongqing Rural Commercial Bank announced that due to work adjustments, Sui Jun resigned from his positions as Executive Director, President, Chief Compliance Officer, and no longer served as Chairman of the Risk Management Committee of the Board and Chairman of the Consumer Rights Protection Committee.
According to the official WeChat account of Chongqing Hua Yi Holdings Group, the Chairman of Chongqing Hua Yi Holdings Group conducted investigations at several enterprises from July 15 to 16, 2026. Among them, Sui Jun participated in the research as an external director at Chongqing Hua Yi full-time.
Public records show that Sui Jun was born in December 1968 and is less than 58 years old. He graduated in Agricultural Economics from the Southwestern University of Finance and Economics and worked in the Construction Bank system in his early years. In 2004, he entered the Chongqing Agricultural Credit System and led the Jiangjin District Credit Union and participated in the reform of the credit system. After the transformation, he successively held positions such as President of the Jiangjin Branch of Chongqing Rural Commercial Bank, General Manager of the Head Office Operations Department, Deputy President of the Head Office, and Chairman of Chongqing Auto Finance Co. Ltd., working closely with Xie Wenhui for a long time. In 2016, he was transferred as Deputy President of Chongqing Bank and retur…