On December 22, 2025, the Chinese Communist Party (CCP) officials confirmed for the first time that Li Minji, former chairman of Huaxia Bank, has been taken down. On January 27th this year, Huaxia Bank suddenly announced that the board of directors had received Li Minji’s written resignation report citing personal reasons. Prior to this, there were already reports that Li Minji had been taken away for investigation by relevant departments.
According to the Beijing Daily on December 22nd, the 13th Committee of the CCP Beijing Municipal Committee held its eighth plenary session, during which they deliberated and passed the “Resolution of the 8th Plenary Session of the 13th CCP Beijing Municipal Committee” and the “Review Report of the Beijing Municipal Discipline Inspection Commission on the Serious Violations of Discipline and Law by Li Minji”.
With this, the matter of Li Minji, former Party Secretary and Chairman of Huaxia Bank, has been officially confirmed by the authorities.
Public records show that Li Minji was born in January 1965 and is a senior economist. His professional career has been mainly in the financial state-owned background. He has previously served as a director and executive vice president of Beijing State-owned Assets Management Co., Ltd., the Party Secretary and Chairman of Beijing International Trust Co., Ltd., as well as Vice President of the China Trust Industry Association and Director of the China Trust Industry Security Fund Council.
In 2017, Li Minji joined Huaxia Bank and in March of the same year, he became the chairman of the bank. In December 2024, during the first meeting of the 9th Board of Directors of Huaxia Bank, Li Minji was re-elected as the chairman, becoming one of the longest-serving executives in the bank.
On January 27th this year, Huaxia Bank abruptly announced that the board had received Li Minji’s written resignation. Li Minji resigned from his positions as chairman, executive director, and committee member of the board for personal reasons, with his resignation taking effect from January 24th, three days earlier than the announcement date, just over a month after assuming the position of chairman of the 9th Board of Directors at Huaxia Bank.
On June 25th this year, the Standing Committee of the 14th National Committee of the Chinese People’s Political Consultative Conference approved the decision to revoke the qualification of Li Minji and others as members of the 14th National Committee of the CPPCC.
Public records indicate that Huaxia Bank was established in Beijing in October 1992 and is one of the 12 joint-stock banks in China. It underwent a joint-stock reform in March 1995, and in September 2003, it conducted its first public offering of stocks and was listed for trading, becoming the fifth listed bank in China.
According to official website information, by the end of 2023, Huaxia Bank had established 44 primary branches and 78 secondary branches in more than 120 cities in China, with branches also in Hong Kong. The bank holds controlling stakes in one financial leasing company, one wealth management company, and two rural banks, and is considered a systemically important bank in China.
As of the end of the third quarter of 2024, the top three shareholders of Huaxia Bank were Shougang Group Co., Ltd., State Grid Yingda International Holdings Group Co., Ltd., China People’s Property Insurance Co., Beijing Infrastructure Investment Co., Ltd., and Yunnan Hehe (Group) Co., Ltd. Among them, Shougang Group held a 21.68% stake.
Financial data shows that as of the end of the third quarter of 2024, Huaxia Bank’s total assets amounted to 4,345.642 billion yuan.