On May 22 and 26, 2026, Li Baosheng, former Senior Deputy Manager, and Xi Ronggui, former Deputy General Manager of the Guangdong Branch of China Construction Bank (CCB Guangdong Branch), were successively investigated. Xi Ronggui had transferred from CCB in 2018 to work as the CEO of the real estate company Hesheng Chuangzhan Group, before moving on to executive positions in private equity and other areas.
On May 26, 2026, the website of the Communist Party of China’s Central Commission for Discipline Inspection and State Supervision Commission announced that Xi Ronggui, former Party Committee member and Deputy General Manager of CCB Guangdong Branch, was under investigation for serious disciplinary violations.
Born in 1972 in Meizhou, Guangdong, Xi Ronggui graduated from Hunan University of Finance and Economics (now Hunan University) with a bachelor’s degree in economics and a master’s degree in management from South China University of Technology. He had 23 years of experience working at CCB, holding various positions including General Manager of the Business Department at the Guangdong Branch from 2009 to 2014, as well as serving as a Party Committee member and Deputy General Manager until he resigned in 2018 to join the real estate industry.
Just four days before Xi Ronggui was investigated, Li Baosheng, former Senior Deputy Manager of CCB Guangdong Branch, was officially announced to be under investigation on May 22, 2026.
Li Baosheng had long been working within the CCB system, serving as Party Committee Secretary and President of the Yunfu City Branch, as well as Party Committee Secretary and President of the Dongguan City Branch, and later as a Senior Deputy Manager of the Guangdong Branch.
Xi Ronggui and Li Baosheng had a long history of working together within the Guangdong CCB system.
In September 2018, Xi Ronggui joined Hesheng Chuangzhan Group as Executive Director and CEO, overseeing the overall management of the real estate business. However, after just two years, he abruptly resigned before completing his term in 2020.
According to Hesheng Chuangzhan’s annual report, Xi Ronggui received salaries of 1.906 million Hong Kong dollars, 5.519 million Hong Kong dollars, and 4.517 million Hong Kong dollars from 2018 to 2020.
Established in 1992, Hesheng Chuangzhan became the first “billion-dollar real estate enterprise” on the Chinese mainland in 2004, earning the reputation of being the “aircraft carrier of the real estate industry” and being listed among the “top five real estate companies” alongside Evergrande, Country Garden, Agile Group, and R&F Properties.
After leaving Hesheng Chuangzhan, Xi Ronggui continued to work in various fields such as private equity, urbanization investment, and agricultural industry, holding positions such as Senior Financial Advisor at the Greater Bay Area Economic and Cultural Promotion Association, Chairman of Guangdong Tianhong Capital Private Equity Fund Management Co., Ltd., and President of Zhongcheng New Urbanization Fund Management Company.
Starting from 2024, Xi Ronggui began appearing frequently in public as the Chairman and General Manager of Yuemin Agricultural Technology (Guangdong) Co., Ltd.
Just two months before Xi Ronggui was investigated, he attended public events. According to Yuemin Agricultural Technology news, on March 5, 2026, the Macau Municipal Bureau visited the Yongren Blueberry Base, where Xi Ronggui, as the General Manager of Yuemin Agricultural Technology, and Deputy General Manager Zhou Bo, attended and engaged in discussions.
Alongside Xi Ronggui’s move from CCB Guangdong Branch to Hesheng Chuangzhan Group in 2018, in August 2018, Huang Xi, former General Manager of the Institutional Business Department of CCB, left to join Taixi Group, a real estate company based in Fuzhou, as Executive Vice President. Huang Xi had held various positions within CCB including Deputy General Manager of Customer Department, Deputy General Manager and General Manager of Investment Banking Department, and General Manager of Asset Management Department (Investment Banking Department).
On March 16, 2022, Taixi Group announced that its Chairman, Richard Huang, was assisting relevant departments in an investigation. On March 18, Jiemian News learned that Huang Xi, Executive Vice President of Taixi Group, and Lin Wenhua, Vice President of the Group, had also been taken away to assist in the investigation.
Both Huang Xi and Lin Wenhua were core executives of CCB before moving to Taixi Group. Lin Wenhua had previously served as Deputy General Manager of Guangdong Branch of CCB. Taixi Group’s Chairman, Richard Huang, had previously worked at CCB Fujian Branch.
In May 2022, Huang Xi was officially investigated. In November 2025, he was charged with receiving more than 53 million yuan in bribes, sentenced to 14 years in prison, and fined 4 million yuan. According to official reports, after joining the real estate industry, Huang Xi took advantage of his accumulated power and connections during his time at CCB to facilitate illegal access of bank credit funds for Taixi Group, receiving substantial benefits under the guise of settling expenses and executive compensation.
Public reports indicate that since 2026, multiple high-ranking officials within the CCB system have been investigated. In January, Hao Zijian, former Party Committee Secretary and President of CCB Qingdao Branch, was investigated; in February, Hu Wenfeng, former Deputy Party Committee Secretary and Deputy General Manager of CCB Shanxi Branch, was investigated.
In addition, in January 2026, Gao Qiang, former Party Committee Secretary and President of CCB Zhejiang Branch, was expelled from the party, while Chen Kunxiong, former Senior Deputy Manager of CCB Shenzhen Branch, was dismissed and expelled from the Chinese Communist Party. In April, Li Siying, former Party Committee Secretary and President of CCB Guangxi Zhuang Autonomous Region Branch, was also expelled from the CCP.