Wang Haimin, aged 54, has taken over the role of Chairman of China Resources (Group) Co., Ltd. from Wang Xiangming, who is 63 years old.

On July 23, 2026, China Resources Group held a meeting for mid-level and senior managers. A representative from the Organization Department of the Central Committee announced the central government's decision to adjust the company's leadership: Wang Haimin will succeed Wang Xiangming as the new Chairman, and his previous role as Chairman of China Tourism Group Corporation Limited (also known as Hong Kong China Travel Service (Group) Co., Ltd.) has been concurrently terminated.

Between July 23 and 24, 2026, multiple informed sources confirmed this development. Concurrently, China Resources Group has circulated an internal notice regarding this change and has updated the management information on its official website.

Professional Background of Wang Haimin

Wang Haimin, originally from Liaoning Province, was born in July 1972. He earned his undergraduate degree from Shanghai Maritime University (formerly Shanghai Maritime College). After graduation, he joined China COSCO Shipping Corporation Limited. In February 2019, he was appointed as Vice President and a member of the Party Leadership Group of the company. By May 2020, he had risen to the position of Director and Deputy Secretary of the Party Leadership Group. In June 2022, Wang left COSCO Shipping to become the General Manager and Director of China Tourism Group, and he was promoted to Chairman of that group in June 2024.

Professional Background of Wang Xiangming

Wang Xiangming, born in August 1963 and a native of Huaiyuan, Bengbu, Anhui Province, spent many years at China State Construction Engineering Corporation. In May 2016, he became its General Manager, Director, and Deputy Secretary of the Party Leadership Group. He transitioned to China Resources Group in March 2019 as its General Manager and Director, and was later appointed as its Chairman in May 2022.

Corporate Scale and Rankings

China Tourism Group, China Resources Group, China COSCO Shipping Corporation, and China State Construction Engineering Corporation are all centrally administered state-owned enterprises under the supervision of the State-owned Assets Supervision and Administration Commission. According to their respective official websites, as of the end of 2025, China Tourism Group had over 42,000 employees and total assets exceeding 200 billion yuan. Meanwhile, China Resources Group employed approximately 392,000 people, with total assets surpassing 2.7 trillion yuan in 2024. Its revenue that year reached 932.7 billion yuan, and its total profit was 92.6 billion yuan. In the 2025 Fortune Global 500 rankings, China Resources Group was listed at 67th place.