List of Central State-Owned Enterprises (99 in total): Abbreviations and Current Top Leaders!

China Nonferrous Metal Mining Group Co., Ltd. (abbreviated as China Nonferrous Group) was established in 1983 and is a large central state-owned enterprise supervised by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC). Its core businesses include nonferrous metal mineral resource development, construction engineering, and related trading and services. As of now, the group’s total assets amount to RMB 124.8 billion; it holds controlling stakes in 171 enterprises both domestically and overseas, with four of its subsidiaries listed on stock exchanges at home and abroad. 66 China Rare Earth Group Co., Ltd. Leader: Liu Leiyun Leader Profile: Liu Leiyun, born in July 1965, is of Han ethnicity. In November 2024, Liu Leiyun was appointed Chairman of China Rare Earth Group Co., Ltd., and concurrently relieved of his position as General Manager of the same company. Company Profile: China Rare Earth Group Co., Ltd. (abbreviated as “China Rare Earth Group”) was founded on December 23, 2021, in Ganzhou City, Jiangxi Province. It was formed through the restructuring and integration of rare earth assets belonging to Aluminum Corporation of China Limited (Chalco), China Minmetals Corporation, and Ganzhou Rare Earth Group Co., Ltd., with the addition of two science-and-technology-oriented enterprises—China Iron and Steel Research Institute Group Co., Ltd. and China Academy of Rare Metals Group Co., Ltd. It is a diversified-equity central state-owned enterprise directly supervised by SASAC. 67 China Resource Recycling Group Co., Ltd. Leader: Liu Yu Leader Profile: Liu Yu, male, of Han ethnicity, born in August 1968 in Fengxian County, Jiangsu Province. He holds a Bachelor’s degree in Applied Physics from the Department of Physics, Shandong University. He currently serves as Chairman of China Resource Recycling Group Co., Ltd. Company Profile: China Resource Recycling Group Co., Ltd. (abbreviated as “China Resource Recycling”) is a central state-owned enterprise established to support the development of a green, low-carbon, circular economy system and comprehensively advance the construction of a Beautiful China. Founded in October 2024 and headquartered in Tianjin, the company was jointly funded by the State Council, China Baowu Steel Group Corporation Limited, China Petroleum & Chemical Corporation (Sinopec), China Resources (Holdings) Co., Ltd., Aluminum Corporation of China Limited (Chalco), and China Minmetals Corporation. The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) represents the State Council in fulfilling its role as the investor. Establishing China Resource Recycling will accelerate the development of a national resource recycling and utilization system, playing a vital role in safeguarding national resource security, achieving carbon peak and carbon neutrality goals, and promoting ecological civilization. 68 China Academy of Rare Metals Group Co., Ltd. Leader: Zhao Xiao-chen Leader Profile: Zhao Xiao-chen currently serves as Chairman of China Academy of Rare Metals Group Co., Ltd. Company Profile: China Academy of Rare Metals Group Co., Ltd. (formerly Beijing General Research Institute for Nonferrous Metals), abbreviated as “China Academy of Rare Metals”, was founded in 1952. It is a leading research and development institution and high-tech industrial incubator in China’s nonferrous metals industry, under the administration of SASAC. In fields such as new nonferrous metal materials development and application, mineral processing and metallurgy, and analytical testing, it operates over 50 affiliated entities—including platform innovation companies, high-tech industrial enterprises, investment firms, publishing houses, and service providers—with R&D, technology service, and high-tech industrial bases located across Beijing, Hebei, Shandong, Shanxi, Shanghai, Anhui, Jiangxi, Sichuan, Chongqing, Fujian, Guangdong, as well as in the United Kingdom and Thailand. 69 Sinomine Resource Group Co., Ltd. Leader: Han Long Leader Profile: Han Long, male, of Han ethnicity, born in April 1964 in Nanchang City, Jiangxi Province. He joined the workforce in October 1989, graduated with a Bachelor’s degree from the Department of Automation, Tsinghua University, and earned a Master’s degree in Mineral Processing Engineering from Beijing General Research Institute of Mining and Metallurgy. He holds the title of Senior Engineer.

New Central SOE! Market-Oriented Restructuring: China Resource Recycling Group Co., Ltd. Established

China Resource Recycling Group Co., Ltd. (China Resource Recycling Group) held its founding ceremony on the morning of October 18 in Tianjin. The establishment of China Resource Recycling Group Co., Ltd.—aimed at building a world-class industrial group specializing in resource recycling and reuse—is an important strategic decision made by China to improve the green, low-carbon, circular economic system and comprehensively advance the construction of a Beautiful China. This newly formed central state-owned enterprise will focus exclusively on resource recycling and reuse, assuming the critical mission of building a nationwide, functional platform for resource recovery and reuse. With registered capital of RMB 10 billion, the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) represents the State Council in fulfilling its investor responsibilities. In terms of equity structure, SASAC, China Baowu Steel Group Corporation Limited, China Petroleum & Chemical Corporation (Sinopec), and China Resources (Holdings) Co., Ltd. each hold 20%, while Aluminum Corporation of China Limited (Chalco) and China Minmetals Corporation each hold 10%. China Resource Recycling Group has officially joined the ranks of central state-owned enterprises, becoming the 98th central SOE under SASAC supervision. On October 18, SASAC’s official website also published the official appointment and removal notice for the leadership of China Resource Recycling Group. • Liu Yu was appointed Party Secretary and Chairman of China Resource Recycling Group Co., Ltd.; • Zhu Jianchun was appointed Deputy Party Secretary and Director of China Resource Recycling Group Co., Ltd., and nominated as General Manager candidate; • Han Hui was appointed Deputy Party Secretary and Director of China Resource Recycling Group Co., Ltd.; • Chen Yunlong was appointed Member of the Party Committee Standing Committee of China Resource Recycling Group Co., Ltd., and nominated as Vice General Manager candidate; • Wang Weidong was appointed Member of the Party Committee Standing Committee of China Resource Recycling Group Co., Ltd., and nominated as Chief Accountant candidate; • Yan Gequn was nominated as Vice General Manager of China Resource Recycling Group Co., Ltd.; • Wen Feng was appointed Member of the Party Committee Standing Committee of China Resource Recycling Group Co., Ltd., and nominated as Vice General Manager candidate.

Former Chairman of China Resource Recycling Group Liu Yu Expelled from Party and Public Office

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Liu Yu, former chairman of China Resource Recycling Group, was expelled from the Party and public office after investigations revealed serious violations including bribery and abuse of power in project contracting.

caixin

2026-09-24

Former Chairman of China Resource Recycling Group Liu Yu Expelled from Party and Public Office

Former Chairman of China Resource Recycling Group Liu Yu Expelled from Party and Public Office

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