China Resources Holdings

China Resources Holdings operates businesses in consumer products, energy, urban construction and operation, healthcare, industrial finance, and technology. Registered in Hong Kong, the diversified group spans beer, water, gas, property development and pharmaceuticals. Its businesses and brands include Snow Beer, Yibao Water, China Resources Vanguard and China Resources Land, connecting everyday consumer goods with infrastructure and industrial operations.

The group traces its origins to Liow & Co., established in Hong Kong in 1938 with Yang Lianan as founder. Renamed China Resources in 1948 and restructured as a holding company in 1983, it developed from a trading agency into an industrial group. It has been under direct SASAC supervision since 2003. Wang Haimin serves as chairman, while Wang Cuijun is director and general manager.

Its technology operations include China Resources Microelectronics, which develops mixed-signal and power-IC manufacturing processes across 6-, 8- and 12-inch wafer lines. Its platforms cover analog, high-voltage and MEMS processes, alongside customized manufacturing platforms. The group's holdings also expanded through Konka's completed A-share control transfer in July 2025: China Resources subsidiary Panshi Runchuang received a 21.76% stake without consideration, making China Resources Konka's actual controller while ultimate SASAC control remained unchanged.