Song Lin China Resources’board chairman suspected of corruption

The continuous probe into an M&A case valuing billions of yuan three years ago finally led to some results. On July 17， Wang Wenzhi， chief journalist of Economic Review under Xinhua News Agency accused Song Lin， board chairman of China Resources Group （China Resources）， of the embezzlement and malpractice， which “led to the loss of billions of yuan”.

Song Lin had been working for China Resources for 27 years. He started from a grassroots worker to the top position of the well-known stateowned enterprise in China. With vast experiences in the battlefield of mergers and acquisitions， he likely would never expect that he was placed under so many suspects because of an acquisition case of coal assets.

Graduated from Tongji Universitys Engineering Department， Song Lin joined in China Resources in 1985. His first job needed him to carry heavy devices to measure the size of oil tanks. Then he worked as the general manager of China Resource Hong Kong Petroleum， director of China Resources and board chairman of China Resource Investment and Development Co.， Ltd.

In 2001， China Resources Initiative， an important part of China Resources， was seriously criticized by the haunting depression. On November 26 of that year， Song Lin was appointed vice board chairman of that company to assist Ning Gaoning， the board chairman， in planning the new development pattern of China Resources Initiative.

He made remarkable contributions to that company then and took the place of Ning Gaoning as the general manager of China Resources in 2004. Four years later， he began to chair the entire group.

In the new post， he brought China Resources to a new high level. In July 2013， China Resources was ranked at the 187th place in the list of Fortune 500. And he was considered to be a “low-profile and practical person”.