The chairman of state-owned China Resources Holdings Co. has been stripped of his position as the firm’s Communist Party chief as part of a corruption investigation, state media said Saturday. The decision to dismiss Song Lin from his leadership position was made by the party’s Central Organization Department, the official Xinhua news agency said in a brief report. Xinhua didn’t give further details. The party’s internal corruption watchdog, the Central Commission for Discipline Inspection, said earlier in the week in a short statement that Mr. Song was being investigated for “suspected serious violations of discipline and law,” phrasing Chinese authorities typically use to refer to suspected corruption. Representatives at the Hong Kong and Shenzhen offices of China Resources couldn’t immediately be reached for comment. Mr. Song also couldn’t be reached for comment. In a statement posted to its website Friday, the company said that it was cooperating with the […]