Group 1 - The core point of the article is the appointment of Song Weigang as the new president of China Cinda Asset Management Co., Ltd. following the transfer of equity from the Ministry of Finance to Central Huijin Investment Ltd. [2][5] - Song Weigang, born in 1975, will become the youngest president in the history of the four major Asset Management Companies (AMCs) in China [5]. - Prior to this appointment, Song held various key positions in the Ministry of Finance and financial regulatory bodies, showcasing a diverse career in finance [5][6]. Group 2 - As of June 30, 2025, China Cinda reported total assets of 1.68 trillion yuan, a 2.62% increase from the previous year, but a decline in total revenue by 2% to 34.362 billion yuan [6]. - The return on assets (ROA) for China Cinda has dropped to a historical low of 0.11%, indicating challenges in asset management performance [6]. - The company has seen a significant increase in the acquisition of non-performing loans, with a 47.55% year-on-year growth, totaling 26.581 billion yuan in new acquisitions [6][7].