长城新盛信托解聘总经理

Company Dynamics - Great Wall Xinsheng Trust Co., Ltd. announced the dismissal of its general manager, Xu Yongle, due to job adjustments, approved by the board on January 4, 2026 [2][4] - The company stated that this personnel change is part of normal business management and complies with relevant laws, regulations, and company articles [4] Background Information - Xu Yongle, aged 55, holds a PhD in Accounting from the Ministry of Finance's Fiscal Science Research Institute and has held various positions in financial institutions, including the Agricultural Development Bank of China and China Great Wall Asset Management [4][5] - Xu has served as the general manager of Great Wall Xinsheng Trust for nearly three years, with his appointment approved by the former Xinjiang Banking and Insurance Regulatory Bureau in March 2023 [5] Company Overview - Great Wall Xinsheng Trust is a non-bank financial institution established on the basis of restructuring the former Yili Kazak Autonomous Prefecture Trust Investment Company, with a registered capital of 300 million yuan and located in Urumqi [5] - The company is part of the AMC (Asset Management Company) sector, with its actual controller being Great Wall Asset Management, which holds a 35% direct stake and an additional 27% through a wholly-owned subsidiary [5] Financial Performance - The company has been struggling, with its net profit for 2025 estimated at approximately 2 million yuan, placing it at the bottom among 50 disclosed trust companies [5] - Great Wall Xinsheng Trust has reported losses for two consecutive years in 2021 and 2022 [5] License Update - On February 4, 2026, the company announced it had been approved to exchange for a new version of the "People's Republic of China Financial License," effective January 8, 2026, due to a change in business scope [6][7] - The business scope includes trust services, inherent asset liability business, and other services approved by the National Financial Supervision Administration [7]