获批！中信旗下保险资管迎新任总经理

Core Viewpoint - The appointment of Chen Zhengyu as the new general manager of CITIC Prudential Asset Management marks a significant leadership change in the company, which has been facing challenges in asset management scale and financial performance [2][3]. Group 1: Leadership Changes - Chen Zhengyu has been appointed as the general manager of CITIC Prudential Asset Management, effective from August 19, 2025, making him the second general manager since the company's establishment over five years ago [2]. - Prior to this role, Chen Zhengyu held various positions within the CITIC Prudential group, including deputy secretary of the party committee and general manager of CITIC Prudential Life Insurance [2]. - The previous general manager, Zhao Xiaofan, left the position due to reaching the statutory retirement age and was later investigated for misconduct [3]. Group 2: Company Performance - As of the end of 2023, CITIC Prudential Asset Management had an asset management scale of 227.2 billion yuan, which is below the median of 326.8 billion yuan among 35 insurance asset management institutions [4]. - The company manages approximately 180 billion yuan in insurance funds and around 40 billion yuan in portfolio products, with a limited number of debt investment plans [4]. - CITIC Prudential Life Insurance, the parent company, reported net losses of approximately 800 million yuan in 2023 and 1 billion yuan in 2024, with insurance business revenue declining from 31.5 billion yuan in 2023 to 29.9 billion yuan in 2024 [4]. Group 3: Capital Increases - In February 2024 and February 2025, CITIC Prudential Life completed capital increases of 25 billion yuan each, raising the total registered capital to 7.36 billion yuan [5].