Core Viewpoint - The 20th Central Committee's Fourth Plenary Session outlines a grand blueprint for Chinese-style modernization, initiating a new journey of comprehensive deepening reform, with CITIC Financial Assets exploring a new path for reform and transformation in financial asset management [1] Group 1: Leadership and Strategic Direction - The fundamental reason for the historic achievements in comprehensive deepening reform is the adherence to the Party's overall leadership, which CITIC Financial Assets integrates into all aspects of reform and development [2] - CITIC Financial Assets has established the "One Three Five" strategic goal, aiming for significant improvements in performance over the next five years, with a focus on serving the real economy and mitigating financial risks [2] Group 2: Performance and Achievements - In 2023, CITIC Financial Assets successfully completed major tasks including rebranding, turning losses into profits, and stabilizing development, achieving a net profit of 9.618 billion yuan, the best performance in six years [3] - By the first half of 2025, the net profit is projected to reach 6.168 billion yuan, with an annualized return on equity (ROE) of 21.1%, marking a continuous increase in operational performance [3] Group 3: Reform and Governance - CITIC Financial Assets has implemented a tailored "One Company One Policy" reform approach, allowing for customized strategies for each branch based on their unique circumstances, which has led to significant performance improvements [4] - The company has made substantial progress in internal reforms, optimizing subsidiary layouts and management processes, which has enhanced operational efficiency and laid a solid foundation for high-quality development [5] Group 4: Technological Empowerment - The company is advancing its digital transformation by leveraging new technologies such as AI, big data, and mobile internet to enhance service efficiency and create a "smart financial asset management company" [6] - CITIC Financial Assets has developed an asset-centered information management platform and has prioritized cybersecurity, demonstrating a deep integration of technology and business operations [7] Group 5: Market Recognition and Future Goals - Over the years, CITIC Financial Assets has achieved a market value increase of 544%, gaining inclusion in major indices such as the Hang Seng Index and MSCI China Index, showcasing its successful reform and transformation [7] - The company aims to become a benchmark in the non-performing asset industry during the 14th Five-Year Plan period, contributing significantly to the modernization of China's financial sector [7]

Core Viewpoint - The 20th Central Committee's Fourth Plenary Session outlines a grand blueprint for Chinese-style modernization, initiating a new journey of comprehensive deepening reform, with CITIC Financial Assets exploring a new path for reform and transformation in financial asset management [1] Group 1: Leadership and Strategic Direction - The fundamental reason for the historic achievements in comprehensive deepening reform is the adherence to the Party's overall leadership, which CITIC Financial Assets integrates into all aspects of reform and development [2] - CITIC Financial Assets has established the "One Three Five" strategic goal, aiming for significant improvements in operational quality and efficiency over the next five years, with a clear development plan for the 14th Five-Year Plan [2] Group 2: Performance and Financial Results - In 2023, CITIC Financial Assets successfully completed three major tasks: rebranding, turning losses into profits, and stabilizing development, achieving a net profit of 9.618 billion yuan, the best performance in six years [3] - By the first half of 2025, the net profit reached 6.168 billion yuan, with an annualized average return on equity (ROE) of 21.1%, marking three consecutive increases in operational performance [3] Group 3: Reform and Governance - CITIC Financial Assets has implemented a tailored "One Company One Policy" reform approach, allowing for customized development plans and assessment methods for each branch, which has effectively stimulated internal motivation and operational vitality [4] - The company has made significant strides in internal reforms since 2022, enhancing organizational decision-making and management processes, thereby laying a solid foundation for high-quality development [5] Group 4: Technological Empowerment - The company emphasizes the importance of digital intelligence in enhancing service efficiency, leveraging new technologies such as mobile internet, big data, and artificial intelligence to drive its transformation into a "digital intelligent financial asset management company" [6] - CITIC Financial Assets has integrated AI technology across various operational aspects, including due diligence and compliance management, and has developed an asset-centered information management platform [7] Group 5: Market Position and Future Goals - Over the years, CITIC Financial Assets has achieved a market value increase of 544%, gaining inclusion in major indices such as the Hang Seng Index and MSCI China Index, showcasing its successful reform and transformation [7] - The company aims to become a benchmark in the non-performing asset industry during the 14th Five-Year Plan period, contributing significantly to the modernization of China's financial sector [7]