Core Viewpoint - China Cinda (01359.HK) has received approval from the financial regulatory authority for Song Weigang to serve as the company's director and president, effective from December 31, 2025, for a term of three years, with the possibility of re-election [1] Group 1 - Song Weigang has been appointed as the executive director of the company [1] - His appointment as president will also take effect on December 31, 2025 [1] - Song Weigang will serve as a member of the company's Strategic Development Committee [1]

Core Viewpoint - China Cinda (01359) has received approval from the financial regulatory authority for Mr. Song Weigang to serve as the company's director and president, effective from December 31, 2025, for a term of three years, with the possibility of re-election [1] Group 1 - Mr. Song Weigang will assume the role of executive director of the company [1] - His appointment as president will also take effect on December 31, 2025 [1] - Mr. Song will be a member of the company's Strategic Development Committee [1]

Group 1 - The Shenzhen Financial Regulatory Bureau has imposed a fine of 500,000 yuan on China Orient Asset Management Co., Ltd. Shenzhen Branch for conducting asset disposal business in violation of regulations and failing to manage risk classification as required [1][2] - The responsible individual, Sheng Lian, received a warning in connection with the violations [1][2] - China Orient Asset Management Co., Ltd. was established in October 1999 and transformed into a joint-stock company in September 2016, with a mission to safeguard state-owned assets, mitigate financial risks, and promote state-owned enterprise reform [2]

Group 1 - The core point of the article is the resignation of Mr. Chen Xiaowu, a non-executive director of China Cinda (01359), due to retirement at the age limit [1] - Mr. Chen's resignation includes his positions as the chairman of the Risk Management Committee, a member of the Strategic Development Committee, and a member of the Nomination and Remuneration Committee [1]

Core Viewpoint - The article discusses the role of China Cinda Asset Management in addressing real estate risks during the "14th Five-Year Plan" period, highlighting its involvement in various projects across multiple cities and its strategies for risk resolution in the real estate sector [1][2][3]. Group 1: Company Involvement in Real Estate Projects - China Cinda has participated in 43 cities' projects to ensure the delivery of homes and buildings, completing its tasks during the "14th Five-Year Plan" [1]. - The company has invested 12 billion yuan in the Xi'an project, which has successfully sold 1,006 units, demonstrating its effective management and development capabilities [2][3]. Group 2: Risk Resolution Strategies - The company employs a dual approach of "blood transfusion" and "blood production" to support troubled real estate projects, focusing on both funding and sustainable development [4][5]. - China Cinda has initiated 191 real estate risk resolution projects from 2022 to September 2025, ensuring the delivery of approximately 130,000 homes [2][4]. Group 3: Financial Performance and Growth - As of June 2025, China Cinda's total assets reached 1.68 trillion yuan, reflecting a 2.62% increase from the end of 2024 [2]. - The company reported a net profit of 2.281 billion yuan for the first half of 2025, marking a 5.8% year-on-year growth, indicating a recovery in profitability [6]. Group 4: Future Outlook - Looking ahead to 2026, China Cinda aims to focus on high-quality urban renewal, revitalizing troubled real estate projects, and exploring opportunities in non-residential sectors and restructuring [7].

Core Viewpoint - During the "14th Five-Year Plan" period, China Cinda has successfully completed its tasks related to ensuring the delivery of housing and projects, actively participating in risk resolution in the real estate sector across 43 cities in China [2][3]. Group 1: Financial Performance and Strategy - As of June 2025, China Cinda's total assets reached 1.68 trillion yuan, reflecting a 2.62% increase from the end of 2024 [3]. - The company aims to be a problem solver for distressed real estate and a value investor in operational real estate, adapting to market changes and policy directions [3][8]. - China Cinda has invested 945 billion yuan to facilitate the resumption of projects valued at approximately 4.524 trillion yuan, achieving a leverage ratio of 1:5 [5]. Group 2: Project Management and Risk Resolution - The company has engaged in 191 real estate risk resolution projects from 2022 to September 2025, ensuring the delivery of around 130,000 housing units [2][3]. - China Cinda employs a multi-faceted approach to project management, involving collaboration with various stakeholders, including government departments and financial institutions, to address issues across the entire business chain [4][5]. - The company has successfully restructured projects like the Henan Kangqiao project, injecting funds and management expertise, resulting in the delivery of over 6,400 housing units and resolving 2 billion yuan in construction payments [3][5]. Group 3: Future Outlook and Development - Looking ahead to 2026, China Cinda plans to focus on high-quality urban renewal, revitalizing distressed real estate projects, and exploring opportunities in non-residential sectors and restructuring [8]. - The company is transitioning from merely providing financial support to offering comprehensive solutions that include substantial restructuring and operational management [8].

Core Viewpoint - The company emphasizes its commitment to the guidance of Xi Jinping's Thought on Socialism with Chinese Characteristics for a New Era, focusing on implementing the decisions of the Party's 20th National Congress and subsequent meetings, while enhancing the integration of Party leadership into corporate governance [2][11] Group 1: Risk Management - The company has intensified efforts in risk resolution, particularly in the financial non-performing asset market, ensuring that systemic risks are effectively managed [12] - There is a proactive approach to addressing risks associated with non-bank financial institutions, including trust plans, wealth management products, and securities asset management [12] - The company plays a role in financial rescue and counter-cyclical adjustments, participating in risk resolution in key areas such as real estate, local government debt, and small financial institutions, contributing to regional economic stability [12] Group 2: Support for the Real Economy - The company integrates into national strategies, increasing financial support for key sectors and vulnerable areas, and actively engages in the "Five Major Financial Articles" [4] - It supports the deepening of state-owned enterprise reforms and the growth of the private economy and enterprises [4] - The company has been involved in bankruptcy restructuring, helping distressed companies recover, and has been recognized for leading projects that are among the top ten "National Bankruptcy Classic Cases" [4][12] - The company has made social contributions, donating 5.58 million Hong Kong dollars for disaster relief and engaging in rural revitalization efforts [4][12] Group 3: Development and Reform - The company has joined the China Investment Corporation system, marking the beginning of a new phase of high-quality development [14] - It focuses on customer-centric strategies, fostering strategic client relationships, and enhancing the ecosystem for non-performing assets [14] - The company emphasizes the importance of correct performance and risk perspectives, aiming for sustainable and high-quality development [14] Group 4: Future Outlook - The company reflects on the achievements of 2025 and prepares for the new strategic development phase in 2026, emphasizing the need to explore development paths that align with national needs [15] - It aims to continue its role in risk prevention and resolution while serving the real economy effectively [15]

Core Viewpoint - The current real estate market in China is undergoing a deep adjustment and transformation, with a focus on revitalizing existing assets, ensuring public welfare, and restoring market confidence. The intervention of the financial "national team" plays a crucial role in supporting the revival of major complex projects [1]. Group 1: Project Overview - The "Baidaitou Riverside Park" project, located in the core area of Yangpu Riverside in Shanghai, is a typical example of rebirth through bankruptcy restructuring. Initially recognized for its high-quality residential community, the project faced stagnation due to financial issues of the original developer [1][2]. - The project is strategically positioned within the "One River, One River" world-class waterfront area and is considered a prime asset in the city, located approximately 300 meters from the Huangpu River [2]. Group 2: Financial Intervention - China Great Wall Asset Management Co., Ltd. intervened as a restructuring investor, injecting new funds to restart the project, which is part of a systematic risk resolution and asset revitalization plan [3]. - The company adheres to the core principles of "ensuring delivery, safeguarding livelihoods, and maintaining stability," forming a comprehensive restructuring plan for debt resolution and subsequent project operations [3]. Group 3: Project Progress - Under the guidance and support of the Yangpu District government, construction has fully resumed, with significant works on residential renovations and public area enhancements underway to ensure high-quality delivery of sold units [3]. - An unsold building within the project is expected to be reintroduced to the market following progress in construction [3]. Group 4: Broader Implications - The revival of the "Baidaitou Riverside Park" project highlights the political responsibility of financial state-owned enterprises in mitigating financial risks and fulfilling social responsibilities, serving as a practical example of revitalizing scarce core assets in first-tier cities and contributing to high-quality urban development [4].

全会为坚定正确发展方向提供了根本遵循。"十五五"时期，推动中国东方高质量发展，最根本在于深刻 领悟"两个确立"的决定性意义，坚决做到"两个维护"，确保各项工作始终沿着正确方向前进，走好新时 代中国特色金融资产管理公司高质量发展之路。 全会为加快金融强国建设明确了实践路径。全会对"十五五"时期加快建设金融强国提出明确要求、作出 战略部署。中国东方将锚定加快建设金融强国目标，聚焦行业、聚焦区域、聚焦存量，以高度的政治责 任感和历史使命感，深入研究细化任务举措，扎实做好各项工作，将国家战略部署转化为公司高质量发 展的生动实践，助力推动金融强国建设在"十五五"时期取得新成就。 全会为实现高质量发展汇聚起强大合力。全会明确，"十五五"时期经济社会发展必须坚持高质量发展， 以推动高质量发展为主题。中国东方将牢牢立足坚定不移做好主责主业，充分发挥金融救助和逆周期调 节功能，聚焦重点、把稳方向、迎难而上，扎实做好金融"五篇大文章"，切实加强对重大战略、重点领 域和薄弱环节的优质金融服务，不断深化提升防范化解重点领域风险能力，当好服务实体经济的生力军 和维护金融稳定的压舱石。 《金融时报》记者："十五五"规划建议提出优化金融机 ...

Group 1 - Gansu Bank plans to dispose of non-performing assets through public bidding, with a total principal and interest balance of approximately RMB 175.33 million [1] - Gansu Asset Management has been confirmed as the winning bidder, and the asset transfer contract was signed for RMB 101.75 million [1] - The transfer of non-performing assets is expected to reduce the bank's asset loss by approximately RMB 53.88 million, enhancing asset quality and supporting high-quality development [1] Group 2 - Gansu Asset Management, established on March 24, 2016, is a local financial asset management company approved by the Gansu provincial government, with a registered capital of RMB 2 billion [2] - The main business of Gansu Asset Management includes management, investment, and disposal of non-performing assets, as well as wealth and asset management [2] - The largest shareholder of Gansu Asset Management holds 56.13% of the shares, with significant ownership by Gansu Provincial Investment and other state-owned entities [2]