Core Viewpoint - CITIC Financial Assets has successfully launched the Jinchuan Nickel-Cobalt project, contributing to the enhancement of national strategic resources and supporting the high-quality development of the local economy [1] Group 1: Investment and Financial Support - CITIC Financial Assets invested 3.25 billion yuan to actively participate in and support national major strategies, accelerating the industrial and technological upgrades of Jinchuan Nickel-Cobalt [1] - The company focuses on leveraging its expertise in financial asset management to enhance the capital strength and optimize the equity structure of Jinchuan Nickel-Cobalt [1] Group 2: Strategic Role and Governance - As a strategic investor, CITIC Financial Assets aims to address the challenges faced by the enterprise by introducing excellent corporate governance practices and establishing scientific decision-making processes [1] - The company is committed to promoting industrial transformation and upgrading, thereby adding new momentum to the development of the enterprise and supporting the revitalization of the local economy in Gansu [1]

Core Insights - The article discusses the transformation and growth of Tianjin Port Bonded Zone Environmental Investment City Operation Management Company (Tianjin Environmental Investment), supported by a strategic investment of 200 million yuan from CITIC Financial Assets Tianjin Branch, focusing on green finance to enhance the operations of technology-driven environmental enterprises [1][2]. Group 1: Company Operations - Tianjin Environmental Investment has been actively involved in various environmental projects across Tianjin, including maintaining 20 million square meters of green space and ensuring the cleanliness of municipal roads and sewage systems [2]. - The company has faced challenges such as long payment cycles in the sanitation industry, leading to significant debt burdens and limiting its expansion beyond Tianjin [2][3]. Group 2: Financial Support and Strategy - In 2024, CITIC Financial Assets Tianjin Branch developed a comprehensive transformation plan for Tianjin Environmental Investment, focusing on "unburdening, strengthening management, and restarting" to address operational challenges [2][3]. - The first step involved a cash injection to reduce debt, which helped the company save over 10 million yuan in financial expenses and improve operational efficiency [3]. - CITIC Financial Assets provided additional support through expert guidance in areas such as wastewater treatment and capital market strategies, enhancing the company's operational capabilities [3][4]. Group 3: Business Expansion and Performance - The collaboration has enabled Tianjin Environmental Investment to expand its business beyond Tianjin, securing contracts worth 81 million yuan in other provinces and covering the entire operational area of the Hedong District [6]. - The company's revenue increased by 12.5% compared to the previous year, demonstrating improved operational performance [6]. - The establishment of a "Low-altitude Economy Application Scenario Demonstration Center" highlights the company's advancements in technology and service offerings, including drone inspections and emergency response [6]. Group 4: Environmental Impact - The investment from CITIC Financial Assets has shifted the company's reliance from government subsidies to creating market value, promoting sustainable ecological protection [6]. - The positive environmental outcomes include an increase in migratory birds in the wetlands and the deployment of smart sanitation vehicles in urban areas, showcasing the tangible benefits of the partnership [6].

10月13日，中国长城资产管理股份有限公司（以下简称为"中国长城资产"）发布公告称，公司于10月11日召开第二届董事会第三十六次会议， 决定选举向党为董事长。此前，向党已任中国长城资产党委书记。 公告称，公司董事会接受向党关于辞去公司总裁的辞呈，其不再担任公司总裁职务。为确保公司经营管理工作的正常运转，在新任总裁履职之 前，由向党代行总裁职责。 业务方面，长城资产紧紧围绕金融不良资产主业。当前，长城资产经营聚焦于中小金融机构改革化险、实体经济纾困重组、资本市场风险化 解、房地产风险化解四大领域。 发展迄今近九年，长城资产先后历任四任董事长，其中张晓松、沈晓明、李均锋均为到龄退休辞任，向党将"接棒"成为长城资产第四位董事 长。值得注意的是，自2024年12月长城资产原董事长李均锋到龄退休以来，董事长一职处于空缺状态。 据长城资产官网介绍，向党为重庆大学技术经济及管理专业博士，高级经济师。1992-1999年历任上海宝钢五冶质监处、中国建设银行重庆分行 委代处干部。 向党拥有多年的金融资产管理公司工作经验。在加入长城资产前，向党曾在中国信达资产管理股份有限公司工作多年。 1999-2010年，向党历任中国信达资产 ...

Core Viewpoint - The announcement regarding the leadership transition at China Great Wall Asset Management Co., Ltd. indicates a temporary arrangement where Xiang Dang will act as the president until a new president is appointed, following the resignation of the previous president [3][4]. Group 1: Leadership Changes - On October 11, 2025, the board of directors of China Great Wall Asset held a meeting to elect Xiang Dang as the chairman and accepted the resignation of the previous president [3]. - Xiang Dang previously served as the party secretary and has extensive experience in asset management, having held various positions in China Cinda Asset Management [4][5]. - The former chairman, Li Junfeng, retired in November 2024, leaving the chairman position vacant [3]. Group 2: Company Background - China Great Wall Asset was established in December 2016 with a registered capital of 46.8 billion yuan, evolving from a company approved by the State Council in 1999 [5]. - The company has a nationwide service network across 30 provinces, autonomous regions, municipalities, and Hong Kong, with 32 branches and 8 holding companies [5]. Group 3: Financial Performance - In the 2024 fiscal year, China Great Wall Asset reported an operating income of 22.297 billion yuan, operating expenses of 21.039 billion yuan, and a net profit of 1.444 billion yuan, with a net profit attributable to shareholders of 1.557 billion yuan [6].

Core Points - The Industrial and Commercial Bank of China (ICBC) Shanghai Branch has transferred its principal debt rights and all rights under the guarantee contracts to CITIC Financial Asset Management Co., Ltd. Shanghai Branch through an asset transfer agreement [1] - CITIC Financial Asset Management Co., Ltd. Shanghai Branch is now the assignee of the debts and is requiring the debtors and guarantors to fulfill their payment obligations immediately [1] Summary by Sections - **Asset Transfer Agreement**: ICBC Shanghai Branch has signed an asset transfer agreement with CITIC Financial Asset Management Co., Ltd. Shanghai Branch, transferring its rights related to certain debtors and their guarantors [1] - **Notification to Debtors and Guarantors**: Both banks have jointly announced the transfer to inform all relevant parties, including debtors and guarantors, of their obligations under the contracts [1] - **Payment Obligations**: CITIC Financial Asset Management Co., Ltd. is demanding that the debtors and guarantors fulfill their payment obligations as per the main debt contracts and guarantee contracts from the date of the announcement [1]

记者丨郭聪聪 编辑丨杨希 目前长城资产服务网络遍及全国30个省、自治区、直辖市和香港特别行政区，设有32家分公 司、8家控股公司。 出品丨21财经客户端 21世纪经济报道 编辑丨金珊 SFC 2010年至2019年间，向党在中国信达体系内逐步成长，先后担任中国信达江苏分公司总经理 助理、党委委员、纪委副书记，重庆分公司副总经理、总经理、党委书记。2019年，向党升 任中国信达总裁助理，次年转战长城资产，出任副总裁。2022年，他进一步晋升为长城资产 总裁，并担任公司党委副书记、执行董事，全面参与公司战略决策与经营管理。 一位接近向党的业内人士向21世纪经济报道记者透露，向党的工作风格以稳健、实干著称 。 "他在重庆工作期间，就曾多次牵头处理高风险业务，从未出现风险事件，这离不开他敏锐的 风险意识和审慎的行事方式。"该人士表示，"他不盲目追求规模与利润，更注重业务的质量 与回收实效。自向党加入长城资产以来，从分管业务到全面主持经营工作，再到如今掌舵全 局，已逐步将他的风险理念融入到长城的业务以及中后台管理当中，整体配合度很高，风格 也愈发成熟统一。" 在本次人事调整之后，长城资产的管理团队阵容也进一步明确。根据 ...

21世纪经济报道记者 郭聪聪 10月11日，21世纪经济报道记者独家获悉，中国长城资产管理股份有限公司（以下简称"长城资产"）迎 来新任掌门人。现任总裁向党将正式接棒董事长一职，填补前任董事长李均锋于2024年12月到龄退休后 留下的职务空缺，在走完必要的程序后，将执掌这家资产规模逾六千亿元的国有大型资产管理公司。 公开资料显示，向党拥有重庆大学技术经济及管理专业博士学位，是一名高级经济师，在金融资产管理 行业拥有超过26年的丰富经验。 向党是我国不良资产行业真正的"开荒牛"，其资产管理职业生涯始于1999 年，彼时他在中国信达重庆 办事处工作，历任投资银行部高级副经理、高级经理，南京办事处主任助理、党委委员、纪委副书记， 积累了丰富的一线经验。 2010年至2019年间，向党在中国信达体系内逐步成长，先后担任中国信达江苏分公司总经理助理、党委 委员、纪委副书记，重庆分公司副总经理、总经理、党委书记。2019年，向党升任中国信达总裁助理， 次年转战长城资产，出任副总裁。2022年，他进一步晋升为长城资产总裁，并担任公司党委副书记、执 行董事，全面参与公司战略决策与经营管理。 一位接近向党的业内人士向21世纪经 ...

Core Viewpoint - The article discusses the recent personnel changes within the China Investment Corporation (CIC) system, particularly focusing on the appointment of Liu Yuanzhang to key positions in China Orient and China Insurance Group, highlighting the implications for the insurance industry and the management of state-owned financial assets [1][2][5]. Group 1: Personnel Changes - Liu Yuanzhang has been appointed as a member of the Party Committee and is set to become the Vice President of China Orient, while also taking on the role of Party Secretary and proposed Chairman of China Insurance Group [2][5]. - Prior to this appointment, Liu Yuanzhang had a long tenure at China Reinsurance, where he held various senior positions, including Assistant President and Secretary of the Board [3][4]. Group 2: Company Background - China Reinsurance is a central financial enterprise, with the Ministry of Finance holding 11.45% and Central Huijin holding 71.56% of its shares [4]. - China Orient has recently become part of the CIC system, with Central Huijin acquiring all shares held by the Ministry of Finance, resulting in a 71.55% ownership stake [4]. Group 3: China Insurance Group - China Insurance Group, founded in July 1986, is one of the 13 major insurance holding companies in China, with China Orient holding a 51.746% stake [5]. - The actual controller of China Insurance Group has shifted from the Ministry of Finance to Central Huijin, but the company maintains its status as a state-controlled insurance group [5]. - As of the end of 2024, China Insurance Group has a registered capital of 15.31 billion and total assets of 119.46 billion, with a stable market share and original premium income of 73.37 billion [5][6].

继信达资产出手之后，浦发银行（600000）再获AMC（金融资产管理公司）增持。 近日，浦发银行发布的董事会决议公告显示，基于对浦发银行未来经营发展的信心，中国东方资产管理股份有限公司（以下简称"东方资产"）及其控制的 一致行动人通过二级市场购入普通股及可转债转股的形式增持浦发银行股份。 凭借此番增持，东方资产或将跻身浦发银行前五大股东，拟获得浦发银行一名董事会席位。 而就在三个月前，另一家AMC——信达资产曾斥资百亿元，通过增持可转债并迅速转股的方式，获得浦发银行一名董事会席位。 东方资产增持"双管齐下" 在停止交易后、转股期结束前（即自10月23日至27日），浦发转债持有人仍可以依据约定的条件将浦发转债转换为公司普通股。 具体来看，东方资产通过二级市场购入普通股及可转债转股的形式增持浦发银行股份。 根据公告披露，截至9月19日，东方资产持有浦发银行普通股93865.40万股，占其普通股总股本比例为3.03%。截至9月29日，东方资产持有浦发银行普通 股107299.96万股，持股比例为3.44%，另持有其可转债860万张。 从持股比例来看，东方资产持有浦发银行3.44%股权，或将成为浦发银行前五大股东。 ...

Core Viewpoint - Asset Management Companies (AMCs) are actively increasing their stakes in banks, indicating confidence in the banking sector's future performance and a strategic move to enhance their influence within these institutions [1][4]. Group 1: AMC Activities - China Orient Asset Management Co., Ltd. has increased its stake in Shanghai Pudong Development Bank (SPDB) through the purchase of common shares and convertible bonds, raising its ownership from approximately 3.03% to 3.44% [2]. - China Cinda Asset Management Co., Ltd. has also increased its stake in SPDB via convertible bonds, entering the top ten shareholders with a holding of about 3.01% [2]. - Other banks, such as China Everbright Bank and Bank of China, have also seen similar stake increases from AMCs this year [1]. Group 2: Board Representation - Following the increase in shareholding, China Orient Asset has sought a board seat at SPDB, nominating Ji Hongmei for a director position, pending shareholder approval [2]. - Similarly, after increasing its stake, Cinda Investment's chairman was nominated and approved as a director at SPDB [2]. Group 3: Financial Implications - The intensive stake increases by AMCs coincide with the upcoming maturity of SPDB's convertible bonds, which are set to mature on October 27, 2023, with a conversion rate of 50.86% as of September 30 [3]. - The actions of AMCs are expected to bolster SPDB's core tier one capital, alleviating capital adequacy pressures [3][7]. Group 4: Strategic Considerations - Experts suggest that AMCs' investments in bank stocks are driven by financial returns, business synergies, and policy support, aligning with their need for stable assets [5][6]. - By increasing their stakes, AMCs can utilize equity accounting methods to enhance profits and improve performance metrics [5]. - The involvement of AMCs in bank governance may lead to better risk management and decision-making processes, particularly in the area of non-performing asset management [5][7].