Core Viewpoint - China Orient Asset Management Co., Ltd. Shandong Branch plans to dispose of its debt assets held against Longfu Huaneng Technology Co., Ltd. and Yangxin County Longtai Trading Co., Ltd. [1] Summary by Relevant Sections Debt Asset Overview - The total outstanding principal and interest under the debt owed by Longfu Huaneng Technology Co., Ltd. and Yangxin County Longtai Trading Co., Ltd. amounts to RMB 113.4654 million, with an outstanding principal of RMB 66.1034 million and interest of RMB 47.3620 million as of September 20, 2025 [1][2]. Specifics of Borrowers and Guarantees - Longfu Huaneng Technology Co., Ltd. has a principal balance of RMB 53.1535 million and interest balance of RMB 38.6485 million, secured by industrial land and buildings [2] - Yangxin County Longtai Trading Co., Ltd. has a principal balance of RMB 12.95 million and interest balance of RMB 8.7135 million, with guarantees from multiple entities [2] Investor Eligibility and Restrictions - Interested investors must be legally registered companies, enterprises, or individuals with appropriate purchasing capacity, and are prohibited from being certain public officials, debtors, or related parties [3] Contact Information - For inquiries regarding the asset details, registration procedures, and transaction timelines, interested parties can contact the designated manager via phone or email [6] Announcement Validity - The announcement is valid for seven working days from the date of publication [7]

Group 1: Banking Sector Developments - The number of banking financial institutions in China has decreased from over 4,600 in 2019 to 4,295 by the end of 2024, indicating a continuous optimization of financial resource allocation [1] - The non-performing loan ratio of commercial banks in China was 1.49% at the end of Q2 2025, down from 1.84% at the end of 2020, reflecting an overall improvement in asset quality [1] Group 2: Real Estate and Debt Risk Management - Financial Asset Management Company China Cinda has played a crucial role in resolving risks associated with real estate projects, including a 4.5 billion yuan risk resolution for the Shanghai Daxing Street project [2] - The Chinese government has introduced 16 financial measures to support the stable and healthy development of the real estate market, with over 7 trillion yuan in loans supporting nearly 20 million housing units [2] Group 3: Local Government Debt Management - The National People's Congress approved an increase of 6 trillion yuan in local government debt limits to replace hidden debts, indicating a proactive approach to managing local government financing risks [3] - The number of financing platforms in China has decreased by over 60% and the scale of financial debt has dropped by over 50% compared to the beginning of 2023, showing significant risk reduction [3] Group 4: Financial Regulation Enhancements - The establishment of the Financial Regulatory Administration has led to a new phase in financial regulation, with a "four-level vertical management" structure effectively operating [5] - The implementation of five major regulatory measures has strengthened financial oversight and risk prevention, enhancing the ability to address consumer rights and interests [5][6]

9月26日晚间，中国信达（1359.HK）和信达证券（601059.SH）先后披露重要人事变动。 来源：中国信达 2016年，宋卫刚离开中国证券投资者保护基金，加入中国银河系统，此后9年也一直在中国银河系统内 任职。而中国银河背后同样有财政部的身影。公开资料显示，中国银河控股方中国银河金融控股是中国 第一家国有"金融控股"公司，由财政部和中央汇金共同发起设立，其中中央汇金出资比例为69.07%。 在中国银河金融控股，宋卫刚曾任党委委员、副总经理、总经理等职。在此期间，他还曾任银河基金管 理有限责任公司党委书记、董事长和中国银河证券股份有限公司董事等职。 根据公告，中国信达总裁正式变更，中国银河金融控股有限责任公司原党委副书记、执行董事、总经理 宋卫刚出任中国信达总裁。同日，中国信达旗下券商信达证券也发布公告称，因工作安排调整，董事长 艾久超提前离任，同时，选举林志忠接任董事长职务。 值得注意的是，在高层人事变更的背后，是中国信达的重要股权变动。9月初，中国信达、中国东方资 产和中国长城资产三家金融资产管理公司（AMC）正式完成股权划转，财政部持有的股份全部无偿划 转至中央汇金。 中国信达总裁已空缺两月 银河金 ...

（原标题：中国信达总裁、信达证券董事长，同日变更！） 9月26日，中国信达资产管理股份有限公司（以下简称中国信达）的总裁正式变更，中国银河金融控股 有限责任公司原党委副书记、执行董事、总经理宋卫刚出任中国信达总裁。 同日，信达证券公告称，因工作安排调整，董事长艾久超提前离任，同时，选举林志忠接任董事长职 务。林志忠原为中国信达子公司中国金谷国际信托董事长，于今年8月"空降"至信达证券担任非独立董 事。8月初，信达证券总经理祝瑞敏亦因工作调整提前离任。 中国信达总裁人选正式落定 9月初，中国信达、中国东方资产和中国长城资产三家金融资产管理公司（AMC）正式完成股权划转， 财政部持有的股份全部无偿划转至中央汇金。 自从三大AMC被纳入中投系版图，高层间的人事变动颇受市场关注。今年7月，中国信达原总裁梁强赴 中国东方资产，担任执行董事、董事长职务。如今中国信达空缺的总裁一职，将由宋卫刚接任。 履历显示，宋卫刚于1975年出生，大学毕业后长期在财政部任职。1998年8月至2014年4月，历任财政部 办公厅财务处、信息处科员、副主任科员，部长办公室副处级、正处级秘书，财政部经济建设司调研 员、处长、副司长级干部。 同日 ...

9月26日，中国信达资产管理股份有限公司（以下简称中国信达）的总裁正式变更，中国银河金融控股有限 责任公司原党委副书记、执行董事、总经理宋卫刚出任中国信达总裁。 同日，信达证券公告称，因工作安排调整，董事长艾久超提前离任，同时，选举林志忠接任董事长职务。林志 忠原为中国信达子公司中国金谷国际信托董事长，于今年8月"空降"至信达证券担任非独立董事。8月初，信达 证券总经理祝瑞敏亦因工作调整提前离任。 中国信达总裁人选正式落定 9月初，中国信达、中国东方资产和中国长城资产三家金融资产管理公司（AMC）正式完成股权划转，财政部 持有的股份全部无偿划转至中央汇金。 自从三大AMC被纳入中投系版图，高层间的人事变动颇受市场关注。今年7月，中国信达原总裁梁强赴中国东 方资产，担任执行董事、董事长职务。 如今中国信达空缺的总裁一职，将由宋卫刚接任。 履历显示，宋卫刚于1975年出生，大学毕业后长期在财政部任职。1998年8月至2014年4月，历任财政部办公厅 财务处、信息处科员、副主任科员，部长办公室副处级、正处级秘书，财政部经济建设司调研员、处长、副司 长级干部。 2014年4月至2016年10月，宋卫刚赴中国证券投资者 ...

Core Viewpoint - China CRRC Group and China Orient Asset Management are strengthening their collaboration in financial and industrial integration, focusing on clean energy equipment and technological innovation [1] Group 1: Collaboration Details - The meeting between the leaders of China CRRC and China Orient Asset Management emphasized the importance of deepening cooperation in areas such as asset revitalization and enterprise financial services [1] - Both companies recognize their complementary resources, with China Orient Asset Management committed to supporting the high-quality development of China CRRC [1]

中国信达(01359)发布公告，于2025年9月26日，公司董事会2025年第七次会议通过三项决议，委任宋卫 刚先生为公司总裁，提名宋先生担任公司执行董事，以及提名王中泽先生担任公司独立非执行董事。 宋先生和王先生的董事任期自本公司股东大会审议通过且经国家金融监督管理总局核准其董事任职资格 之日起3年，任期届满均可以连选连任。 ...

Core Viewpoint - The ongoing financial support from CITIC Financial Asset Management to Suning.com highlights a critical phase in the company's restructuring efforts, with a recent financing of up to 400 million yuan aimed at improving liquidity and operational stability [1][2][3]. Financing Details - Suning.com has secured a structured trust financing plan through its subsidiary, Nanjing Rongning Supply Chain Management, with CITIC Financial Asset contributing up to 400 million yuan [2]. - The financing involves Suning.com acting as a joint debtor, taking on direct repayment responsibilities, while also using its subsidiaries' real estate as collateral to enhance creditworthiness [2][4]. - The new subsidiary, established with a registered capital of only 1 million yuan, will focus on supply chain management and related services, indicating a strategic pivot in operations [2]. Historical Context - This financing follows a previous support package of 5 billion yuan from CITIC Financial Asset in 2023, aimed at revitalizing Suning's logistics projects [3][4]. - The initial funding of 1.549 billion yuan was quickly allocated to ongoing logistics projects, demonstrating a proactive approach to asset management [4]. Strategic Implications - CITIC Financial Asset's involvement is characterized by a market-oriented approach, emphasizing asset revitalization and business synergy rather than a safety net strategy [5]. - The potential conversion of debt into equity for Suning's retail cloud business could optimize the company's capital structure and attract strategic investors [5]. Future Outlook - The success of Suning's restructuring will depend on its ability to transform external financial support into sustainable internal growth [6]. - The ongoing situation serves as a reference point for other companies facing similar transitional challenges, indicating that restructuring is a starting point rather than an endpoint [6].

Core Viewpoint - The article emphasizes the role of financial support in driving technological innovation, highlighting the successful implementation of a merger and acquisition project by CITIC Financial Assets to bolster the development of a leading industrial gas company in China [1][4]. Group 1: Financial Support and Investment - CITIC Financial Assets has invested over 500 million yuan in the acquisition and restructuring of Hangzhou Yingde, providing strong financial backing for the company's technological transformation and capacity enhancement [1][3]. - The investment aims to stabilize the shareholder structure of Yingde and accelerate project progress for its subsidiaries, ensuring robust support for the normal operations of upstream and downstream industries [4]. Group 2: Industry Context and Challenges - Industrial gases are crucial for various sectors such as steel, chemicals, and semiconductors, impacting production efficiency and product quality, which in turn affects national economic security and international competitiveness [2]. - Hangzhou Yingde faces uncertainties due to the original shareholders entering an investment exit period, necessitating further exploration of existing asset efficiency and management optimization [2]. Group 3: Collaborative Efforts and Strategic Actions - CITIC Financial Assets has formed a specialized team to conduct thorough due diligence and engage in in-depth analysis of the industrial gas sector, addressing the complexities of asset scale and stakeholder involvement [2][3]. - The company leverages the synergistic advantages of CITIC Group, collaborating with various subsidiaries to optimize asset management and enhance governance structures [3]. Group 4: Achievements and Future Directions - Following the merger and acquisition, Hangzhou Yingde has shown improved operational conditions, maintaining a leading market share with a revenue increase of approximately 10% year-on-year [4]. - CITIC Financial Assets plans to continue providing comprehensive services to strategic emerging enterprises, focusing on professional and precise financial solutions to accelerate the transformation of technological achievements [4].

Core Viewpoint - Financial support is essential for technological innovation, and China CITIC Financial Assets is actively implementing financial services to enhance technology development, exemplified by a recent investment of over 500 million yuan in a merger and acquisition project for Hangzhou Yingde [1][4]. Group 1: Financial Support and Investment - China CITIC Financial Assets has invested over 500 million yuan to successfully implement the merger and acquisition project for Hangzhou Yingde, providing strong financial support for the leading industrial gas company's technology transformation and capacity enhancement [1][3]. - The investment aims to stabilize the shareholder structure of Yingde and accelerate project advancement for its subsidiaries, ensuring robust support for the normal production and operation of upstream and downstream industries [4]. Group 2: Industry Context and Challenges - Industrial gases are crucial for various sectors such as steel, chemicals, and semiconductors, impacting production efficiency and product quality, which in turn affects national economic security and international competitiveness [2]. - Hangzhou Yingde faced uncertainties due to the original shareholders entering an investment exit period, necessitating further exploration of asset efficiency and optimization of management structure [2]. Group 3: Collaborative Efforts and Strategic Actions - The company formed a dedicated team to conduct thorough due diligence and in-depth analysis of the industrial gas sector, engaging with relevant stakeholders to develop a comprehensive service plan [2][3]. - By leveraging the advantages of CITIC Group's integrated finance and industry approach, the company coordinated with CITIC Securities, CITIC Special Steel, and Nanjing Steel Group to optimize asset management and improve asset quality [3]. Group 4: Achievements and Future Directions - The merger and acquisition have led to a continuous improvement in Hangzhou Yingde's operational status, with a year-on-year revenue growth of approximately 10%, maintaining a leading market share in the industry [4]. - The company plans to deepen its full-cycle services for strategic emerging enterprises, providing specialized and precise financial solutions to accelerate the transformation of technological achievements and contribute to national technological self-reliance [4].