Core Viewpoint - The appointment of Fang Weihao as the Vice President of Ping An Bank has been approved by the National Financial Regulatory Administration, marking a significant leadership change within the bank [2]. Group 1: Leadership Changes - Fang Weihao has been appointed as the Vice President of Ping An Bank, following the departure of the former Vice President Ju Weiping in January 2024 [2]. - Prior to this role, Fang served as the Party Secretary and Chairman of Ping An Trust, and he has been with the Ping An Group for approximately 13 years [2][3]. - The current management team of Ping An Bank includes Chairman Xie Yonglin, President Ji Guangheng, and other Vice Presidents [2]. Group 2: Business Performance - During Fang's tenure at Ping An Trust, the company focused on becoming a "light asset, service-oriented trust company," which led to a decline in revenue and net profit amid a challenging environment for the trust industry [3]. - In 2024, Ping An Trust reported revenues of 14.148 billion yuan and a net profit of 3.421 billion yuan, with net commission income of 9.681 billion yuan [3]. - Despite the decline in profits, the asset management scale of Ping An Trust increased significantly, reaching 993 billion yuan in 2024, a year-on-year growth of 49.88% [3]. Group 3: Banking Operations - Ping An Bank has increased its corporate credit issuance to stabilize its core business, with corporate loan balances reaching 1.6827 trillion yuan, a 4.7% increase from the previous year [4]. - The bank's corporate deposit balance was 2.3362 trillion yuan, reflecting a 4.0% growth compared to the end of the previous year [4].

Core Viewpoint - The recent executive reshuffle within Ping An Group involves key positions in Ping An Trust, Ping An Asset Management, and Ping An Bank, indicating a strategic shift in leadership to enhance operational efficiency and focus on core business areas [1][2]. Group 1: Executive Changes - Wang Xin has been appointed as a member and secretary of the Party Committee of Ping An Trust, succeeding Fang Weihao, who will now serve as the Vice President of Ping An Bank [1][2]. - Wang Xin's previous roles include positions at Shenzhen Development Bank and Ping An Asset Management, where he served as Chief Risk Management Executive and Compliance Officer [1]. - Fang Weihao's transition to Ping An Bank was approved by the bank's board earlier this year, highlighting a structured approach to leadership changes within the organization [2]. Group 2: Business Performance - Ping An Trust's revenue and net profit have declined year-on-year, with 2024 figures showing operating income of 14.148 billion yuan and net profit of 3.421 billion yuan [1]. - Despite the decline in revenue, Ping An Trust's asset management scale has significantly increased, reaching 993 billion yuan in 2024, a 49.88% year-on-year growth [2]. - The service-oriented trust business has seen substantial growth, with an overall scale exceeding 220 billion yuan and a 20% market share following the implementation of the "three-category new regulations" [2].