Jianxin Trust's Sun Qingwen resigned as president

Recently, CCB Trust announced that due to job changes, its Executive Director and President, Sun Qingwen, has resigned from his position.

Public information shows that in early 2019, Sun Qingwen served as the Executive Director and President of CCB Trust, and also served as the Chairman of CCB Housing Rental private sale Fund Management Co., Ltd. in 2022. He has more than 30 years of experience in the financial industry and has served as the President and Party Secretary of the Chaoyang Branch of China Construction Bank, the General Manager, Deputy Head, and Party Committee Member of the Business Department of Beijing Branch of China Construction Bank.

It is reported that after Sun Qingwen resigned as the president of China Construction Trust, he will continue to serve as the chairman of China Construction Housing Rental Private Sale Fund Management Co., Ltd.

As a bank-owned trust, CCB Trust has a registered capital of CNY 10.5 billion and mainly engages in trust business, investment banking business, and proprietary business. China Construction Bank holds 67% of the shares of CCB Trust, making it the actual controlling shareholder, while Hefei Xingtai Financial Holdings holds the remaining 33% of the shares.

According to the 2023 annual report of CCB Trust, the members of the board of directors are nominated by China Construction Bank and Hefei Xingtai Financial Holdings. In July 2018, China Construction Bank nominated Wang Baokui to serve as the Chairman of CCB Trust. He has previously served as the Vice President and General Manager of several departments of China Construction Bank’s Beijing Branch, as well as the President of Chaoyang Branch of Beijing Branch.

Due to reaching retirement age, Wang Baokui resigned. In September of this year, Li Jun, the head of Credit Management Department of Construction Bank, took over as the chairman of Jianxin Trust. Li Jun used to serve as the deputy head of Shaanxi Branch of Construction Bank, and was promoted to the head of Shaanxi Branch in 2019. After 2022, he was transferred to the head office of Construction Bank and became the general manager of Credit Management Department.

In 2023, CCB Trust achieved a net profit of 1.534 billion yuan, a decrease of 29.54% compared to 2.177 billion yuan in 2022. CCB Trust achieved a net profit of 652 million yuan in the first half of this year. As of the end of June this year, CCB Trust’s entrusted asset management scale was 1.3 trillion yuan, and the scale of family wealth management was nearly 150 billion yuan. As of the end of June this year, CCB Trust’s total assets were 41.545 billion yuan, with net assets of 29.062 billion yuan.

Jianxin Housing Leasing private sale Fund Management Co., Ltd. is a wholly-owned subsidiary of Jianxin Trust, established in 2022 with a registered capital of 100 million yuan. Its business scope includes private sale equity investment fund management and venture capital fund management services. In the first half of this year, the company suffered a net loss of 26 million yuan. As of the end of June this year, Jianxin Leasing Management had an asset size of 13.395 billion yuan, total assets of 1.16 billion yuan, and net assets of 80 million yuan.

(Source: International Financial News)

Source: Eastmoney.com

Author: International Financial News