China Cinda Secures Regulatory Green Light for New President and Executive Director Song Weigang

China Cinda Asset Management Co ( (HK:1359) ) has issued an update.

China Cinda Asset Management has received regulatory approval from China’s National Financial Regulatory Administration (NFRA) for the qualification of Mr. Song Weigang as both an executive director and the president of the company, following earlier approval of his board appointment by shareholders at an extraordinary general meeting. Effective 31 December 2025, Song now serves a three-year term as executive director, is eligible for re-election, acts as president, and has joined the board’s Strategic Development Committee, cementing his central role in steering the group’s strategic direction and executive management. The company noted that Song holds no shares in China Cinda, has no disclosed related-party ties to existing management or major shareholders, and has not served as a director in other listed companies in the past three years, underscoring a governance framework that aims to ensure regulatory compliance and independence at a time when leadership stability and regulatory scrutiny remain key issues for China’s state-linked financial institutions.

The most recent analyst rating on (HK:1359) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Cinda Asset Management Co stock, see the HK:1359 Stock Forecast page.

More about China Cinda Asset Management Co

China Cinda Asset Management Co., Ltd. is a leading Chinese asset management company, listed in Hong Kong, that focuses on distressed asset investment, resolution of non-performing assets, and related financial services, serving banks, financial institutions and corporate clients in mainland China and overseas markets.

YTD Price Performance: 2.34%

Average Trading Volume: 117,656,024

Technical Sentiment Signal: Buy

Current Market Cap: HK$50B

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