CITIC Trust appoints Liang Huijiang as chairman after regulatory approval
China's National Financial Regulatory Administration Beijing Bureau approved Liang Huijiang as director and chairman of CITIC Trust on September 24, 2025. Liang, born November 1970, holds a master's degree from Tsinghua University and London Business School. He replaces Lyu Tiangui, who returned to CITIC Bank as president in May 2025. CITIC Trust managed 3.79 trillion yuan in trust assets by end-2025, ranking first in the industry with 44.6% year-on-year growth.
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China's 3.79 Trillion Yuan Trust Firm Gets New Chairman Approved by Regulator
On September 24, the Beijing Regulatory Bureau of the National Financial Regulatory Administration approved Liang Huijiang's qualification as director and chairman of CITIC Trust. Liang, born in November 1970, holds a master's degree from Tsinghua University's PBC School of Finance and the London Business School. He also serves as vice chairman of CITIC-Prudential Life Insurance, investment director of CITIC Limited, and chairman of CITIC Investment Holding. The appointment follows a series of leadership changes at CITIC Trust, with Lu Tianqui having moved to CITIC Bank as president in May. By the end of 2025, CITIC Trust managed 3.79 trillion yuan in trust assets, ranking first in the industry with a 44.6% year-on-year growth. The firm reported 2025 operating revenue of 6.326 billion yuan (up 17.60%) and net profit of 3.052 billion yuan (up 15.04%). It added 3,441 new trust projects with 4.2782 trillion yuan in paid-in trust, and distributed 36.7 billion yuan in trust benefits to beneficiaries. Asset service trusts accounted for 47% of its portfolio, and it led the industry with 17.6 billion yuan in charitable trust filings.
Read sourceChina's top trust firm CITIC Trust gets new chairman after regulatory approval
China's National Financial Regulatory Administration (NFRA) Beijing Bureau has approved Liang Huijiang as the new chairman and director of CITIC Trust Co., Ltd., effective September 24. Liang, born November 1970, holds a master's degree from Tsinghua University's PBC School of Finance and the London Business School. He currently serves as investment director of CITIC Group, chairman of CITIC Investment Holdings, and vice chairman of CITIC-Prudential Life Insurance. The appointment follows a series of leadership changes at the trust firm: in early 2025, former chairman Lu Wei moved to CITIC Bank as president, replaced by Lyu Tiangui from CITIC Bank's vice president role; in May 2025, Lyu returned to CITIC Bank as president, paving the way for Liang. By end-2025, CITIC Trust managed 3.79 trillion yuan in trust assets, ranking first in the industry with 44.6% growth. The firm reported 2025 revenue of 6.326 billion yuan (up 17.60%) and net profit of 3.052 billion yuan (up 15.04%). It added 3,441 new trust projects with 4.2782 trillion yuan in paid-in trust, distributing 36.7 billion yuan in beneficiary income. Asset service trusts accounted for 47% of the portfolio. CITIC Trust is a systemically important member of CITIC Group, with registered capital of 11.276 billion yuan, ultimately controlled by China CITIC Group Corporation.
Read sourceChina's $530 Billion Trust Giant CITIC Trust Gets New Chairman After Regulatory Approval
On September 24, China's National Financial Regulatory Administration (NFRA) Beijing Bureau approved Liang Huijiang as the new director and chairman of CITIC Trust Co., Ltd. Liang, born in November 1970, holds a master's degree from Tsinghua University's PBC School of Finance and the London Business School. He previously served as vice chairman of CITIC-Prudential Life Insurance and currently holds positions including investment director of CITIC Limited and chairman of CITIC Investment Holding Co., Ltd. The appointment follows a series of leadership changes at CITIC Trust, with former chairman Lyu Tiangui returning to CITIC Bank as president in May 2025. By the end of 2025, CITIC Trust managed trust assets totaling 3.79 trillion yuan ($530 billion), a 44.6% year-on-year increase, reclaiming the top position in the industry. The company reported 2025 operating revenue of 6.326 billion yuan, up 17.60%, and net profit attributable to shareholders of 3.052 billion yuan, up 15.04%. CITIC Trust is a systemically important member of the CITIC Group, with registered capital of 11.276 billion yuan, ultimately controlled by China CITIC Group Corporation.
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China's $3.79 Trillion Trust Firm Gets New Chairman After Regulatory Approval
China's National Financial Regulatory Administration (NFRA) Beijing Bureau has approved Liang Huijiang as the new chairman and director of CITIC Trust, effective September 24. Liang, a 1970-born graduate of Tsinghua University and London Business School, previously served as CITIC Group's investment director and chairman of CITIC Investment. He replaces Lyu Tiangui, who returned to CITIC Bank as president in May 2025. This marks the third leadership change at CITIC Trust in two years, following Lyu's appointment in early 2025 and his predecessor Lu Wei's move to CITIC Bank. CITIC Trust reported managing 3.79 trillion yuan ($530 billion) in trust assets by end-2025, reclaiming the industry's top spot with 44.6% growth. The firm posted 2025 revenue of 63.26 billion yuan (up 17.6%) and net profit of 30.52 billion yuan (up 15.04%). It added 3,441 new trust projects worth 4.28 trillion yuan and distributed 36.7 billion yuan in beneficiary income. Asset service trusts accounted for 47% of its portfolio. The company is a key subsidiary of CITIC Group, with registered capital of 11.28 billion yuan.
Read sourceChina's $3.79 Trillion Trust Firm CITIC Trust Gets New Chairman Approval
On September 24, China's National Financial Regulatory Administration Beijing Bureau approved Liang Huijiang as the new director and chairman of CITIC Trust Co., Ltd. Liang, born in November 1970, holds a master's degree from Tsinghua University's PBC School of Finance and the London Business School. He also serves as vice chairman of CITIC-Prudential Life Insurance, investment director of CITIC Limited, and chairman of CITIC Investment Holding Co., Ltd. This appointment follows a series of leadership changes at CITIC Trust, with Lv Tiangui having returned to CITIC Bank as president in May 2025. By the end of 2025, CITIC Trust managed trust assets totaling 3.79 trillion yuan, ranking first in the industry with a 44.6% year-on-year increase. The company reported 2025 operating revenue of 6.326 billion yuan (up 17.60%) and net profit attributable to shareholders of 3.052 billion yuan (up 15.04%). CITIC Trust is a systemically important member of the CITIC Group, with registered capital of 11.276 billion yuan, ultimately controlled by China CITIC Group Corporation.
Read sourceChina's 3.79 Trillion Yuan Trust Firm Gets New Chairman Approved by Regulator
China's National Financial Regulatory Administration Beijing Bureau has approved Liang Huijiang as the new chairman and director of CITIC Trust, effective from September 24. Liang, a Tsinghua University and London Business School graduate, also serves as investment director of CITIC Group and chairman of CITIC Investment. He replaces Lyu Tiangui, who moved to CITIC Bank as president in May 2025. The appointment marks the third leadership change at CITIC Trust in two years. The firm reported managing 3.79 trillion yuan in trust assets by end-2025, reclaiming the top industry position with 44.6% year-on-year growth. It posted 63.26 billion yuan in revenue (up 17.6%) and 30.52 billion yuan in net profit (up 15.04%). The company added 3,441 new trust projects in 2025, with asset service trusts accounting for 47% of its portfolio. CITIC Trust is a key subsidiary of CITIC Group, with registered capital of 112.76 billion yuan.
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