Trust Chairman Removed from Office, He Steps In to Fulfill Duties!

Recently, there has been a change in the chairman of Chang’an Trust. Former Chairman Du Yanxiu resigned from his position. Subsequently, Chang’an Trust appointed Director Dong Yi to perform the duties of Chairman of Chang’an Trust. It is reported that Dong Yi is the President of Chang’an Trust.

A few days earlier, the Xi’an Municipal People’s Government decided to remove Du Yanxiu from his position as Chairman of Chang’an Trust. Du Yanxiu submitted his resignation to the board of directors of Chang’an Trust, resigning from all positions held at the company. According to the Articles of Association, Du Yanxiu’s resignation took effect when his resignation letter was delivered to the company’s board of directors.

The latest news states that Chang’an Trust announced that, to ensure the normal operation of the board and the orderly conduct of the company’s management, in accordance with the “Measures for the Administration of Qualifications of Directors (Trustees) and Senior Management Personnel of Banking Financial Institutions” and the relevant provisions of the Articles of Association, the company held the 32nd meeting of the fourth board of directors on March 24, 2026, to appoint Director Dong Yi to perform all duties of Chairman and legal representative of Chang’an Trust, as well as the duties of the chairman of the Risk Management Committee and Development Strategy Committee previously held by Du Yanxiu. The term of the appointment is from the date of approval by the board until the date when the relevant positions are filled through election.

“These circumstances will not have a significant impact on the company’s operations, and all business activities are proceeding normally,” Chang’an Trust stated.

It is understood that Dong Yi previously worked for a long time at the Xi’an Municipal Finance Bureau, where he served as Deputy Director of the Enterprise Department and later as Director of the Financial Department. In June 2024, Chang’an Trust announced that, after approval at the company’s second extraordinary general meeting of 2024 and approval by the Shaanxi Regulatory Bureau of the China Banking and Insurance Regulatory Commission, the company’s President was changed to Dong Yi.

According to Chang’an Trust’s official website, on March 10, 2026, Chang’an Trust signed a strategic cooperation agreement with Xiamen C&D. Dong Yi, Deputy Party Secretary and President of Chang’an Trust, and Wang Mingcheng, Party Secretary and Chairman of Xiamen C&D, along with relevant department heads from both sides, attended the ceremony and witnessed the signing.

By the end of 2023, Chang’an Trust completed a capital increase, raising its registered capital from 3.33 billion yuan to 5.324 billion yuan, resulting in a change of the company’s largest shareholder. Previously, Xi’an Investment Holding was the largest shareholder with a 40.43% stake. After this change, Xi’an Financial Holdings owns 37.45%, and Xi’an Investment Holding owns 25.29%. After the capital increase, state-owned shareholders hold over 60% of the shares, with actual control by the Xi’an Finance Bureau.

As of the end of 2021, Chang’an Trust’s asset size was 248.928 billion yuan, with a significant portion in the real estate sector, totaling 79.744 billion yuan, accounting for 32.04%; assets in the securities market amounted to 24.168 billion yuan, accounting for 9.71%; and assets in the basic industries totaled 19.99 billion yuan, accounting for 8.03%.

Proofread by: Liu Xingying