Xiamen regulator approves Hu Rongwei as Xiamen International Trust chairman

On September 11, 2026, the Xiamen office of the National Financial Regulatory Administration published an approval confirming Hu Rongwei's qualification as chairman of Xiamen International Trust Co. , Ltd. Hu was previously deputy party secretary and general manager of Xiamen International Trust, and has since been promoted to member of the party committee and deputy general manager of Xiamen Jinyuan Investment Group Co. , where he oversees trust and other business segments. He has served as party secretary of Xiamen International Trust since April 2026. Li Yunxiang, party secretary and chairman of Xiamen Jinyuan Investment Group, no longer concurrently serves as party secretary and chairman of Xiamen International Trust but remains a director of the trust company. Li received regulatory approval for his qualification as chairman of Xiamen International Trust in January 2023, and Hu became general manager of the company in November 2019.

Xiamen International Trust Co. traces its origins to the Xiamen Special Economic Zone Finance Company, established by the Xiamen municipal government in January 1985. In 1986, with approval from the People's Bank of China, it was renamed Xiamen International Trust and Investment Company, operating as a non-bank financial institution with legal-person status. In August 2007, following approval from the former China Banking Regulatory Commission, it obtained a new financial license and was renamed Xiamen International Trust Co. The company is the earliest-established and longest continuously operating licensed legal-person financial institution in Fujian province, with 41 years of continuous operation. According to its 2025 annual report, the company recorded operating revenue of RMB 1.394 billion, total profit of RMB 814 million and net profit of RMB 617 million in 2025. At the end of 2025, its registered capital increased to RMB 5.16 billion.

Xiamen International Trust manages a technology innovation fund, a supply chain collaboration fund and the Xiamen Research Insurance program, and it advanced the first asset revitalization under the city's stock fund revitalization effort, with the supply chain collaboration fund selected as a Fujian provincial financial innovation achievement project. Its public market asset management business has won the Trust Industry Golden Bull Award for fixed-income products for four consecutive years. The company has developed corporate asset revitalization solutions covering 21 scenarios, including Pre-REITs, public REITs, ABS, ABN, CMBS, bankruptcy reorganization and distressed asset disposal, and received the Shanghai Stock Exchange's title of Outstanding Originator in Asset Securitization Business. It completed Xiamen's first batch of real estate trust registration business, achieving a domestic first under a dual-model approach. It also established Xiamen's first multi-industry merchant prepaid fund service trust.

At its annual work conference, Xiamen International Trust proposed focusing on "three major reshapings." Leveraging the functions of the trust system, it aims to transform from a financial intermediary into a service integrator and solution provider. It plans to build an overall strategic layout of "one body, two wings and three supports," with asset management trusts and asset service trusts as twin drivers, create a wealth ecosystem platform, deepen an industrial empowerment model, and build three capabilities: investment research leadership, technology empowerment and ecosystem coordination. It aims to drive the organization toward agile change, upgrade talent for the future and strengthen risk control in depth.