21 Exclusive | Jiangsu Trust’s Former Chairman Is Appointed at Jiangsu Guoxin, While the General Manager Acts on Behalf of and Temporarily Performs the Chairman’s Duties

21st Century Business Herald Reporter Yang Mengxue

Jiangsu Trust announced on its official website recently that Chairman Hu Jun resigned from his positions as Chairman, Director, and Chair of the Strategic and Investment Committee of the Board due to work adjustments. Until the new chairman’s qualification is approved by regulatory authorities, General Manager and Director Ding Feng will perform the duties of chairman.

The 21st Century Business Herald reporter learned from an informed source that Hu Jun has been transferred to Jiangsu Guoxin Group as Chief Economist.

Hu Jun was born in 1970, holds a master’s degree, and previously worked for many years at Jiangsu Trust, serving as Assistant to the General Manager, Deputy General Manager, General Manager, Deputy Party Secretary, and General Manager. In August 2017, he was elected Chairman of Jiangsu Trust upon nomination by shareholder Jiangsu Guoxin.

After Hu Jun resigned, General Manager Ding Feng temporarily assumed the duties of chairman, from the date of approval by the board of directors until the new chairman’s qualification is approved by regulatory authorities. The temporary appointment shall not exceed six months.

In March 2025, Ding Feng’s qualification as General Manager of Jiangsu Trust was approved by regulators. He previously served as head of Jiangsu Trust’s Finance Department, Deputy General Manager (acting), Deputy General Manager, Vice President, President, Party Committee Member, and Deputy Party Secretary of Jiangsu Guoxin Asset Management Group Co., Ltd., as well as General Manager of the Finance Department of Jiangsu Guoxin Group Co., Ltd.

According to official information, Jiangsu Trust is a non-bank financial institution established with approval from the State Administration of Foreign Exchange and the Jiangsu Provincial People’s Government. It is one of the key member enterprises of Jiangsu Guoxin Group, specializing in financial trust services. As of the end of 2024, the company managed trust assets totaling 608.92B yuan, with an annual operating income of 3.14B yuan and a total profit of 3.08B yuan.

Jiangsu Guoxin Group was established in August 2001 and is the only pilot unit among Jiangsu Province’s state-owned enterprises for transforming into a state-owned capital investment and operation company. It undertakes responsibilities such as comprehensive energy supply, financial services for the real economy, and supporting the development of strategic emerging industries. Its registered capital is 50 billion yuan. The group owns two listed companies: Jiangsu Guoxin Co., Ltd. (SZ.002608) and Jiangsu New Energy Development Co., Ltd. (SH.603693). By the end of 2024, the group’s total assets reached 241.6 billion yuan, with net assets of 122.4 billion yuan; in 2024, it achieved operating income of 51.2 billion yuan and a total profit of 11.6 billion yuan.