China Merchants Asset Management Appoints Tang Shuangding as General Manager

China Merchants Asset Management (CMAM), a wholly owned asset-management subsidiary of China Merchants Securities, appointed Tang Shuangding as general manager effective July 1, and Yi Weidong stepped down as general manager and chief information officer due to a job change, according to Jiemian News. Jiemian News also reported that Yi has returned to China Merchants Securities to lead its institutional clients department. CMAM was established in April 2015 and has registered capital of 1 billion yuan. The firm received approval for a public fund license in July 2023 and was cleared to conduct public fund management business in April 2024. In 2025, CMAM reported revenue of 948 million yuan and net profit of 316 million yuan, up 8.84% and 13.26% year on year, respectively. As of end-2025, assets under management totaled 261.05 billion yuan, down 2.37% from 2024, while its public fund AUM stood at 70.401 billion yuan. Wind data showed CMAM’s public fund AUM fell to 68.869 billion yuan as of end-Q1 2026, down 2.17% from end-2025.