Song Furong was approved to serve as the chairman of Yingda Assets.

On September 12, the Beijing Financial Supervision Bureau website issued a reply approving the qualifications of the directors and chairman of Songfurong Yingda Insurance Asset Management Co., Ltd. The company is required to ensure that the above approved personnel strictly comply with the relevant regulatory provisions of the Financial Supervision Bureau. They must assume office within 2 months from the date of this administrative license decision, and report to work in a timely manner as required. Failure to assume office within the specified period will result in the automatic invalidation of this approval document. According to the company's official website, Yingda Insurance Asset Management Co., Ltd. was jointly established by Yingda Life, Yingda Property Insurance, and Yingda Group, and began operations on April 3, 2015. The registered capital is 520 million yuan, with the registered address in Beijing. The actual controlling shareholders of Yingda Asset are all subsidiaries of State Grid Corporation.