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Is China Huarong a central enterprise?
China Huarong Asset Management Co., Ltd. is a large central enterprise. With the approval of the State Council, China Huarong Asset Management Co., Ltd. was established as a non-bank financial institution with the approval of the Ministry of Finance and China Life Insurance Group (the Company) on 201212.

Central enterprises are called "centrally managed enterprises". According to property rights and control subjects, central enterprises can be roughly divided into three categories: industrial central enterprises, financial central enterprises and central enterprises managed by other departments. For industrial central enterprises, the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) performs the responsibilities of investors. By June, 2020, there were 97 central enterprises in the State Council SASAC that fulfilled the responsibilities of investors.

There are 23 financial central enterprises, mainly central financial, insurance and securities enterprises, and the Ministry of Finance (or entrusted Huijin Company) performs the investor's duties on behalf of the State Council. China Huarong Asset Management Co., Ltd. is one of the financial central enterprises.

Headquartered in Beijing, China Huarong Asset Management Co., Ltd. has 33 branches all over the country, and its service network covers 30 provinces, autonomous regions and municipalities directly under the Central Government, as well as Hong Kong and Macao Special Administrative Regions.

Extended data:

China Huarong Asset Management Co., Ltd. (hereinafter referred to as "China Huarong", stock code: 2799) was formerly known as China Huarong Asset Management Company, which was established in 1999 1 1.

20 12? On September 25th, the founding meeting of China Huarong Asset Management Co., Ltd. was held in Beijing, and the whole company was transformed into a joint stock limited company. The registered capital of the company is 25.8 billion yuan, which is controlled by the Ministry of Finance, with a shareholding ratio of 98.06%. China Life Insurance (Group) Co., Ltd. holds 1.94%. 20 15 10 10 On October 30th, China Huarong was listed on the main board of the Hong Kong Stock Exchange.

China Huarong provides foreign-related non-performing assets management, banking, securities, financial leasing, trust, investment, funds, futures, home ownership and other fully licensed, multi-functional and all-round financial services.

By the end of June 2020, China Huarong's total assets reached17,315140,000 yuan, and its net assets reached1680.27 million yuan. In the first half of 2020, the total revenue was RMB 45.688 billion.

Baidu encyclopedia-China Huarong assets management co., ltd

China Huarong Asset Management Co., Ltd., which is controlled by the Ministry of Finance, was established.