Sino-US Huarong is a central enterprise. The inaugural meeting of China Huarong Asset Management Co., Ltd. was held in Beijing. 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%. The company is headquartered in Beijing. China Huarong has changed from a policy financial institution to a market-oriented financial institution. 20 15, 101October 30th, China Huarong was listed on the main board of the Hong Kong Stock Exchange. China Huarong's main business includes non-performing asset management, financial services, asset management and investment business, among which non-performing asset management is the core business of China Huarong. China Huarong has 33 branches and its service network covers 30 provinces, autonomous regions, municipalities directly under the Central Government, Hong Kong and Macao Special Administrative Regions. It owns Huarong Securities, Huarong Financial Leasing, Huarong Xiangjiang Bank, Huarong Trust, Huarong Futures, Huarong Germany, Huarong Industry, Huarong International, Huarong Consumer Finance and other platform subsidiaries. Therefore, Sino-US Huarong is a central enterprise.