Huarong Group is a state-owned enterprise.

China Huarong Asset Management Co., Ltd. is a central financial enterprise established on November 1, 1999. It is one of the four major state-owned financial assets established to respond to the Asian financial crisis, resolve financial risks, promote the reform of state-owned banks and the relief of state-owned enterprises.

One of the management companies.

On September 28, 2012, with the approval of the State Council, the company was restructured into a joint stock limited company.

Looking forward to the future, China Huarong will be based on the state's functional positioning of financial asset management companies, focus on the main business of non-performing assets, serve the real economy, prevent and control financial risks, deepen reform and transformation, create a sustainable development business model, and achieve high quality

develop.

Major events On November 17, 2021, the 13th board of directors of China Huarong reviewed and approved the "Proposal on the Non-public Issuance of Domestic Shares and H Shares by China Huarong Asset Management Co., Ltd.".

According to the issuance plan, China Huarong plans to issue 39.216 billion domestic shares and 1.961 billion H shares.

Domestic shares are issued to China CITIC Group Co., Ltd., China Insurance Ronshine Private Equity Fund Co., Ltd., China Cinda Asset Management Co., Ltd., and ICBC Financial Assets Investment Co., Ltd.