It is a central enterprise and a state-owned enterprise (the concepts of central enterprise and state-owned enterprise are intertwined. All central-owned enterprises are state-owned enterprises, but state-owned enterprises are not necessarily central enterprises).
According to data from the company, China Huarong Asset Management Co., Ltd. (referred to as "China Huarong", stock code _2799) was formerly known as China Huarong Asset Management Company. It was established on November 1, 1999 in response to the Asian financial crisis.
, one of the four major state-owned financial asset management companies established to resolve financial risks and promote the reform of state-owned banks and the relief of state-owned enterprises.
On September 28, 2012, the company was restructured into a joint stock limited company.
On October 30, 2015, China Huarong was listed on the main board of the Hong Kong Stock Exchange.
In March 2022, China Huarong Party Committee was transferred to the Party Committee of CITIC Group Co., Ltd. for management.
At present, the company's shareholders include China CITIC Group Co., Ltd., the Ministry of Finance, China Insurance Ronxin Private Equity Co., Ltd., China Life Insurance (Group) Company, etc.
The company's main businesses include non-performing asset management, financial services business, and asset management and investment business. Among them, non-performing asset management is the company's core business, covering "disposal of problem assets, revitalization of problem projects, restructuring of problem enterprises, and rescue of crisis institutions".
Big business functions.
As of the end of 2022, China Huarong's total assets reached RMB 955.326 billion.
At present, China Huarong has 33 branches and its service network covers 30 provinces, autonomous regions, municipalities directly under the Central Government and the Hong Kong and Macao Special Administrative Regions. It owns Huarong Financial Leasing, Huarong Rongde, Huarong Industrial, Huarong International and other subsidiaries.
company.