China Rongtong's turnover rate is 39. 13%. China Rongtong Asset Management Group Co., Ltd. (hereinafter referred to as "China Rongtong Group", full name in English: "China Rongtong Asset Management Group Co., Ltd." in English: "CRTC") is a wholly state-owned commercial company managed by it. SAAC performs the responsibilities of investor and ranks1in the list of central enterprises supervised by SAAC. According to the modern enterprise system with China characteristics, China Rongtong Group has established and improved an effective corporate governance structure with checks and balances and a flexible and efficient market-oriented operating mechanism.