After successfully completing the policy asset disposal task entrusted by the state, the commercial transformation began in 2006. Especially since 2009, the business performance has doubled for three consecutive years, entering a new era of extraordinary and leap-forward development. By the end of June 20 12, China Huarong Group had total assets of 246.3 billion yuan and owners' equity of 34.4 billion yuan. At present, the company has 65,438+00 holding subsidiaries, including Huarong Xiangjiang Bank, Huarong Securities, Huarong Trust, Huarong Leasing, Rong De Assets, Huarong Yufu Equity Investment Fund, Huarong Futures, Huarong Real Estate, Huarong Zhiyuan Investment and Huarong Huitong Assets. A large state-owned financial holding group has been initially established, which can provide customers with services such as asset management, banking, securities, trust, leasing and funds.
China Huarong is a non-bank financial institution approved by the State Council and initiated by the Ministry of Finance and China Life Insurance Group (Company). The company, formerly known as China Huarong Asset Management Company, was established in 1999. Headquartered in Beijing, the company has 32 branches all over the country, with Huarong Xiangjiang Bank, Huarong Securities, Huarong Trust, Huarong Leasing, Rong De Assets, Huarong Yufu, Huarong Futures, Huarong Real Estate, Huarong Zhiyuan Investment and Huarong Huitong Assets 10 subsidiaries. The service network covers 30 provinces, municipalities and autonomous regions and can provide customers with asset management and banking services. By the end of 20 1 1, the total assets of the company reached 2 185 billion yuan, and the return on net assets reached 12.58%.
China Huarong has always adhered to the principle of "listening to the party's words, listening to the government's words and acting according to market rules" and steadily promoted the development strategy of "three steps in five years", namely: first, vigorously promoting the implementation of the "big customer" strategy and completely taking the road of marketization; Second, introduce excellent strategic investors in a timely manner and take the road of market-oriented, diversified and comprehensive development of modern financial enterprises; The third is to choose the timing of listing and realize the leap-forward development of the company. With the guidance and support of the relevant state departments, since 2009, China Huarong has doubled its profits for three consecutive years, with a cumulative profit of 1 1.27 billion yuan for three and a half years. In 2065,438+065,438+0, the profit exceeded 5 billion yuan for the first time, achieving extraordinary and leap-forward development.
After the reorganization, China Huarong will establish a market-oriented corporate governance structure in accordance with the principles of "clear property rights, clear rights and responsibilities, separation of government from enterprises and scientific management", strive to build a corporate governance structure of "the Party committee is in place, the shareholders' meeting is standardized, the board of directors is healthy, the board of supervisors is effective, and the management team is responsible", and establish a modern financial enterprise operation mechanism with clear responsibilities, accurate positioning, scientific management, orderly operation, mutual checks and balances and synergy. China Huarong will be market-oriented, customer-centered and profit-oriented, give full play to the "five advantages" such as network advantages, professional advantages, brand advantages, license plate advantages and resource advantages, do a good job in the combination of "one body and two wings" business, constantly create greater value for shareholders, customers, enterprises, employees, the country and society, and strive to create a "dignified, valuable, connotative and meaningful"