Huarong Group is a central enterprise.

China Huarong Asset Management Co., Ltd., a central financial enterprise, was established on November 1, 1999. It is one of the four state-owned financial asset management companies established to cope with the Asian financial crisis, resolve financial risks, and promote the reform of state-owned banks and the extrication of state-owned enterprises. On September 28th, 212, with the approval of the State Council, the whole company was restructured into a joint stock limited company.

looking forward to the future, China Huarong will base itself on the national functional orientation of financial asset management companies, focus on non-performing assets, serve the real economy, prevent and control financial risks, deepen reform and transformation, create a sustainable business model and achieve high-quality development.

Major Events

On November 17, 221, the 13th Board of Directors of China Huarong deliberated and passed the Proposal on 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 Rongxin Private Equity Fund Co., Ltd., China Cinda Asset Management Co., Ltd. and ICBC Financial Asset Investment Co., Ltd.