China Huarong is a central enterprise, and the State Council's Ministry of Finance holds 98.6% of the shares of this enterprise. Huarong Investment is one of the four state-owned asset management companies, and the other three are Cinda Assets, Great Wall Assets and Oriental Assets. China Huarong Asset Management Co., Ltd., a central financial enterprise, is a non-bank financial institution established by the Ministry of Finance and China Life Insurance Group (the company) in Beijing on October 12, 212 with its headquarters in Beijing. China Huarong changed from a policy-oriented financial institution to a market-oriented financial institution.
China Huarong Asset Management Co., Ltd., formerly known as China Huarong Asset Management Co., Ltd., was founded in 1999. It has played an important "safety net" and "stabilizer" role in supporting the reform and development of state-owned banks, reducing debts and extricating state-owned enterprises from difficulties, resolving systemic financial risks and maintaining the stable operation of the financial system.
after the successful completion of the policy asset disposal task entrusted by the state, the commercial transformation began in 26. Especially since 29, the business performance has doubled for three consecutive years, entering a new era of extraordinary and leap-forward development. By the end of June 212, the total assets of China Huarong Group were 246.3 billion yuan, and the owners' equity of the Group was 34.4 billion yuan.
The company owns 1 holding subsidiaries, namely Huarong Xiangjiang Bank, Huarong Securities, Huarong Trust, Huarong Leasing, Rongde Assets, Huarong Yufu Equity Investment Fund, Huarong Futures, Huarong Real Estate, Huarong Zhiyuan Investment and Huarong Huitong Assets. It has been initially built into a large state-owned financial holding group, which can provide customers with asset management, banking, securities, trust, leasing, funds, futures, etc.
What is the significance of its existence?