China Huarong Asset Management Co., Ltd. history, profile and corporate video
China Huarong Asset Management Co., Ltd. is a financial asset management company headquartered in Beijing, China.
China Huarong was founded in 1999 as China Huarong Asset Management Corporation, being one of the four major state-owned financial asset management companies set up to withstand the impact of the Asian Financial Crisis, resolve financial risks, promote reform of state-owned banks and provide bailouts for state-owned enterprises.
In 2012, the company was converted into a joint-stock limited company upon the approval of the State Council, becoming China Huarong Asset Management Co., Ltd.
In 2015, China Huarong was listed on the Main Board of the Hong Kong Stock Exchange.
OPERATIONS
The company operates through the following business segments: Distressed Asset Management, Financial Services, and Asset Management & Investment.
Distressed Asset Management
The Distressed Asset Management segment comprises distressed debt asset management, DES asset management, custody and agency services for distressed assets, distressed asset-based special situations investments and distressed asset-based property development.
Financial Services
The Financial Services segment provides financing channels and financial products through a financial services platform composed of Huarong Xiangjiang Bank, Huarong Financial Leasing, Huarong Securities, Huarong Consumer Finance, and Huarong Futures.
Asset Management & Investment
The Asset Management & Investment segment includes asset management, financial investments, international business and other business.
SUBSIDIARIES
- Huarong Securities
- Huarong Financial Leasing
- Huarong Xiangjiang Bank
- Huarong International Trust
- Huarong Futures
- Huarong Rongde,
- Huarong Industrial
- Huarong International
- Huarong Consumer Finance
With more than 10,000 employees, China Huarong Asset Management Co., Ltd. is considered one of the Largest Public Companies in the World, according to Forbes.
*Information from Forbes.com, Wikipedia.org, and www.chamc.com.cn/en.
**Video published on YouTube by “Economy Trivia“.
