Huarong News
On the morning of August 30, China Huarong held a conference on its 2022 interim results in Beijing. Liu Zhengjun, Chairman of the Company, introduced the Company's overall operating results in the first half of the year and the next work arrangement. President Liang Qiang made a detailed analysis and explanation of the operating performance. Xu Yongli, Vice President and Secretary to the Board of Directors, presided over the meeting. Other members of the company leadership, equity directors and key officials from relevant departments attended the meeting. More than 120 representatives from China Huarong shareholders, major domestic and foreign investment institutions, leading investment banks, rating agencies, media and investors of Southbound Trading, attended the meeting through telephone conference system.
The 14th Five-Year Plan period is a critical period for China Huarong to consolidate its foundation, seek progress while maintaining stability, improve quality and efficiency, and promote high-quality development. The Company will, guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, resolutely implement the new development concept and the Party Central Committee’s financial work deployment under the leadership of the CITIC Group, seize new opportunities, demonstrate new actions, and present a new atmosphere. The Company will undertake the development mission of “practicing national strategy, serving the real economy and resolving financial risks”, adhere to the development vision of “focusing on the main business of non-performing assets and building a first-class financial asset management company”, and fully realize the “one-three-five” strategic goal of “getting on the right track in one year, significantly improving the quality and efficiency in three years, and becoming the industry benchmark in five years”.
On the morning of January 5, 2022, China Huarong held a press conference providing updates on strategic investor introduction and capital increase, the resumption of stock trading, as well as the Company’s operating results and development strategy for the next step.
January 5, 2022, China Huarong held a press conference, providing updates on strategic investor introduction and capital increase, the resumption of stock trading, as well as the Company’s operating results and development strategy for the next step, and answering questions raised by reporters. The on-site Q&A records are provided below.
Our Business

Distressed asset management is the foundation of our business. We apply different operational and management models for different distressed asset market segments to realize income from appreciation in asset value and restructuring of assets. Our distressed asset management business is comprised of 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. With our professional technical advantages, extensive experience in capital operations and accumulated client resources, our professional team is able to maximize the value of distressed assets. Based on our experience, we have gradually explored and formed a distressed asset pricing mechanism and a risk control system befitting our business features. Meanwhile, backed by our sound process management and risk management systems, thorough due diligence investigation, flexible transaction structure planning and stringent project risk control measures, we have achieved effective risk control. Prior to the acquisition of distressed asset, we conduct stringent due diligence investigation and prudent assets evaluation. After the commencement of a project, we conduct regular and consecutive monitoring as well as dynamic management of the project and the related collateral. When we dispose assets, we also conduct appropriate evaluation and make the disposal in a public and transparent manner. Through a comprehensive set of project process system we manage to classify, reassess and enhance the value of our distressed assets in order to maximize returns.

This creates a comprehensive financial service system which covers different business life cycles for clients and the entireindustryvalue chain. Utilizing our industry experience and expertise, we design and provide customized financial products and services catering to the needs of different client groups as well as their unique needs at different stages of the business lifecycle.

Supported by assets, customers and technical advantages accumulated from our business of distressed asset management and financial services, our asset management and investment business includes asset management, financial investments, international business and other business. It primarily generates commission and fee income, as well as investment income, which enhances the overall profitability and improve the business and income structures of the Group. Our asset management and investment business extends and supplements our distressed asset management business and serves as an important platform for providing our clients with comprehensive arrays of diversified asset management, investment and financing services. Based on the asset management capability, experience and project resources from the operation of distressed assets, as well as the diversified financing channels, customer resources and marketing channels powered by various financial service subsidiaries, we can effectively carry out the third-party asset management business, and continuously explore the asset-light and capital-light profit model while reducing credit and liquidity risks.

Contact: (8610) 5961-8888
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  • No.8 Financial Street, Xicheng District, Beijing Zip Code:100033
  • Tel: (8610) 5961-8888 Fax: (8610) 5961-8000
  • ? 2019 2015 China Huarong Asset Management Co., Ltd. All Rights Reserved.
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