October 28, 2016 3:55 PM ET

Capital Markets

Company Overview of China Huarong Asset Management Co., Ltd.

Company Overview

China Huarong Asset Management Co., Ltd., together with its subsidiaries, provides financial asset management services in China. The company operates through three segments: Distressed Asset Management, Financial Services, and Asset Management and Investment Business. It manages, invests in, and disposes financial and non-financial institution distressed assets, including debt-to-equity swap assets. The company is also involved in the bankrupt management, and investment and securities dealing activities; provision of financial bonds issuance, inter-bank borrowing and lending, and commercial financing for other financial institutions; asset securitization business, financial institutions cust...

No. 8, Financial Street

Xicheng District

Beijing,  100033


Founded in 1999

10,345 Employees


86 10 5961 8888


86 10 5961 8000

Key Executives for China Huarong Asset Management Co., Ltd.

President, Executive Director, Member of Related Party Transaction Committee and Member of Strategy & Development Committee
Age: 52
Total Annual Compensation: CNY582.0K
Chairman of the Board and Chairman of Strategy & Development Committee
Age: 53
Total Annual Compensation: CNY648.0K
Compensation as of Fiscal Year 2015.

China Huarong Asset Management Co., Ltd. Key Developments

China Huarong Asset Management Co., Ltd. Reports Unaudited Consolidated Cash Flow Results for the Six Months Ended June 30, 2016

China Huarong Asset Management Co., Ltd. reported unaudited consolidated cash flow results for the six months ended June 30, 2016. For the period, the company reported net cash generated from operating activities of RMB 46,679,282 against net cash used in operating activities of RMB 22,149,677 for the same period a year ago. Cash payments for purchase of property and equipment, investment properties and other assets was RMB 700,534 against RMB 498,529 for the same period a year ago.

China Huarong Asset Management Co., Ltd. Approves Amendments to Articles of Association

China Huarong Asset Management Co., Ltd. announced that at the extraordinary general meeting held on September 13, 2016, shareholders of the company approved amendments to the articles of association.

China Huarong Asset Management Co., Ltd. Announces Board Changes

The Board of China Huarong Asset Management Co., Ltd. announced the appointment of Mr. Wang Keyue as vice chairman of the company and his re-designation from executive Director to non-executive Director, which shall become effective from September 9, 2016. Mr. Wang Keyue will cease to be vice president of the company on the same date. Mr. Wang Keyue had been Vice President of the company from March 2009 to September 2016 and had been an executive Director and Vice President from September 27, 2012 to September 2016. The Board announced that is has considered and approved at the Board Meeting, the nominations of Mr. Wang Lihua and Mr. Li Yi, as an executive Director and as a non-executive Director, respectively.

Recent Private Companies Transactions

Private Placement
May 9, 2016
Huarong Securities Co., Ltd.
February 4, 2016
Shenzhen Electronics Group Co.,Ltd.
December 30, 2015
Jianghai Securities Co., Ltd.

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