March 03, 2015 12:44 PM ET

Capital Markets

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

Company Overview

China Huarong Asset Management Co., Ltd. is a state owned investment manager. The firm primarily provides its services to individuals. It manages equity and fixed income portfolios. The firm invests in the public equity and fixed income markets across the globe. China Huarong Asset Management Co., Ltd. was founded in 1999 and is based in Beijing, China.

Beijing on the 8th

Xicheng District

No. 10 Baiyun Road

Beijing,  100033

China

Founded in 1999

Phone:

86 10 5961 8888

Fax:

86 10 5961 8000

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

President and General Manager
Consultant
Age: 51
Compensation as of Fiscal Year 2014.

China Huarong Asset Management Co., Ltd. Key Developments

China Huarong Reportedly Plans IPO

China Huarong Asset Management Co., Ltd. plans to launch a Hong Kong initial public offering (IPO) in the third quarter or second half of 2015 in order to raise upto $3 billion, people with knowledge of the matter said. One of the people stated that it could raise more than $2 billion if it sells a 20% stake. The people added that China Huarong hasn’t yet sought Hong Kong stock exchange approval or finalized the exact size of the offering. Citigroup Inc., Goldman Sachs Group Inc., ICBC International Holdings Ltd. and HSBC Holdings Plc are working on Huarong’s share sale, the people said.

Investors Reportedly Nearing $2 Billion Deal To Buy Stake Huarong

Goldman Sachs and Warburg Pincus are among the investors nearing a deal to buy up to 20% stake in China Huarong Asset Management Co., Ltd. for about $2 billion, people familiar with the matter told Reuters. Other investors preparing to buy into China's biggest bad debt manager include Khazanah Nasional Bhd, CITIC Group, China International Capital Corp, Fosun Group and COFCO Corp, the people added. Huarong is planning to sell the stake to strategic investors ahead of an eventual initial public offering and the seven investors are likely to sign an agreement over the next month, said the people.

China Huarong Seeks An IPO

China Huarong Asset Management Co., Ltd. is planning to go public through an initial public offering (IPO) in 2015, News from Moody's said. The Ministry of Finance holds 98.1% and China Life Insurance (Group) Company Limited holds rest 1.9% stake in China Huarong which may be diluted after the public listing.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 17, 2015
China Erzhong Group (Deyang) Heavy Industries Co., Ltd.
Private Placement
December 31, 2014
Huarong International Trust Co., Ltd.
Private Placement
October 20, 2014
Beijing E-Hualu Information Technology Co., Ltd.
 

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