Company Profile

  China CITIC Financial Asset Management Co., Ltd. (stock code: 2799), with its predecessor being China Huarong Asset Management Corporation founded on November 1, 1999, is one of the four major state-owned financial asset management companies established in response to the Asian financial crisis and for mitigating financial risks, promoting the reform of state-owned banks and providing relief support to troubled state-owned enterprises. It was converted into a joint stock limited company on September 28, 2012. On October 30, 2015, the Company was listed on the Main Board of the Hong Kong Stock Exchange. In March 2022, the Company’s Party Committee was put under the management of the Party Committee of CITIC Group Corporation. In January 2024, the Company officially changed its name to China CITIC Financial Asset Management Co., Ltd. Currently, the shareholders of the Company include the CITIC Group Corporation, the Ministry Of Finance, China Insurance Rongxin Private Equity Fund Co., Ltd. and China Life Insurance (Group) Company. 

  The Company mainly engages in such business sectors as distressed asset management, financial services, and asset management and investment, with distressed asset management being its core business which covers four functions of “disposal of troubled assets, revitalization of problematic projects, restructuring of struggling enterprises and relief of institutions in crisis”. As of 2023, the Company’s total assets reached RMB968.103 billion. In 2023, it recorded a revenue of RMB75.80 billion and achieved a net profit attributable to shareholders of RMB1.766 billion. Currently, it has 33 branches with geographic coverage across 30 provinces, autonomous regions and municipalities in the Chinese mainland as well as in the Hong Kong and Macau Special Administrative Regions. Its subsidiaries include Financial Leasing, Rongde Asset, Industrial Company, International Company and Huitong Asset.

  Looking into the future, the Company will adhere to the national orientation of financial asset management companies, undertake the development mission of "practicing national strategies, serving the real economy and mitigating financial risks", and accomplish the development vision of "focusing on the main business of distressed assets and building a first-class financial asset management company". Acting on the overall guideline of “consolidating foundation, seeking progress while maintaining stability, improving quality and efficiency”, the Company will strive to deepen reform and transformation, achieve high-quality development, and realize the “135” strategic goal of getting on the right track in one year, and significantly improving quality and efficiency in three years and becoming industry benchmark in five years.

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 CITIC Financial Asset Management Co., Ltd. All Rights Reserved.