China Huarong Asset Management Co., Ltd. ("China Huarong", Stock Code: 2799), with its predecessor being China Huarong Asset Management Corporation founded on November 1, 1999, was converted into a joint stock limited company upon the approval of the State Council on September 28, 2012. On October 30, 2015, China Huarong was listed on the Main Board of the HKEX.
In 2017, the net profit of China Huarong was 26.6 billion RMB. As of 2017, the company’s total assets reached 1.87 trillion RMB, and total equity amounted to 182.6 billion RMB.
Currently, China Huarong has 31 branches with geographic coverage across 30 provinces, autonomous regions and municipalities in Mainland China as well as in Hong Kong and Macau. Its operating subsidiaries include Huarong Securities, Huarong Financial Leasing, Huarong Xiangjiang Bank, Huarong Trust, Huarong Futures, Huarong Rongde, Huarong Real Estate, Huarong International and Huarong Consumer Finance. China Huarong provides multi-licensed, multifunctional and comprehensive financial services in areas such as distressed asset management, asset management, banking, securities, trust, financial leasing, investment, futures and consumer finance.