Is China Huarong a central enterprise? What does Huarong do?

China Huarong is a central enterprise, and the State Council Ministry of Finance holds 98.06% of the shares. Huarong Investment is one of the four state-owned asset management companies, and the other three are Cinda Assets, Great Wall Assets and Oriental Assets. China Huarong Asset Management Co., Ltd., a central financial enterprise, is a non-bank financial institution established by the Ministry of Finance and China Life Insurance Group in Beijing on 20 12, 12, and its headquarters is in Beijing. China Huarong changed from a policy-oriented financial institution to a market-oriented financial institution.

China Huarong Asset Management Company, formerly known as China Huarong Asset Management Company, was established in 1999. It has played an important role as a "safety net" and "stabilizer" in supporting the reform and development of state-owned banks, reducing debts and extricating themselves from difficulties, resolving systemic financial risks and maintaining the stable operation of the financial system.

After successfully completing the policy asset disposal task entrusted by the state, the commercial transformation began in 2006. Especially since 2009, the business performance has doubled for three consecutive years, entering a new era of extraordinary and leap-forward development. By the end of June 20 12, China Huarong Group had total assets of 246.3 billion yuan and owners' equity of 34.4 billion yuan.

The company has Huarong Xiangjiang Bank, Huarong Securities, Huarong Trust, Huarong Leasing, Rong De Assets, Huarong Yufu Equity Investment Fund, Huarong Futures, Huarong Real Estate, Huarong Zhiyuan Investment, Huarong Huitong Assets, etc. 10 holding subsidiaries, and has initially established a large state-owned financial holding group that can provide customers with services such as asset management, banking, securities, trust, leasing, funds and futures.