China Huarong

China CITIC Financial Asset Management Co., Ltd. (abbreviated as "CITIC Financial Assets"), formerly known as China Huarong Asset Management Co., Ltd., was established in 1999. It is one of the four state-owned financial asset management companies established to address the Asian financial crisis and mitigate financial risks. In January 2024, upon approval by the National Financial Regulatory Administration, the company was officially renamed China CITIC Financial Asset Management Co., Ltd., becoming a key financial segment of the CITIC Group.
The company's core business is the operation of non-performing assets, with a business scope covering four major functions: "disposal of troubled assets, revitalization of distressed projects, restructuring of troubled enterprises, and rescue of crisis-stricken institutions," thereby forming cross-regional and cross-industry capabilities in asset management and risk resolution.
CITIC Financial Assets is committed to the mission of "implementing national strategies, serving the real economy, and resolving financial risks." It focuses on the non-performing asset business and strives to become a first-class financial asset management company. Through market-oriented and professional means, the company disposes of non-performing assets, supports the restructuring and recovery of real enterprises, and actively participates in the rescue of troubled financial institutions.