About CITIC FAMC Company

China CITIC Financial Asset Management Co., Ltd. (stock code: 2799), formerly known as China Huarong Asset Management Company, was established on November 1, 1999. It is one of the four major state-owned financial asset management companies established to respond to the Asian financial crisis, mitigate financial risks, and promote state-owned bank reform and state-owned enterprise reform to get out of trouble. On September 28, 2012, with the approval of the State Council, the entire company was restructured as a limited company limited by shares. On October 30, 2015, the Company was listed on the main board of the Hong Kong Stock Exchange. In March 2022, with the approval of higher authorities, the company's party committee transferred management to the party committee of China CITIC Group Co., Ltd. In January 2024, with approval from higher authorities, the company officially changed its name to “China CITIC Financial Asset Management Co., Ltd.” Currently, the company's major shareholders include China CITIC Group Co., Ltd., the Ministry of Finance, the National Social Security Fund Council, China Insurance Rongxin Private Equity Fund Co., Ltd., China Life Insurance (Group) Company, and the US Huaping Group. The Company's main business includes non-performing asset management business, financial services business, and asset management and investment business. Among them, non-performing asset management is the core business of the Company. Currently, CITIC Financial Assets has 33 branches, and its service network covers 30 provinces, autonomous regions, municipalities in China, Hong Kong, and Macau, China. It owns platform subsidiaries such as rent rental companies, Rongde Assets, industrial companies, international companies, and Huitong Assets.