GuShiio.com Late today, a number of state-controlled financial institutions issued announcements saying that some of their equity will be transferred to Central Huijin. Among them, China Cinda, Great Wall Assets, and Orient Assets are all AMC companies controlled by the Ministry of Finance.
Financial Union, February 14, reported that this evening, a number of state-controlled financial institutions issued announcements one after another that part of their equity will be transferred to Central Huijin. Among them, China Cinda, Great Wall Assets, and Orient Assets are all AMC companies controlled by the Ministry of Finance.
China Cinda announced on the Hong Kong Stock Exchange that it recently received a notice from the Ministry of Finance, its controlling shareholder.The Ministry of Finance plans to transfer its 22.137 billion domestic shares of the company (accounting for approximately 58% of the company’s total issued shares) to Central Huijin Investment Co., Ltd. free of charge.After the free transfer is completed, the Ministry of Finance will no longer hold shares in the company, and Huijin will directly hold 22.137 billion domestic shares of the company and become the controlling shareholder of the company. After the completion of this free transfer, the company will still be a state-controlled financial institution.
Data shows that the company’s predecessor, China Cinda Asset Management Company, was established in April 1999. It was approved by the State Council to effectively resolve financial risks, maintain the stability of the financial system, and promote the reform and development of state-owned banks and state-owned enterprises. The first financial asset management company. In June 2010, the overall restructuring was made into a joint-stock limited company. In April 2012, four strategic investors were introduced, including the National Social Security Fund, UBS, CITIC Capital and Standard Chartered Bank. On December 12, 2013, it was listed on the main board of the Hong Kong Stock Exchange, becoming the first China financial asset management company to enter the international capital market.
The company’s main businesses include non-performing asset management business and financial services business, of which non-performing asset management is the core business. The company has 33 branches across the country and nine directly managed platform subsidiaries in the mainland and Hong Kong engaged in non-performing asset management and financial services, including Nanyang Commercial Bank Co., Ltd., Cinda Securities Co., Ltd., China Golden Valley International Trust Co., Ltd., Cinda Financial Leasing Co., Ltd., China Cinda (Hong Kong) Holdings Co., Ltd., Cinda Investment Co., Ltd., Cinda Real Estate Co., Ltd., Cinda Capital Management Co., Ltd., Zhongrun Economic Development Co., Ltd. As of the end of 2023, the company has approximately 14,000 employees and total assets of 1,594.36 billion yuan, attributable to shareholders ‘equity of 192.829 billion yuan.
China Great Wall Asset Management Co., Ltd. issued an announcement on the change of the company’s controlling shareholder, stating that the company received a notice on February 14, 2025. According to relevant arrangements for party and state institutional reform,, the Ministry of Finance of the People’s Republic of China, the controlling shareholder of the company, plans to transfer all 37,670,043,600 shares of the company (accounting for approximately 73.53% of the total issued shares of the company) to Central Huijin Investment Co., Ltd. through free transfer.
Data shows that China Great Wall Asset Management Co., Ltd. was established on December 11, 2016 with a registered capital of 51.23 billion yuan. It was jointly initiated by the Ministry of Finance of the People’s Republic of China, the National social protection Fund Council and China Life Insurance (Group) Company. Its predecessor was China Great Wall Asset Management Company approved by the State Council in 1999.
The company’s current service network covers 30 provinces, autonomous regions, municipalities directly under the Central Government and the Hong Kong Special Administrative Region across the country. It has 32 branches and owns 8 holding companies including Great Wall West China Bank, Great Wall Guorui Securities, Changsheng Life Insurance, Great Wall Xinsheng Trust, Great Wall Financial Leasing, Great Wall Investment Fund, Great Wall International Holdings, and Great Wall Guofu Real Estate.
China Orient Asset Management Co., Ltd. issued an announcement on the change of the company’s controlling shareholder, stating that the company received a notice on February 14, 2025. According to relevant arrangements for party and state institutional reform,The Ministry of Finance of the People’s Republic of China, the controlling shareholder of the company, plans to transfer all 48.83 billion shares of the company (accounting for approximately 71.55% of the company’s total issued shares) to Central Huijin Investment Co., Ltd. through free transfer.
Data shows that China Orient Asset Management Co., Ltd. is a central financial enterprise approved by the State Council and jointly initiated and established by the Ministry of Finance of the People’s Republic of China and the National social protection Fund Council. China Orient was formerly known as China Orient Asset Management Company. It was established in October 1999 and was restructured into a joint-stock limited company in September 2016. Since its establishment, China Oriental has always taken the mission of “protecting state-owned assets, resolving financial risks, and promoting the reform of state-owned enterprises.” It has taken legal and compliant operations as its lifeline, and has managed and disposed of a total of more than 2 trillion yuan in various non-performing assets, making positive contributions to the stability of the national financial system.
As of the end of 2023, China Oriental Group’s total assets reached 1.272 billion yuan, with a total of 26 branches across the country, including China United Insurance Group Co., Ltd., Dalian Bank Co., Ltd., Dongxing Securities Co., Ltd., China Oriental Asset Management (International) Holdings Co., Ltd., Shanghai Dongxing Investment Holding Development Co., Ltd., Dongfang Fuxing (Beijing) Asset Management Co., Ltd., Dongfang Jincheng International Credit Evaluation Co., Ltd., Eight first-class subsidiaries, including Daye Trust Co., Ltd., have businesses covering non-performing asset management, insurance, banking, securities, funds, trusts, credit rating and overseas business, with a total of more than 50,000 employees.
In addition, China Securities Finance Corporation issued an announcement on changes in the company’s shareholders, stating that the company recently received a notice that in accordance with relevant arrangements for party and state institutional reform, the company’s shareholders plan to transfer their 66.7% equity in the company to Central Huijin Investment Co., Ltd.
China Securities Finance Corporation was established on October 28, 2011. It is a national securities financial institution established with the consent of the State Council and approved by the China Securities Regulatory Commission. It is a financial institution engaged in refinancing business in China, aiming to provide supporting services for the margin financing and securities lending business of securities companies.
The shareholder units of China Securities and Finance Co., Ltd. are: Shanghai Stock Exchange, Shenzhen Stock Exchange, Shanghai Futures Exchange, China Securities Depository and Clearing Company, China Financial Futures Exchange, Dalian Commodity Exchange and Zhengzhou Commodity Exchange.
