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COAMC's Party Committee Secretary and Chairman Wu Yue Attended the 14th China International Finance Forum by Invitation and Gave a Keynote Speech

On December 14, the 14th China International Finance Forum (“CIFF”) opened in Shanghai. Wu Yue – Secretary of the Party Committee and Chairman of the Board of Directors of China Orient Asset Management Co., Ltd. (“COAMC”) attended the forum by invitation and gave a keynote speech.

CIFF, established in 2004, whose sponsors include Office of Financial Times, China Banking Association, Insurance Association of China, China Micro-credit Companies Association and International Capital Market Association and so on, is a prestigious finance forum in the industry. The theme of this Forum is “Financial Source Return Serving for the Real Economic Development”. Representatives of People's Bank of China, China Banking Regulatory Commission, World Bank and International Financial Stability Association, senior executives of domestic and foreign large financial institutions, well-known entrepreneurs in other industries and experts and scholars of the academic institutions were present at the Forum.

Wu Yue – Secretary of the Party Committee and Chairman of the Board of Directors of COAMC attended the Forum by invitation, and in combination with the development practice of COAMC, he gave a keynote speech titled Deeply Explore the Main Business of Non-performing Asset to Help Deepen the Supply-side Structural Reform, Enhance the Quality and Efficiency of Serving the Real Economy.

Mr. Wu Yue stated the efforts COAMC made when actively implementing the spirit of the 19th National Congress of the CPC, adhering to the requirement of “being relatively centralized, highlighting the main business” and making transformation and innovation under the leadership of Xi Jinping's thought on socialism with Chinese characteristics for a new era and based on its own development, giving full play to he comprehensive advantages of a full-licensed and multi-network group, greatly enhancing the financial service level and better serving the real economy.

Mr. Wu Yue said COAMC would continue to strengthen all-round cooperation with the local governments at all levels and actively vitalize the local stock assets, actively carry out market-oriented debt-to-equity swap business and greatly promote the de-leverage of State-owned enterprises, develop the "industry M&A + finance" model and serve the transformation and upgrading of entity enterprises, deepen the innovation on disposal model and participate in the disposal of non-performing assets together with social force. COAMC would make greater contributions to further enhancing the quality and level of serving the real economy, and promoting the structural adjustment, industry upgrading and strategic transformation of national economy.