China Orient Asset Management Co., Ltd. (hereinafter referred to as “China Orient” or “the Company”) is a central state-owned financial enterprise jointly founded by the Ministry of Finance and the National Council for Social Security Fund upon the approval of the State Council. China Orient was established in October 1999 as “China Orient Asset Management Company” and then restructured into a joint-stock limited company in September 2016. Since its inception, China Orient has been committed to “safeguarding state-owned assets, resolving financial risks, and advancing the reform of state-owned enterprises”. Taking compliance as its lifeline, the Company has accumulatively managed and disposed of distressed assets worth over RMB2 trillion, thus making positive contributions to the stability of China’s financial system.
As of the end of 2023, China Orient had total assets of RMB1,272 billion and owned 26 branch companies and eight class-I subsidiaries throughout the country. These subsidiaries are China United Insurance Group Company Limited, Bank of Dalian Co., Ltd., Dongxing Securities Co., Ltd., China Orient Asset Management (International) Holding Limited, Shanghai Dongxing Investment Holdings Co., Ltd., Orient Fuxing (Beijing) Asset Management Co. Ltd., Golden Credit Rating International Co., Ltd., and Daye Trust Co., Ltd. With a workforce of over 50,000 persons, the Company has extended business presence to a wide range of fields, such as distressed asset management, insurance, banking, securities, fund, trust, credit rating, and international business.
China Orient has been following the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, thoroughly studying and implementing the guiding principles from the 20th CPC National Congress and the Second Plenary Session of the 20th CPC Central Committee, the decisions and plans made at the Central Financial Work Conference and the Central Economic Work Conference. The Company will always keep firmly in mind the original aspiration and founding mission of central financial enterprises, and spare no effort to build China into a country strong in finance. The Company adopts a strong political and people-centered approach, and focuses on its primary responsibilities and core business based on its principal functions, making significant strides in developing five key areas of finance, namely technology finance, green finance, inclusive finance, pension finance, and digital finance. China Orient worked diligently to forestall and defuse financial risks in a professional and efficient manner, remains firmly committed to serving the real economy, and deepens financial reform. Through high-standard Party building, the Company pursues high-quality development, unswervingly takes the path of financial development with Chinese characteristics and made positive contributions to Chinese modernization.
