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 approval from the State Council. Established in October 1999 as “China Orient Asset Management Company”, China Orient was restructured into a joint-stock limited company in September 2016. Since its inception, China Orient has been fulfilling the role of “safeguarding state-owned assets, resolving financial risks, and advancing the reform of state-owned enterprises”, while regarding lawful operation as its lifeline, the Company has accumulatively managed and disposed of more than RMB 2 trillion distressed assets, making positive contributions to the stability of China’s financial system.
By the end of 2021, China Orient’s total assets amounted to RMB 1,21 trillion, and the Company now owns 26 branch companies and 11 Class I subsidiaries throughout the country. These subsidiaries include China United Insurance Group Company Limited, Bank of Dalian Co., Ltd., Dongxing Securities Co., Ltd., China Orient Asset Management (International) Holding Limited, Bangxin Asset Management Co., Ltd., Shanghai Dongxing Investment Holdings Co., Ltd., China Orient Qianhai Asset Management Co., Ltd., Golden Credit Rating International Co., Ltd., Daye Trust Co., Ltd., Orient Bangxin Capital Co., Ltd. and Zhejiang Rongda Enterprise Management Co., Ltd. With more than 50,000 employees, the Company’s business scope covers distressed assets management, insurance, banking, securities, fund, trust, credit rating, and international business, etc.
In 2022, the Company will keeping upholding the leadership of Xi Jinping Thought on Socialism with Chinese Characteristics, and implement the spirit of the 19th CPC National Congress and its plenary sessions. China Orient bears in mind the top priorities of the country, firmly grasp two overall situations, and sticks to the original aspirations and missions of central financial enterprises. On the basis of fully applying the principles of financial work, China Orient is determined to seek in-depth development of Party self-governance exercised fully with rigor, to devote substantial efforts to concentrate on the main business, meanwhile, to serve the real economy, prevent and resolve financial risks, and deepen financial reform. By guaranteeing the virtuous circle of economic and financial system, the Company will continue to serve the national financial strategic blueprint, and salute the successful commencement of 20th CPC National Congress with practical actions.
