The corporation runs in two major business units since 2006, one for general commercial activities (Chinese: 商业化业务), one for the management of the shares that converted from non-performing loans (Chinese: 政策性不良资产处置业务), which was classified as assets under management.[1]
In 2016 the corporation was re-incorporated as a "company limited by shares" (Chinese: 股份有限公司): China Orient Asset Management Co., Ltd. (Chinese: 中国东方资产管理股份有限公司) from China Orient Asset Management Corporation (COAMC, Chinese: 中国东方资产管理公司).[2]the National Social Security Fund and the Ministry of Finance were the shareholders. According to the company's news press, as at 30 June 2016 its net assets stood at CN¥55.6 billion. The former non-performing assets under management were converted to share capital, raising from CN¥10 billion to CN¥55.363 billion.[3]
Founded as a bad bank of Bank of China, Orient Asset also received Bank of China's asset management subsidiary Bangxin Asset Management in 2000, which itself was incorporated in 1994 as a subsidiary of BoC Shenzhen branch.[4]
In 2015 the group expanded as a full service financial conglomerate by acquiring the Bank of Dalian.[5]
This list is incomplete; you can help by adding missing items. (October 2016)
Referencesedit
^ ab"2012 Annual Report". China Orient Asset Management. archive of Shanghai Clearing House. 20 May 2013. Retrieved 13 October 2016.
^"中国东方资产管理股份有限公司成立" [The establishment of China Orient Asset Management Co. Ltd.] (in Chinese). chinanews.com. 30 August 2016. Retrieved 13 October 2016.
^"中国东方资产管理股份有限公司创立大会在京召开" [Establishment meeting of China Orient Asset Management Co., Ltd. was held in Beijing] (in Chinese). China Orient Asset Management. 30 August 2016. Retrieved 13 October 2016.
^ [About us] (in Chinese). Bangxin Asset Management. Archived from the original on 7 July 2017. Retrieved 9 January 2017.
^刘, 双霞 (16 November 2017). 东方资产庇护下的大连银行. 北京商报 (in Chinese (China)). Retrieved 20 November 2017 – via ce.cn.
^ abcdef"2015 Annual Report" (PDF). Shanghai Zendai Property. archive of Hong Kong Stock Exchange. 29 April 2016. Retrieved 13 October 2016.
^"2018 Annual Report" (PDF). Shenzhen Qianhai CORC Asset Management. Hong Kong Exchanges and Clearing Market Website. 30 April 2019. Retrieved 6 August 2019.
^"ANNOUNCEMENT PURSUANT TO RULE 3.7 OF THE TAKEOVERS CODE AND RULE 13.09 OF THE LISTING RULES AND INSIDE INFORMATION PROVISIONS UNDER PART XIVA OF THE SECURITIES AND FUTURES ORDINANCE AND RESUMPTION OF TRADING" (PDF). Shanghai Zendai Property. 24 December 2015. Retrieved 17 October 2016.
^"NOTICE OF LISTING ON THE STOCK EXCHANGE OF HONG KONG LIMITED: Charming Light Investments Ltd" (PDF). Charming Light Investments. archive of Hong Kong Stock Exchange. 29 December 2015. Retrieved 13 October 2016.
^"ACQUISITION OF 13.06% EQUITY INTERESTS IN CHINA UNITED INSURANCE" (PDF). CRRC Corporation. 8 January 2016. Retrieved 13 October 2016.
^"2015 Annual Report" (PDF). Dongxing Securities (in Chinese). archive of Shanghai Stock Exchange. 5 March 2016. Retrieved 13 October 2016.
^. Dongbei Special Steel Group Co., Ltd. (in Chinese). archive of Shanghai Clearing House. 30 April 2015. Archived from the original on 2 October 2016. Retrieved 29 September 2016.
^"上海梅山钢铁股份有限公司2014年度报告" [2014 Annual Report]. Shanghai Meishan Iron and Steel Co., Ltd. (in Chinese). archive of Shanghai Clearing House. 30 April 2015. Retrieved 6 October 2016.
^(PDF). Archived from the original (PDF) on 2016-10-13. Retrieved 2016-10-13.{{cite web}}: CS1 maint: archived copy as title (link)
^"2015 Annual Report". Tianjin Pipe (in Chinese). Shanghai Clearing House. 9 May 2016. Retrieved 15 October 2016.[permanent dead link]
^(PDF) (in Chinese). Xishan Coal Electricity Group. 30 June 2016. Archived from the original (PDF) on 4 November 2016. Retrieved 3 November 2016.
^ [Announcement on change in major shareholder] (PDF). China Kejian Co., Ltd. (in Chinese). archive of Shenzhen Stock Exchange. 9 August 2013. Archived from the original (PDF) on 13 October 2016. Retrieved 13 October 2016.
^(PDF). Archived from the original (PDF) on 2016-10-13. Retrieved 2016-10-13.{{cite web}}: CS1 maint: archived copy as title (link)
^(PDF). Archived from the original (PDF) on 2016-10-14. Retrieved 2016-10-13.{{cite web}}: CS1 maint: archived copy as title (link)
^(PDF). Archived from the original (PDF) on 2016-10-13. Retrieved 2016-10-13.{{cite web}}: CS1 maint: archived copy as title (link)
External linksedit
Official website
October 27, 2023
china, orient, asset, management, confused, with, orient, group, orient, securities, chinese, state, owned, enterprise, company, asset, management, company, merchant, bank, originated, bank, bank, china, bank, received, shares, from, debt, equity, swap, perfor. Not to be confused with Orient Group or Orient Securities China Orient Asset Management Co Ltd is a Chinese state owned enterprise The company is an asset management company and a merchant bank originated as a bad bank for the Bank of China The bank received shares from debt to equity swap of non performing loans China Orient Asset ManagementCOAMC logoFormerlyChina Orient Asset Management CorporationTypestate owned enterpriseIndustryFinancial servicesFounded1999 24 years ago 1999 HeadquartersBeijing ChinaArea servedChinaServicesmerchant bankasset managementCredit ratingRevenueCN 12 7 billion 2012 Operating incomeCN 4 0 billion 2012 Net incomeCN 12 35 billion 2017 Total assetsCN 979 22 billion 2017 Total equityCN 18 4 billion 2012 OwnerMinistry of Finance of ChinaNational Social Security FundParentMinistry of Finance of ChinaWebsitecoamc com cnFootnotes referencesin a consolidated basis commercial sector only 1 China Orient Asset Management Co Ltd Simplified Chinese中国东方资产管理股份有限公司Traditional Chinese中國東方資產管理股份有限公司TranscriptionsStandard MandarinHanyu PinyinZhōngguo Dōngfang zichǎn guǎnlǐ gǔfen yǒuxian gōngsiAlternative Chinese nameSimplified Chinese东方资产Traditional Chinese東方資產Literal meaningOrient AssetTranscriptionsStandard MandarinHanyu PinyinDōngfang zichǎnThe corporation runs in two major business units since 2006 one for general commercial activities Chinese 商业化业务 one for the management of the shares that converted from non performing loans Chinese 政策性不良资产处置业务 which was classified as assets under management 1 In 2016 the corporation was re incorporated as a company limited by shares Chinese 股份有限公司 China Orient Asset Management Co Ltd Chinese 中国东方资产管理股份有限公司 from China Orient Asset Management Corporation COAMC Chinese 中国东方资产管理公司 2 the National Social Security Fund and the Ministry of Finance were the shareholders According to the company s news press as at 30 June 2016 its net assets stood at CN 55 6 billion The former non performing assets under management were converted to share capital raising from CN 10 billion to CN 55 363 billion 3 Contents 1 History 2 Subsidiaries 3 Portfolio companies 3 1 Former portfolio companies 4 References 5 External linksHistory editFounded as a bad bank of Bank of China Orient Asset also received Bank of China s asset management subsidiary Bangxin Asset Management in 2000 which itself was incorporated in 1994 as a subsidiary of BoC Shenzhen branch 4 In 2015 the group expanded as a full service financial conglomerate by acquiring the Bank of Dalian 5 Subsidiaries editDoho Data Consulting Company Dong Yin Development Holdings 100 6 Wise Leader Assets 100 6 China Orient Asset Management International Holding Chinese 中国东方资产管理 国际 控股有限公司 100 6 China Orient Ruichen Capital Chinese 东方瑞宸基金管理有限公司 40 7 China Orient Summit Capital International Chinese 东方藏山资产管理有限公司 40 6 China Orient Summit Capital Special Situations Fund 100 6 8 Charming Light Investments SPV for dim sum bond SEHK 85723 9 Bangxin Asset Management 100 Bank of Dalian 39 70 China United Insurance Holding 51 01 10 Dongxing Securities 58 09 SSE 601198 11 Chinese 东方金诚 a Credit rating service provider This list is incomplete you can help by adding missing items October 2016 Portfolio companies editBaiyin Nonferrous 0 63 Dongbei Special Steel 16 6740 12 Meishan Iron and Steel 7 02 13 Shandong Jining Ruyi Woolen Textile 12 24 SZSE 002193 14 Shanghai Zendai Property via COS Greater China Special Situations Fund for 18 17 SEHK 755 6 Tianjin Pipe Corporation 3 03 15 Xishan Coal Electricity Group 5 67 16 This list is incomplete you can help by adding missing items October 2016 Former portfolio companies edit China Kejian Co Ltd SZSE 000035 17 Dongfeng Motor Group 2001 2004 18 Rising Nonferrous Metals SSE 600259 19 20 This list is incomplete you can help by adding missing items October 2016 References edit a b 2012 Annual Report China Orient Asset Management archive of Shanghai Clearing House 20 May 2013 Retrieved 13 October 2016 中国东方资产管理股份有限公司成立 The establishment of China Orient Asset Management Co Ltd in Chinese chinanews com 30 August 2016 Retrieved 13 October 2016 中国东方资产管理股份有限公司创立大会在京召开 Establishment meeting of China Orient Asset Management Co Ltd was held in Beijing in Chinese China Orient Asset Management 30 August 2016 Retrieved 13 October 2016 邦信资产管理有限公司简介 About us in Chinese Bangxin Asset Management Archived from the original on 7 July 2017 Retrieved 9 January 2017 刘 双霞 16 November 2017 东方资产庇护下的大连银行 北京商报 in Chinese China Retrieved 20 November 2017 via ce cn a b c d e f 2015 Annual Report PDF Shanghai Zendai Property archive of Hong Kong Stock Exchange 29 April 2016 Retrieved 13 October 2016 2018 Annual Report PDF Shenzhen Qianhai CORC Asset Management Hong Kong Exchanges and Clearing Market Website 30 April 2019 Retrieved 6 August 2019 ANNOUNCEMENT PURSUANT TO RULE 3 7 OF THE TAKEOVERS CODE AND RULE 13 09 OF THE LISTING RULES AND INSIDE INFORMATION PROVISIONS UNDER PART XIVA OF THE SECURITIES AND FUTURES ORDINANCE AND RESUMPTION OF TRADING PDF Shanghai Zendai Property 24 December 2015 Retrieved 17 October 2016 NOTICE OF LISTING ON THE STOCK EXCHANGE OF HONG KONG LIMITED Charming Light Investments Ltd PDF Charming Light Investments archive of Hong Kong Stock Exchange 29 December 2015 Retrieved 13 October 2016 ACQUISITION OF 13 06 EQUITY INTERESTS IN CHINA UNITED INSURANCE PDF CRRC Corporation 8 January 2016 Retrieved 13 October 2016 2015 Annual Report PDF Dongxing Securities in Chinese archive of Shanghai Stock Exchange 5 March 2016 Retrieved 13 October 2016 2014 Annual Report Dongbei Special Steel Group Co Ltd in Chinese archive of Shanghai Clearing House 30 April 2015 Archived from the original on 2 October 2016 Retrieved 29 September 2016 上海梅山钢铁股份有限公司2014年度报告 2014 Annual Report Shanghai Meishan Iron and Steel Co Ltd in Chinese archive of Shanghai Clearing House 30 April 2015 Retrieved 6 October 2016 Archived copy PDF Archived from the original PDF on 2016 10 13 Retrieved 2016 10 13 a href Template Cite web html title Template Cite web cite web a CS1 maint archived copy as title link 2015 Annual Report Tianjin Pipe in Chinese Shanghai Clearing House 9 May 2016 Retrieved 15 October 2016 permanent dead link 西山煤电 集团 有限公司2015年度财务等重大信息公开内容 PDF in Chinese Xishan Coal Electricity Group 30 June 2016 Archived from the original PDF on 4 November 2016 Retrieved 3 November 2016 简式权益变动报告书 Announcement on change in major shareholder PDF China Kejian Co Ltd in Chinese archive of Shenzhen Stock Exchange 9 August 2013 Archived from the original PDF on 13 October 2016 Retrieved 13 October 2016 Archived copy PDF Archived from the original PDF on 2016 10 13 Retrieved 2016 10 13 a href Template Cite web html title Template Cite web cite web a CS1 maint archived copy as title link Archived copy PDF Archived from the original PDF on 2016 10 14 Retrieved 2016 10 13 a href Template Cite web html title Template Cite web cite web a CS1 maint archived copy as title link Archived copy PDF Archived from the original PDF on 2016 10 13 Retrieved 2016 10 13 a href Template Cite web html title Template Cite web cite web a CS1 maint archived copy as title link External links editOfficial website nbsp Retrieved from https en wikipedia org w index php title China Orient Asset Management amp oldid 1163528992, wikipedia, wiki, book, books, library,
