HKEX:2799 - China Huarong Asset Management Co Ltd China Huarong Asset Management
Sector: Financials, Industry: Asset Management & Custody Banks
Next Earnings: 29 Mar 2022
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HKD 0.445    -0.015 (-3.26%)
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18 Jan 2022


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General

CEO: Mr. Zhanfeng Wang

Headquarters: HK

Employees: 11,013

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Description

China Huarong Asset Management Co Ltd operates as an asset manager also providing financial services. It has three segments. Its distressed asset management segment includes policy-related DES asset management business based on commercial buy-out of the company, special situations investments business, distressed asset-based property development business as well as market-oriented DES business of the group. The financial services segment includes securities and futures business, financial leasing business, banking services business, and consumer finance business. Asset management and investment segment include trust business, private equity funds business, international business, and other business. It derives the majority of its revenues through its distressed asset management services.