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China Huarong Asset Management Co Ltd

2799.HK

Latest Trade

1.02HKD

Change

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Today's Range

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 - 

--

52 Week Range

0.80

 - 

1.08

As of on the Hong Kong Stock Exchange ∙ Minimum 15 minute delay

Pricing

Previous Close
1.02
Open
--
Volume
--
3M AVG Volume
0.00
Today's High
--
Today's Low
--
52 Week High
1.08
52 Week Low
0.80
Shares Out (MIL)
39,070.21
Market Cap (MIL)
39,851.61
Forward P/E
--
Dividend (Yield %)
1.18

Next Event

China Huarong Asset Management Co Ltd Annual Shareholders Meeting

Latest Developments

More

China Huarong Asset Management To Transfer Stake In Entity

China Huarong Asset Management Plans To Transfer 71.99% Stake In Huarong Securities

S&P Says China Huarong And Subsidiaries Downgraded Amid Weakening Asset Quality; Outlook Negative

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About China Huarong Asset Management Co Ltd

China Huarong Asset Management Co Ltd is a China-based company mainly engaged in asset management business. The Company operates through three segments. The Distressed Asset Management Operations segment is engaged in distressed asset management, debt equity swap asset management, the management of non-performing assets carried out by subsidiaries distressed asset management business conducted by its subsidiaries, distressed asset-based special situations investments business and distressed asset-based property development business. The Financial Services segment mainly includes securities and futures business, financial leasing business, banking services business and consumer finance business. The Asset Management and Investment Operations segment is mainly engaged in trust business, private equity funds business, financial investments business, international business, and other businesses.

Industry

Misc. Financial Services

Contact Info

No.8 Financial Street, Xicheng District

BEIJING, BEJ

100033

China

+86.10.59618888

http://www.chamc.com.cn

Executive Leadership

Zhanfeng Wang

Executive Chairman of the Board

Qiang Liang

President, Executive Director

Yongli Xu

Vice President, Joint Company Secretary

Yanqing Chen

Vice President

Gan Gao

Assistant to President

Key Stats

Price To Earnings (TTM)
--
Price To Sales (TTM)
0.41
Price To Book (MRQ)
0.74
Price To Cash Flow (TTM)
--
Total Debt To Equity (MRQ)
2,522.69
LT Debt To Equity (MRQ)
1,113.52
Return on Investment (TTM)
-15.06
Return on Equity (TTM)
-6.32

Latest News

Latest News

China Huarong in talks with investors after $16 billion loss

Chinese state-owned asset manager China Huarong Asset Management sought on Monday to turn the page on a deep annual loss, as its chairman said it was in talks with potential new strategic investors alongside a CITIC-led consortium.

CORRECTED-Moody's downgrades China Huarong, cites $16 billion loss

Moody's Investor Service on Monday cut credit ratings for Chinese state-owned bad loan giant China Huarong Asset Management Co, citing the company's warning that it expects to book a net loss of nearly $16 billion for 2020.

China Huarong bonds jump on capital restructuring plan

Prices of bonds issued by China Huarong Asset Management Co Ltd's subsidiaries jumped on Thursday, after the troubled bad loan company announced a capital restructuring plan.

China's embattled Huarong warns of annual loss of $16 bln, reveals state investment

China Huarong Asset Management Co. Ltd warned investors a net loss of 102.9 billion yuan ($15.88 billion) in 2020 on Wednesday, after delaying its annual report for nearly five months amid restructuring uncertainties.

China Huarong to sell stake in consumer finance unit, restructure trust business

China Huarong Asset Management Co Ltd said on Tuesday that it plans to sell a 70% stake in a consumer finance unit, and restructure its trust subsidiary, as the Chinese bad loan company seeks to return to its core businesses to ensure sustainable operation.

China Huarong says cannot determine when it will publish 2020 earnings

China Huarong Asset Management Co Ltd said it cannot determine when it will publish its 2020 financial results, and proposed delaying its annual shareholder meeting, injecting fresh uncertainty into China's biggest bad-debt manager.

China Huarong International says it repaid maturing dollar bond

China Huarong International Holdings Ltd, an offshore arm of Chinese bad debt giant China Huarong Asset Management Co Ltd, said on Wednesday it had repaid a maturing dollar bond on time.

China pushes new candidate towards top of Huarong Asset Management

China's banking watchdog named Liang Qiang, an asset management veteran, to the senior post of deputy communist party boss at China Huarong Asset Management Co, the state-run firm that has faced restructuring, the company said on Tuesday.

Exclusive: China pushes Huarong to sell non-core units, mulls implicit support - sources

China is pushing China Huarong Asset Management Co to sell non-core assets, two people involved in the revamp told Reuters, while considering offering an implicit guarantee of the liabilities of the debt-laden bad-debt manager.

EXCLUSIVE-China pushes Huarong to sell non-core units, mulls implicit support - sources

China is pushing China Huarong Asset Management Co to sell non-core assets, two people involved in the revamp told Reuters, while considering offering an implicit guarantee of the liabilities of the debt-laden bad-debt manager.

EXCLUSIVE-China pushes Huarong to sell non-core units, mulls implicit support - sources

China is pushing China Huarong Asset Management Co to sell non-core assets, two people involved in the revamp told Reuters, while considering offering an implicit guarantee of the liabilities of the debt-laden bad-debt manager.

UPDATE 1-China Huarong International clears hurdle with dollar bond repayment

An offshore arm of Chinese bad debt giant China Huarong Asset Management Co Ltd repaid a maturing dollar bond on time on Thursday, after concerns over its ability to service debts prompted a sell-off of its bonds last month.

China's Huarong Asset Mgt disagrees with rating downgrade

A senior official from Chinese state-owned bad loan giant China Huarong Asset Management Co said on Friday the company did not agree with downgrading decisions by international rating agencies this week, and it is well prepared to pay its bonds.

UPDATE 3-China Huarong bonds fall on downgrade as repayment fails to soothe nerves

Bonds issued by subsidiaries of Chinese state-owned bad loan giant China Huarong Asset Management Co fell on Tuesday, after Fitch Ratings downgraded the parent company, even as Huarong companies met some debt repayment deadlines.

China Huarong bonds slump on Fitch downgrade; maturing bond repaid

Offshore bonds issued by subsidiaries of Chinese state-owned bad loan giant China Huarong Asset Management Co fell on Tuesday after Fitch Ratings downgraded the parent company due to concerns over the strength of its government backing.

S&P says Huarong events could prompt review of state support

S&P Global Ratings said on Wednesday that concerns over the creditworthiness of subsidiaries of Chinese bad-loan giant China Huarong Asset Management Co Ltd could prompt it to review government support for state-owned enterprises.

Exclusive: China asks banks not to withhold loans to asset manager Huarong - sources

Chinese regulators have asked some banks not to withhold loans to embattled asset management giant China Huarong Asset Management Co, as part of support measures to stabilize its cash flow and reduce the risk of market contagion, sources told Reuters.

China banking and insurance regulator says Huarong liquidity adequate - Shanghai Securities News

China Huarong Asset Management Co Ltd is operating normally and has adequate liquidity, the Shanghai Securities News reported on Friday, citing China's banking and insurance regulator.

EXCLUSIVE-China asks banks not to withhold loans to asset manager Huarong - sources

Chinese regulators have asked some banks not to withhold loans to embattled asset management giant China Huarong Asset Management Co, as part of the supportive measures to stabilize its cash flow position, sources told Reuters.

UPDATE 1-China dollar bond issuers hit by Huarong debt concerns

Chinese corporate dollar bond issuers are facing rising financing pressure after asset management giant China Huarong Asset Management Co delayed the release of its annual results, prompting broader concerns over issuers' creditworthiness.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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