China Huarong Asset Management

China Huarong's "Recent Concerns" and "Future Worries"

Retrieved on: 
Wednesday, June 30, 2021
Finance, Companies, H shares, Economy, China Huarong Asset Management, Bank, United States federal banking legislation, ING Group, Banking in China, Banking Act

Apart from the financial statements, on the other hand, CHAMC is a financial enterprise majority-owned by the Ministry of Finance and directly supervised by the China Banking and Insurance Regulatory Commission (CBIRC).

Key Points: 
  • Apart from the financial statements, on the other hand, CHAMC is a financial enterprise majority-owned by the Ministry of Finance and directly supervised by the China Banking and Insurance Regulatory Commission (CBIRC).
  • After all, China does not lack good banking, insurance and securities institutions, but needs more professional and experienced non-performing asset management institutions.
  • For China Huarong, stabilizing the current liquidity is only a phased task, rather than a goal of reform.
  • In the first quarter, the banking industry disposed of non-performing loans of RMB463.2 billion, exceeding the same period last year.