December 17, 2014 4:38 PM ET

Capital Markets

Company Overview of China Huarong Asset Management Co., Ltd.

Company Overview

China Huarong Asset Management Co., Ltd. is a state owned investment manager. The firm primarily provides its services to individuals. It manages equity and fixed income portfolios. The firm invests in the public equity and fixed income markets across the globe. China Huarong Asset Management Co., Ltd. was founded in 1999 and is based in Beijing, China.

No. 10 Baiyun Road

Xicheng District

Beijing,  100033

China

Founded in 1999

Phone:

86 10 5961 8888

Fax:

86 10 5961 8000

Key Executives for China Huarong Asset Management Co., Ltd.

President and General Manager
Consultant
Compensation as of Fiscal Year 2014.

China Huarong Asset Management Co., Ltd. Key Developments

Investors Reportedly Nearing $2 Billion Deal To Buy Stake Huarong

Goldman Sachs and Warburg Pincus are among the investors nearing a deal to buy up to 20% stake in China Huarong Asset Management Co., Ltd. for about $2 billion, people familiar with the matter told Reuters. Other investors preparing to buy into China's biggest bad debt manager include Khazanah Nasional Bhd, CITIC Group, China International Capital Corp, Fosun Group and COFCO Corp, the people added. Huarong is planning to sell the stake to strategic investors ahead of an eventual initial public offering and the seven investors are likely to sign an agreement over the next month, said the people.

China Huarong Seeks An IPO

China Huarong Asset Management Co., Ltd. is planning to go public through an initial public offering (IPO) in 2015, News from Moody's said. The Ministry of Finance holds 98.1% and China Life Insurance (Group) Company Limited holds rest 1.9% stake in China Huarong which may be diluted after the public listing.

China Huarong Asset Management Announces Earnings Results for the First Quarter of 2014

China Huarong Asset Management announced earnings results for the first quarter of 2014. For the quarter, the company reported, total profits of CNY 5.09 billion. Net profits attributable to shareholders totaled CNY 3.264 billion, growing 75% over a year earlier. Annualized return on equity hit 29.74%; annualized return on assets hit 3.85%.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
October 20, 2014
Beijing E-Hualu Information Technology Co., Ltd.
Private Placement
August 28, 2014
--
Merger/Acquisition
May 16, 2014
AVIC Shenyang Aircraft Corporation
 

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