October 30, 2015, China Huarong successfully listed on the Hong Kong Stock Exchange, marking the policy of non-performing assets disposal institutions from the successful transformation of state-owned large-scale modern financial enterprises

As of the end of 2016, China Huarong total assets of 1411.97 billion yuan, nearly 43 times higher than the end of 2008; net assets exceeded 150 billion yuan, nearly 10 times higher than the end of 2008; net profit of 21.11 billion yuan, compared with 2008 growth of 68 Times; provision coverage rate of 444.4%, provision ratio of 8.8%, greatly enhance the ability to resist risks

China Huarong Asset Management Co., Ltd. (hereinafter referred to as "China Huarong") has continued to maintain China's "largest assets, the strongest profitability, the most profitable and the good return on equity as a large-scale financial central enterprise controlled by the Ministry of Finance. , Financial license complete, brand value loud "state-owned financial asset management company status.

Since the establishment of November 1, 1999, China Huarong has fully completed the policy of non-performing assets assigned to the task, in order to support the restructuring of state-owned banks, state-owned enterprises turnaround, to prevent financial risks to play a "safety net" and " The important role.

Since 2009, China Huarong new leadership team clarified the company "professional asset management managers, excellent integrated financial service providers," the market position, adhere to the "innovation + sound" to promote China's Huarong continue to do better Bigger. October 30, 2015, China Huarong successfully listed on the Hong Kong Stock Exchange, marking the China Huarong from the policy of non-performing assets disposal institutions successfully transformed into large state-owned modern financial enterprises.

As of the end of 2016, the Group's total assets reached 141.197 billion yuan, nearly 43 times higher than the end of 2008; net assets exceeded 150 billion yuan, nearly 10 times higher than the end of 2008; 2016 annual net profit of 231.1 billion yuan, Nearly 68 times; average return on equity 18.4%, provision coverage of 444.4%, the core indicators of good and stable, to achieve the "state-owned economy full of vitality, state-owned capital function amplification, substantial appreciation of state-owned assets," a good development situation.

In recent years, the practice of transformation and development, China Huarong adhering to the "innovation + sound" concept, and always adhere to and vigorously promote the "eight innovation":

First, innovative ideas. Company Party Committee summed up the 220 advanced, in line with China Huarong actual, effective use of the new concept of the market, leading the company transformation and development. To maintain the "listen to the party, with the government to go, according to the laws of the market" business philosophy, straighten out the government, market and business relations; always adhere to the "self-confidence, self-confidence, road self-confidence, cultural self-confidence," " Self-confidence ", is committed to building" dignified, valuable, meaningful, powerful, responsible "and" five have "modern financial enterprises; the face of the new normal, put forward efforts to achieve" governance science, Outstanding, comprehensive management, excellent performance, "the" first-class asset management company, "the development goals, to promote China's Huarong to achieve a scientific and sustainable development.

Second, innovation and development model. Vigorously innovate "cross-cycle operation" development model, expand the scope of asset management business, to achieve "non-performing assets management, financial services, asset management and investment," the three major business plate collaborative development. Increase the financing model innovation, to create "bond-type asset management company" made an important breakthrough to complete large-scale domestic and foreign issuance of bonds, a record number of new market records, selected National Development and Reform Commission 2016 annual foreign debt management reform pilot units, "Huarong debt" Has become a new bright spot in the domestic and foreign bond market.

Third, the innovation system mechanism. The "five-in-one" modern corporate governance structure, and perfect the three major corporate governance, business governance and risk management of the three aspects of the governance of the "corporate governance, business governance, risk management" System, continue to enhance the "major project decision-making, management, supervision and inspection, information technology governance, team due diligence" five governance capabilities.

Fourth, innovative business platform. Active docking country "along the way" construction, Beijing-Tianjin-Hebei coordinated development, free trade pilot area development strategy and policy opportunities, and constantly enrich the whole financial license holding company system, improve the comprehensive financial services. In Hong Kong and Macao to create a number of international business platform, and strive to build "based in Hong Kong, Macao and Taiwan, service Greater China, docking 'area along the way," internal and external linkage, "a new pattern of international strategy. In the territory, and actively respond to the development strategy of the FTA, successively set up branches in Shanghai, Guangdong, Fujian and Tianjin Free Trade Area, relying on the policy advantages of FTA, with innovation services for the reform and development of FTA.

Fifth, innovative products and services. Adhere to the "stock + incremental" "debt + equity" "financial + industry" "acquisition + reorganization" to create the whole industry chain financial products and services system, vigorously carry out financial and non-financial bad debt business, promote non-performing assets securitization, Business fund-making model of new breakthroughs, to explore the establishment of non-performing assets acquisition fund, the implementation of "Internet +" strategy, relying on multi-licensing financial business platform, continuous innovation products and financial services.

Six is ​​the innovative management. Strengthen the internal control of the Group's internal resources, capital control, risk control, financial control and organizational control of the "five" control, the group within the various units to implement classification management, classification reform, classification responsibility, classification assessment, the establishment of efficient operating mechanism, rapid market response Mechanism, linkage of the coordination mechanism, effective incentive mechanism and strict supervision and restraint mechanisms, and actively build "system management, process management" of the modern process enterprises.

Seven is the innovation of corporate culture. To "sound, innovation, harmony, development" as the core culture, "Huaying Chengxiu, Rongzhi Zhiyuan" for the brand concept, the formation of "hard to be paid, the reward should be commended, the results should be affirmed," Thanksgiving culture and " Dare to the world first, love to fight will win "" Poly is a fire, scattered is the stars, spark fire prairie fire, illuminate Huarong "China Huarong" essence of God. "

Eight is the construction of innovation team. The implementation of "talent strong Secretary" strategy, increase the introduction and training "highly educated, high-quality, comprehensive, innovative, hard, expert, international" "seven" talent, to create a "loyalty, clean The team of executives, the executive team, and the executive team who wants to be a secretary, a secretary, a secretary, a business officer, and an accident, and strive to enhance the sense of dignity, pride, sense of accomplishment and sense of accomplishment.

Summed up the past, with remarkable results; look to the future, long way to go. During the period of "13th Five-Year Plan", China Huarong will strive to create a first-class asset management company with "scientific management, controlled order, outstanding main business, comprehensive management and excellent performance", and sustainable development for the country, society, shareholders, customers and employees. Growth value, for the real economic development, supply side of the structural reform to contribute more power!

This article from: "People's Daily"