The business scope of China Huarong Asset Management Co., Ltd. is: purchasing, entrusted to operate non-performing assets of financial institutions and non-financial institutions, managing, investing and disposing of non-performing assets; Converting creditor's rights into equity and managing equity assets.

The development of China Huarong assets;

A few days ago, the equity of China Huarong changed, and the Ministry of Finance increased its capital to CITIC Group with part of the equity of China Huarong. After the completion of the capital increase, CITIC Group's shareholding in China Huarong will further increase to 26.46%, becoming the largest shareholder of China Huarong and obtaining AMC license. In the past three years, China Huarong has continued to promote risk reduction and slimming, and accelerated the transformation of its main business, laying a solid foundation for the development of "New Huarong".