China Orient Asset Management
Formerly called | China Orient Asset Management Corporation |
|---|---|
| state-owned enterprise | |
| Industry | Financial services |
| Founded | 1999 |
| Headquarters | Beijing, China |
Area served | China |
| Services | |
| Revenue |
 CN¥12.7 billion (2012) |
|
CN¥4.0 billion (2012) | |
| Profit |
CN¥3.8 billion (2012) |
| Total assets |
CN¥193.0 billion (2012) |
| Total equity |
CN¥18.4 billion (2012) |
| Owner | |
| Parent | Ministry of Finance of China |
| Website | coamc.com.cn |
|
Footnotes / references in a consolidated basis, commercial sector only[1] | |
| China Orient Asset Management Co., Ltd. | |||||||
| Simplified Chinese | 中国东方资产管理股份有限公司 | ||||||
|---|---|---|---|---|---|---|---|
| Traditional Chinese | 中國東方資產管理股份有限公司 | ||||||
| |||||||
| Alternative Chinese name | |||||||
| Simplified Chinese | 东方资产 | ||||||
| Traditional Chinese | 東方資產 | ||||||
| Literal meaning | Orient Asset | ||||||
| |||||||
China Orient Asset Management Co., Ltd. is a Chinese state-owned enterprise. The company is an asset management company and a merchant bank originated as a bad bank for Bank of China. The bank received shares from debt-to-equity swap of non-performing loans.
The corporation runs in two major business units since 2006, one for general commercial activities (Chinese: 商业化业务), one for the management of the shares that converted from non-performing loans (Chinese: 政策性不良资产处置业务), which was classified as assets under management.[1]
In 2016 the corporation was re-incorporated as a "company limited by shares" (Chinese: 股份有限公司): China Orient Asset Management Co., Ltd. (Chinese: 中国东方资产管理股份有限公司) from China Orient Asset Management Corporation (COAMC, Chinese: 中国东方资产管理公司).[2] the National Social Security Fund and the Ministry of Finance were the shareholders. According to the company's news press, as at 30 June 2016 its net assets stood at CN¥55.6 billion. The former non-performing assets under management were converted to share capital, raising from CN¥10 billion to CN¥55.363 billion. [3]
History
Founded as a bad bank of Bank of China, Orient Asset also received Bank of China's asset management subsidiary Bangxin Asset Management in 2000, which itself was incorporated in 1994 as a subsidiary of BoC Shenzhen branch.[4]
Subsidiaries
- Dong Yin Development (Holdings) (100%)[5]
- Charming Light Investments (SPV for dim sum bond SEHK: 85723)[7]
- Bangxin Asset Management (100%)
- Bank of Dalian (39.70%)
- China United Insurance Holding (51.01%)[8]
- Dongxing Securities (58.09%, SSE: 601198)[9]
Portfolio companies
- Baiyin Nonferrous (0.63%)
- Dongbei Special Steel (16.6740%)[10]
- Meishan Iron and Steel (7.02%)[11]
- Shandong Jining Ruyi Woolen Textile (12.24%, SZSE: 002193)[12]
- Shanghai Zendai Property (via COS Greater China Special Situations Fund for 18.17%, SEHK: 00755)[5]
- Tianjin Pipe Corporation (3.03%)[13]
- Xishan Coal Electricity Group (5.67%)[14]
Former portfolio companies
- China Kejian Co., Ltd. (SZSE: 000035)[15]
- Dongfeng Motor Group (2001–2004)[16]
- Rising Nonferrous Metals (SSE: 600259)[17][18]
References
- 1 2 "2012 Annual Report". China Orient Asset Management. archive of Shanghai Clearing House. 20 May 2013. Retrieved 13 October 2016.
- ↑ "中国东方资产管理股份有限公司成立" [The establishment of China Orient Asset Management Co. Ltd.] (in Chinese). chinanews.com. 30 August 2016. Retrieved 13 October 2016.
- ↑ "中国东方资产管理股份有限公司创立大会在京召开" [Establishment meeting of China Orient Asset Management Co., Ltd. was held in Beijing] (in Chinese). China Orient Asset Management. 30 August 2016. Retrieved 13 October 2016.
- ↑ "邦信资产管理有限公司简介" [About us] (in Chinese). Bangxin Asset Management. Retrieved 9 January 2017.
- 1 2 3 4 5 6 "2015 Annual Report" (PDF). Shanghai Zendai Property. archive of Hong Kong Stock Exchange. 29 April 2016. Retrieved 13 October 2016.
- ↑ "ANNOUNCEMENT PURSUANT TO RULE 3.7 OF THE TAKEOVERS CODE AND RULE 13.09 OF THE LISTING RULES AND INSIDE INFORMATION PROVISIONS UNDER PART XIVA OF THE SECURITIES AND FUTURES ORDINANCE AND RESUMPTION OF TRADING" (PDF). Shanghai Zendai Property. 24 December 2015. Retrieved 17 October 2016.
- ↑ "NOTICE OF LISTING ON THE STOCK EXCHANGE OF HONG KONG LIMITED: Charming Light Investments Ltd." (PDF). Charming Light Investments. archive of Hong Kong Stock Exchange. 29 December 2015. Retrieved 13 October 2016.
- ↑ "ACQUISITION OF 13.06% EQUITY INTERESTS IN CHINA UNITED INSURANCE" (PDF). CRRC Corporation. 8 January 2016. Retrieved 13 October 2016.
- ↑ "2015 Annual Report" (PDF). Dongxing Securities (in Chinese). archive of Shanghai Stock Exchange. 5 March 2016. Retrieved 13 October 2016.
- ↑ "2014 Annual Report". Dongbei Special Steel Group Co., Ltd. (in Chinese). archive of Shanghai Clearing House. 30 April 2015. Retrieved 29 September 2016.
- ↑ "上海梅山钢铁股份有限公司2014年度报告" [2014 Annual Report]. Shanghai Meishan Iron and Steel Co., Ltd. (in Chinese). archive of Shanghai Clearing House. 30 April 2015. Retrieved 6 October 2016.
- ↑ http://www.cninfo.com.cn/finalpage/2016-08-16/1202566336.PDF
- ↑ "2015 Annual Report". Tianjin Pipe (in Chinese). Shanghai Clearing House. 9 May 2016. Retrieved 15 October 2016.
- ↑ "西山煤电(集团)有限公司2015年度财务等重大信息公开内容" (PDF) (in Chinese). Xishan Coal Electricity Group. 30 June 2016. Retrieved 3 November 2016.
- ↑ "简式权益变动报告书" [Announcement on change in major shareholder] (PDF). China Kejian Co., Ltd. (in Chinese). archive of Shenzhen Stock Exchange. 9 August 2013. Retrieved 13 October 2016.
- ↑ http://www.dfmg.com.cn/EN/report/DFG_2014_Anual_Report.pdf
- ↑ http://www.cninfo.com.cn/finalpage/2016-06-02/1202351719.PDF
- ↑ http://www.cninfo.com.cn/finalpage/2016-06-29/1202433164.PDF