China Orient Asset Management Co., Ltd(zhong guo dong fang zi chan guan li gu fen you xian gong si )

China Orient Asset Management Co., Ltd

China Oriental Asset Management Co., Ltd. (hereinafter referred to as China Oriental) is a central financial enterprise jointly established by the Ministry of Finance and the National Council of social security fund. China Eastern, formerly known as China Eastern asset management company, was established in October 1999 and restructured into a joint stock limited company in 2016. Since its establishment, China Eastern has always taken "preserving state-owned assets, defusing financial risks, and promoting the reform of state-owned enterprises" as its mission, took legal and compliance operation as its lifeline, managed and disposed of nearly two trillion yuan of various non-performing assets, and made positive contributions to the stability of the national financial system.

By the end of 2019, China Eastern Group has consolidated total assets of more than 1.1 trillion yuan, and has 26 branches in central cities in China, covering asset management, insurance, banking, securities, trust, credit rating and overseas business. It has 12 first-class subsidiaries including China United Insurance Group Co., Ltd., Bank of Dalian Co., Ltd. and Dongxing Securities Co., Ltd.

development history

Policy business stage

On October 15, 1999, China Eastern asset management company was officially established in Beijing. The State Council appointed Sun Changji as the president of the company.

On October 25, 1999, China Eastern Asset Management Corporation and Jiangxi Phoenix Optical Instrument Co., Ltd. formally signed the framework agreement of debt to equity swap in Beijing, which is the first framework agreement signed by Oriental Asset Management Corporation and debt to equity swap enterprises.

On October 28, 1999, China Eastern Asset Management Corporation, China Development Bank, Xinda Asset Management Corporation, Huarong Asset Management Corporation and Zhejiang chemical fiber United Group Co., Ltd. jointly signed a debt to equity swap agreement in Beijing, led by China Eastern asset management corporation. This is the first time that many creditors and enterprises have jointly signed a debt to equity swap agreement.

On December 22, 2000, Shaoxing silk weaving factory Co., Ltd., the first debt to equity swap enterprise organized and implemented by China Eastern asset management company, was officially established.

In September 2001, with the approval of the State Council, the Ministry of personnel of the people's Republic of China decided to appoint Mr. Bai Shizhen as the president of China Eastern asset management company.

On September 21, 2001, China Eastern Asset Management Corporation and Shenzhen Foreign Trade Group Co., Ltd. signed a debt to equity swap agreement, marking the birth of the first debt to equity swap enterprise in the national business system.

On October 18, 2004, China Securities Regulatory Commission decided to entrust Oriental Asset Management Company to operate Minfa Securities Co., Ltd.

On May 10, 2005, the Party committee of CBRC appointed Mr. Mei Xingbao as Deputy Secretary of the Party committee and President of Oriental asset management company.

On October 18, 2006, Orient Asset Management Co., Ltd. formally established the Pan Asia trust business suspension rectification working group and settled in Pan Asia Trust Investment Co., Ltd.

On November 21, 2006, China Banking Regulatory Commission (CBRC) agreed that Dongfang asset management company (FAMC) would be the initiator to carry out the pilot project of Dongyuan 2006-1 restructuring asset securitization, which is the first time to issue non-performing asset securitization products in China.

Commercial business transformation stage

On November 6, 2007, China Banking Regulatory Commission entrusted Dongfang asset management company to undertake the cancellation and liquidation of China Science and Technology International Trust and Investment Co., Ltd.

On November 26, 2007, Dongfang asset management company led Shandong Ruyi, a debt to equity swap enterprise, to be listed successfully, which is the first listing of Dongfang asset management company as the substantial controller.

On December 27, 2007, the restructuring plan of China foreign trade financial leasing company was approved by CBRC. Financial leasing is another financial field that Dongfang asset management company entered after securities.

On May 12, 2008, Dongxing Securities Co., Ltd. was approved by the CSRC to open its business.

On May 4, 2010, the Party committee of CBRC appointed Comrade Zhang ziai as Deputy Secretary of the Party committee and President of China Eastern asset management company.

On March 8, 2011, Daye Trust Co., Ltd., a subsidiary of Oriental asset management company, was approved by CBRC to re register Guangzhou Science and Technology Trust and investment company and change its name to Daye Trust Co., Ltd.

On November 21, 2012, Orient Asset Management Co., Ltd. obtained approval from CIRC for holding China United Insurance Holding Co., Ltd.

On September 13, 2013, Orient International successfully issued US $600 million bonds, which is the first overseas issuance of US $bonds by the four major asset management companies. Fitch and S & P gave credit rating results of "a -" and "BBB +".

On January 15, 2014, Orient International successfully priced its 3-year dim sum bonds of RMB 2.5 billion overseas, and Orient Asset became the first of the four major asset management companies in China to issue us dollar and RMB bonds overseas.

On April 4, 2014, the Party committee of CBRC appointed Comrade Wu Yue as the Secretary of the Committee of China Eastern asset management company.

On April 22, 2014, Dongfang asset successfully issued "Dongyuan 2014 phase I credit asset-backed securities" in the inter-bank bond market, marking that Dongfang asset has become the only asset management company to carry out the securitization of non-performing assets and normal credit assets.

On December 28, 2014, Dongfang assets, Shanghai Lujiazui financial development company, Shanghai Waigaoqiao and China Cinda jointly initiated the establishment of "Shanghai Free Trade Zone equity investment fund". The fund is China's first equity investment fund focusing on the pilot free trade zone and internal and external linkage.

On February 26, 2015, Dongxing securities issued 500 million RMB ordinary shares (A shares) for the first time, and was listed on Shanghai Stock Exchange, becoming the first asset management company in China as a listed securities company.

On July 24, 2015, Dongfang assets and Anzhen Hospital signed a franchise agreement. The two sides plan to jointly build and operate anzhen International Hospital in Dongba District, Chaoyang, Beijing, to become the first public hospital to cooperate with social capital in the franchise mode.

On December 23, 2015, the plan of Dongfang asset investment holding bank of Dalian Co., Ltd. was approved by the Ministry of finance, and Dongfang asset holding 50.29% of the shares of Bank of Dalian was approved as the controlling shareholder; on December 30, the plan of Dongfang asset increasing the capital of Bank of Dalian was approved by Dalian banking regulatory bureau.

On August 30, 2016, the founding meeting of China Eastern Asset Management Co., Ltd. was held in Beijing, with a registered capital of 55.363 billion yuan, which was jointly initiated by the Ministry of Finance and the National Council of social security funds.

The stage of stock reform

On October 16, 2016, China Eastern Asset Management Co., Ltd. held its inaugural meeting in Beijing.

On February 23, 2017, Ningbo Financial Asset Management Co., Ltd., which was led and participated by China Eastern, completed the industrial and commercial registration and was officially established, marking a substantial breakthrough in the construction of China Eastern's regional non-performing asset business platform.

On December 26, 2017, four strategic investors, including the National Council of social security fund, China Telecom Group Co., Ltd., Guoxin Capital Co., Ltd., and Shanghai Electric Group Co., Ltd., signed the corresponding transaction documents with China Eastern after being deliberated and approved by the fourth extraordinary general meeting of shareholders of China Eastern in 2017. So far, China Eastern has completed a key step in initiating the war, laying a solid foundation for the future listing and reform and development. On February 23, 2018, China Eastern received the approval of China Banking Regulatory Commission on matters related to the introduction of strategic investors to China Eastern Asset Management Co., Ltd. (yinjianfu [2018] No. 52), and agreed that the National Council of social security funds will increase the number of strategic investors Holding China Oriental shares, and introducing China Telecom Group Co., Ltd., Guoxin Capital Co., Ltd. and Shanghai Electric Group Co., Ltd. as new strategic investors.

On April 28, 2018, the Party committee of CIRC appointed Deng Zhiyi as the Deputy Secretary of the Party committee of China Eastern Asset Management Co., Ltd.; on August 10, 2018, Deng Zhiyi was appointed as the executive director of China Eastern Asset Management Co., Ltd. Mr. Deng Zhiyi has been appointed as the president of China Eastern Asset Management Co., Ltd. after being deliberated and approved by the 15th meeting of the first board of directors of China Eastern Asset Management Co., Ltd. and approved by the China Banking and Insurance Regulatory Commission.

On June 27, 2018, through the "total to total" cooperation, China Eastern successfully acquired the non-performing asset package project of industrial bank with a consideration of 23.973 billion yuan, which is the largest non-performing asset package project of China Eastern in terms of single acquisition principal scale and investment amount in recent years.

On July 5, 2018, during the 2018 China AMC strategic cooperation summit forum, China Oriental, as the sponsor, organized and held the preparatory meeting for the forum of 50 people for China AMC development in Beijing.

On October 24, 2018, the Party committee of CIRC appointed Hu Jianzhong as Deputy Secretary of the Party committee of China Eastern Asset Management Co., Ltd. On December 27, Mr. Hu Jianzhong was appointed as the shareholder representative supervisor of China Eastern Asset Management Co., Ltd. Elected by the 13th meeting of the first board of supervisors of China Eastern Asset Management Co., Ltd. and approved by the China Banking and Insurance Regulatory Commission, Hu Jianzhong was appointed as the chairman of the board of supervisors of China Eastern Asset Management Co., Ltd.

On January 11, 2019, the signing ceremony of strategic cooperation and market-oriented debt to equity swap project between China Eastern and China gold was held in Beijing. The project is the first to lock in the implementation price of equity conversion in advance, which will effectively promote the optimization of financial structure and reduce leverage.

Chinese PinYin : Zhong Guo Dong Fang Zi Chan Guan Li Gu Fen You Xian Gong Si