China Orient Asset Management

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Not to be confused with Orient Group or Orient Securities.
China Orient Asset Management
中国东方资产管理股份有限公司
FormerlyChina Orient Asset Management Corporation
Company typestate-owned enterprise
IndustryFinancial services
Founded1999; 27 years ago (1999)
Headquarters
Beijing
,
China
Area served
China
Services
RevenueIncrease CN¥12.7 billion (2012)
Increase CN¥4.0 billion (2012)
Increase CN¥12.35 billion (2017)
Total assetsIncrease CN¥979.22 billion (2017)
Total equityIncrease CN¥18.4 billion (2012)
Owner
ParentMinistry of Finance of China
Websitecoamc.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
Transcriptions
Standard Mandarin
Hanyu PinyinZhōngguó Dōngfāng zīchǎn guǎnlǐ gǔfèn yǒuxiàn gōngsī
Alternative Chinese name
Simplified Chinese东方资产
Traditional Chinese東方資產
Literal meaningOrient Asset
Transcriptions
Standard Mandarin
Hanyu PinyinDōngfāng zīchǎn

China Orient Asset Management Co., Ltd. is a Chinese distressed asset management company headquartered in Beijing. The company is an asset management company and a merchant bank originated as a bad bank for the Bank of China. The bank received shares from debt-to-equity swap of non-performing loans. It is a state-owned enterprise.

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 of 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

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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]

In 2015 the group expanded as a full service financial conglomerate by acquiring the Bank of Dalian.[5]

Subsidiaries

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  • Doho Data Consulting Company
  • Dong Yin Development (Holdings) (100%)[6]
    • Wise Leader Assets (100%)[6]
    • China Orient Asset Management (International) Holding (Chinese: 中国东方资产管理(国际)控股有限公司, 100%)[6]
      • China Orient Ruichen Capital (Chinese: 东方瑞宸基金管理有限公司, 40%)[7]
      • China Orient Summit Capital International (Chinese: 东方藏山资产管理有限公司, 40%)[6]
        • China Orient Summit Capital Special Situations Fund (100%)[6][8]
  • Charming Light Investments (SPV for dim sum bond SEHK: 85723)[9]
  • Bangxin Asset Management (100%)
  • Bank of Dalian (39.70%)
  • China United Insurance Holding (51.01%)[10]
  • Dongxing Securities (58.09%, SSE: 601198)[11]
  • Chinese: 东方金诚 (a Credit rating service provider)

Portfolio companies

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Former portfolio companies

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References

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