China Orient Asset Management


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, one for the management of the shares that converted from non-performing loans, which was classified as assets under management.
In 2016 the corporation was re-incorporated as a "company limited by shares" : China Orient Asset Management Co., Ltd. from China Orient Asset Management Corporation. The National Social Security Fund and Ministry of Finance of the [People's Republic of China|the Ministry of Finance] were the shareholders. According to the company's news press, as of 30 June 2016 its net assets stood at. The former non-performing assets under management were converted to share capital, raising from to.

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

Subsidiaries

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Portfolio companies

Former portfolio companies