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 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.
WWW Official Site

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

*

Portfolio companies

Former portfolio companies