CHINA CITIC FINANCIAL ASSET MANAGEMENT CO., LTD.

China CITIC Financial Asset Management Co., Ltd.

Equities

2799

CNE100002367

Investment Management & Fund Operators

Delayed Hong Kong S.E. Other stock markets 10:57:51 2024-06-10 pm EDT			5-day change	1st Jan Change
0.38 ^HKD	-1.30%		0.00%	-5.00%

May. 31	CITIC Financial Trust Scheme Grants 480 Million Yuan to Suning's Retail Cloud Arm	MT
May. 29	Nanjing Suningjia Electronic Commerce Co., Ltd. announced that it has received CNY 480 million in funding from China CITIC Financial Asset Management Co., Ltd.	CI

China Shipbuilding Industry Group Power Co., Ltd. announced that it has received CNY 1.5 billion in funding from China Huarong Asset Management Co., Ltd.

August 24, 2020

On August 25, 2020, China Shipbuilding Industry Group Power Co., Ltd. (SHSE:600482) closed the transaction. The transaction included participation from China Huarong Asset Management Co., Ltd. (SEHK:2799). The company has received CNY 1,484,120,000 as net proceeds in the transaction.

Latest news about China CITIC Financial Asset Management Co., Ltd.

CITIC Financial Trust Scheme Grants 480 Million Yuan to Suning's Retail Cloud Arm	May. 31	MT
Nanjing Suningjia Electronic Commerce Co., Ltd. announced that it has received CNY 480 million in funding from China CITIC Financial Asset Management Co., Ltd.	May. 28	CI
China CITIC Financial to Transfer 60% Stake in Huarong Financial Leasing	May. 28	MT
Former China Huarong International executive sentenced to death for bribery	May. 28	RE
CITIC Group Corporation agreed to acquire 60% stake in China Huarong Financial Leasing Co., Ltd. from China CITIC Financial Asset Management Co., Ltd. for CNY12 billion.	May. 27	CI
Cinda International Buys Huarong Bonds Worth HK$22.9 Million	Apr. 16	MT
CITIC Financial Asset Management Swings to Profit in 2023	Mar. 31	MT
China CITIC Financial Asset Management Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 28	CI
Ningbo Junhe Tongxiang Enterprise Management Partnership Enterprise (L.P.), China Huarong Asset Management Co., Ltd., Taian Qianxing Equity Investment Fund Partnership Enterprise (L.P.) and Nanjing Hehegu Enterprise Management Partnership Enterprise (L.P.) completed the acquisition of 3.3% stake in Shanghai Laofengxiang Co., Ltd. from Yangdi Fusion Arts and Crafts Equity Investment Center.	Mar. 22	CI
China Shun Ke Long's Indirect Controlling Shareholder to Sell Shares For Nearly 2 Billion Yuan; Shares Up 4%	Mar. 18	MT
China CITIC Financial Asset Management Co., Ltd. completed the acquisition of 7.93% stake in Sichuan Hexie Shuangma Co., Ltd. from Tianjin Saikehuan Enterprise Management Center (Limited Partnership).	Mar. 14	CI
China Citic Financial Asset Management Co., Ltd. Announces Resignation of Hu Jianzhong as Chairman of the Board of Supervisors and the Shareholder Representative Supervisor	Feb. 23	CI
China CITIC Financial Asset Management Co., Ltd. agreed to acquire 7.93% stake in Sichuan Hexie Shuangma Co., Ltd. from Tianjin Saikehuan Enterprise Management Center (Limited Partnership)for approximately CNY 890 million.	Feb. 01	CI
China Huarong Asset Management Changes Name	Jan. 26	MT
China Huarong Asset Management Co., Ltd. has Changed its Name to China CITIC Financial Asset Management Co., Ltd	Jan. 25	CI
Huarong Expects Return to Profit in 2023; Shares Jump 3%	Jan. 23	MT
China Huarong Asset Management Co., Ltd. Provides Earning Guidance for the Year 2023	Jan. 22	CI
Peking University Resources Mulls Appeal Against Court Ruling in Yingfeng Property Case	Jan. 11	MT
China Huarong Shareholders to Vote on Mega Investment Plan on Jan. 26	Jan. 09	MT
China Huarong Asset Management Co., Ltd. Announces Resignation of Non-Executive Directorate Changes	Jan. 08	CI
Huarong Completes 5.01% Stake Sale in CITIC	Dec. 26	MT
China Huarong Asset Management Co., Ltd. completed the acquisition of 5.01% stake in CITIC Limited from CITIC Polaris Limited.	Dec. 21	CI
China Huarong Asset Management Co., Ltd. completed the acquisition of 5.78% stake in China Merchants Expressway Network & Technology Holdings Co.,Ltd. from Chongqing Sino-Sin No. 1 Equity Investment Center (Limited Partnership), managed by Sino-Singapore Connectivity Private Equity Fund Management Co., Ltd.	Dec. 20	CI
Ningbo Junhe Tongxiang Enterprise Management Partnership Enterprise (L.P.), China Huarong Asset Management Co., Ltd., Taian Qianxing Equity Investment Fund Partnership Enterprise (L.P.) and Nanjing Hehegu Enterprise Management Partnership Enterprise (L.P.) agreed to acquire 3.3% stake in Shanghai Laofengxiang Co., Ltd. from Yangdi Fusion Arts and Crafts Equity Investment Center for CNY 690 million.	Nov. 29	CI
China Huarong Asset Management Proposes Company Name Change	Nov. 28	MT

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Company Profile

China CITIC Financial Asset Management Co Ltd, formerly China Huarong Asset Management Co Ltd, is a China-based company mainly engaged in asset management business. The Company operates through three segments. Distressed Asset Management Operations segment is engaged in distressed asset management, debt equity swap asset management, the management of non-performing assets carried out by subsidiaries distressed asset management business conducted by its subsidiaries, distressed asset-based special situations investments business and distressed asset-based property development business. Financial Services segment is mainly engaged in financial leasing business. Asset Management and Investment Operations segment is mainly engaged in private equity funds business, financial investments business, international business, and other businesses.

Sector

Investment Management & Fund Operators

Calendar

2024-08-26 - Q2 2024 Earnings Release (Projected)

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Ratings for China CITIC Financial Asset Management Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

0.3571 CNY

Average target price

0.332 CNY

Spread / Average Target

-7.04%

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Annual profits - Rate of surprise

Company calendar

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