China Orient Asset Management

China Orient Asset Management Co., Ltd. is a Chinese state-owned enterprise. 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.

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 (COAMC, ). the National Social Security Fund and the Ministry of Finance were the shareholders. According to the company's news press, as at 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.

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

 * Doho Data Consulting Company
 * Dong Yin Development (Holdings) (100%)
 * Wise Leader Assets (100%)
 * China Orient Asset Management (International) Holding (, 100%)
 * China Orient Ruichen Capital (, 40%)
 * China Orient Summit Capital International (, 40%)
 * China Orient Summit Capital Special Situations Fund (100%)
 * Charming Light Investments (SPV for dim sum bond sehk: 85723)
 * Bangxin Asset Management (100%)
 * Bank of Dalian (39.70%)
 * China United Insurance Holding (51.01%)
 * Dongxing Securities (58.09%, sse: 601198)
 * (a Credit rating service provider)

Portfolio companies

 * Baiyin Nonferrous (0.63%)
 * Dongbei Special Steel (16.6740%)
 * Meishan Iron and Steel (7.02%)
 * Shandong Jining Ruyi Woolen Textile (12.24%, szse: 002193)
 * Shanghai Zendai Property (via COS Greater China Special Situations Fund for 18.17%, sehk: 00755)
 * Tianjin Pipe Corporation (3.03%)
 * Xishan Coal Electricity Group (5.67%)

Former portfolio companies

 * China Kejian Co., Ltd. (szse: 000035)
 * Dongfeng Motor Group (2001–2004)
 * Rising Nonferrous Metals (sse: 600259)