Huarong company restructuring will be completed this year

 China Economic Net (Reporter Zhao Gap), president of China Huarong Asset Management Corporation Lai Xiaomin, said recently that this year, Huarong task of restructuring the company will be completed, and steadily promote sound and rapid development of science.

2011 years is speed up the restructuring of the key transition year, Huarong the work will focus on To increase the transition, to achieve the restructuring objectives, and further consolidate the operating results, and stronger asset management business, the financial intermediary business and finance of investment and financing business and the business license three main subsidiaries, prevention and control of business risks, and improve core competitiveness , and strive to reach 3.9 billion operating income, net profit of 2.16 billion yuan to ensure that strive to net profit of 2.38 billion yuan, the income rate does not exceed 45% of the cost of non-performing asset ratio less than 1%, no major violation of discipline and operational risk.

Lai Xiaomin, said the remarkable results achieved in 2010 for the next step in the transformation of China Huarong reform has laid a solid foundation for further, creating a favorable external conditions.

as China Huarong do not only affect the brand, gained business development opportunities, and highlights China Huarong Explore the establishment of large customers with a City, and other provincial and municipal governments, as well as building materials in China, Hainan Airlines Group, Bank of China International, SinoPac of Taiwan and other large enterprises and financial institutions to carry out strategic cooperation. 2010, 75 new strategic customers, a total of 138 customers and signed a strategic cooperation agreement. The contribution of large customers significantly improve the income, the total income of 1.003 billion yuan for the Office of the contributions, 63.12 percent of total revenue.

to give full play to traditional business advantage, China Huarong Asset Management actively return to the main industry, the results significantly, asset management, business scope and product innovation, asset management, a substantial proportion of business income rise, China Huarong has become a new profit growth point. Especially the commercial acquisition of a substantial increase in assets, representing an increase of 149%.

management level has been greatly improved, Two Wings coordinated development of the business continue to show effects of combination punches. Since last year, China Huarong to strengthen the Business offices and subsidiaries active in docking, the premise of innovation and risk-controlled partnership and financial products,