What China CITIC Financial Asset Management Does & How It Makes Money (2799.HK)

Updated October 2026 · reflects China CITIC Financial Asset Management's latest reported financials

Chinese state-backed manager of distressed and non-performing financial assets. It earns returns by buying distressed assets at a discount and recovering more through restructuring, debt-to-equity swaps or disposal.

How China CITIC Financial Asset Management makes money

It earns returns by buying distressed assets at a discount and recovering more through restructuring, debt-to-equity swaps or disposal. It also earns investment income, financing interest and fees from advisory, custody, liquidation and evaluation services.

What China CITIC Financial Asset Management does

China CITIC Financial Asset Management, formerly China Huarong Asset Management, was founded in 1999 and is based in Beijing. It is one of China's financial asset management companies, which specialize in handling distressed assets. Its main business is acquiring, managing and disposing of troubled assets from both financial and non-financial institutions, including through debt-to-equity swaps and restructuring deals. The company reports two segments: Distressed Asset Management, and Asset Management and Investment. Beyond its core bad-debt work, it invests, deals in securities, issues financial bonds, lends to and borrows from other financial institutions, and offers bankruptcy management, securitization, custody, liquidation, evaluation and advisory services. It took the CITIC Financial name in January 2024.

Products & services

• Distressed asset acquisition and disposal
• Debt-to-equity swaps
• Asset restructuring and revitalization
• Bankruptcy management and liquidation
• Asset securitization
• Financial advisory and asset evaluation

What is China CITIC Financial Asset Management worth?

Related companies

CITIC Securities (600030.SS) · Hainan Haide Capital Management (000567.SZ)