Are the four state-owned asset management companies in China financial institutions?

Yes The four major state-owned asset management companies include China Huarong Asset Management Company, China Great Wall Asset Management Company, China Cinda Asset Management Company and China Oriental Asset Management Company, among which China Huarong Asset Management Company, China Great Wall Asset Management Company and China Oriental Asset Management Company are all central financial enterprises, China Cinda Asset Management Company is a non-bank financial institution, and the four major state-owned asset management companies in China are financial institutions. A financial institution refers to an institution engaged in financial business under the supervision and management of the financial management department of the State Council. The industries covered are banking, securities and insurance.