Is Orient Asset Management Corporation a central enterprise or a state-owned enterprise?

Orient Asset Management Corporation is a central enterprise. At present, the company is mainly engaged in the acquisition, management and disposal of non-performing assets of financial institutions, and has made a transition to managing non-performing assets and developing other financial businesses. The company has 25 offices and 1 sales department in 26 central cities across the country, which are responsible for asset management, operation and disposal in the areas under its jurisdiction. The company has four directly affiliated companies, namely Dongyin Development (Holdings) Co., Ltd., Shanghai Dongxing Investment Holdings Development Co., Ltd., Bangxin Asset Management Co., Ltd. and Oriental Hotel Holdings Co., Ltd., as well as other financial service platforms such as Dongxing Securities Co., Ltd., China Foreign Trade Finance Leasing Co., Ltd. and Oriental Jincheng International Credit Rating Co., Ltd.

Since its establishment, the company has always taken the mission of preserving state-owned assets to the maximum extent, preventing and resolving financial risks, and promoting the reform of state-owned enterprises, and has played an active role in the management and disposal of non-performing assets, debt-to-equity swaps, and trusteeship of risk financial institutions. Through the acceptance of non-performing loans and commercial acquisition, it strongly supported the restructuring of China Bank, China Construction Bank and China Industrial and Commercial Bank. Through the conversion of creditor's rights into equity, the financial burden of hundreds of state-owned enterprises has been reduced and the state-owned enterprises have turned losses into profits; Through the disposal of creditor's rights, the cash withdrawal index issued by the state over the years has been successfully completed, and the cash withdrawal cost of 100 yuan is lower than the index approved by the Ministry of Finance, thus maximizing the recovery and minimizing the cost.