The registered capital of the company is 25.835 billion yuan, which is controlled by the Ministry of Finance, with a shareholding ratio of 98.06%. China Life Insurance (Group) Co., Ltd. holds 1.94%. Lai, chairman of China Huarong, said at the inaugural meeting that after the reorganization, China Huarong will steadily push forward the work of increasing capital and shares, introduce outstanding strategic investors at home and abroad in a timely manner, complete the IPO in a timely manner, and realize the overall public listing at home and abroad.
At present, China Huarong Asset Management Co., Ltd. has formed a modern corporate governance structure consisting of shareholders' meeting, board of directors, board of supervisors and management. According to the requirements of the State Council and the Ministry of Finance, China Huarong will continue to do a good job in the management and disposal of non-performing assets, focus on the development of banking-related businesses, and strive to build a market-oriented, professional and diversified modern financial service system.