Is Guohou Assets a state-owned enterprise?

Guohou assets are not state-owned enterprises. Guohou Assets was established on April 29th, 20 14, and its share restructuring was completed on March 5th, 20 18. Approved by the State Administration for Industry and Commerce, it was officially renamed as Guohou Financial Asset Management Co., Ltd. with a registered capital of 2.5 billion yuan.

Guohou Financial Assets Management Co., Ltd. is a local enterprise approved by the Anhui Provincial People's Government. It is the first batch of provincial financial asset management companies in China with the qualification to purchase and dispose of financial non-performing assets in bulk.

Major shareholders of Guohou Financial Asset Management Co., Ltd.: Anhui Boya Investment Co., Ltd., Hangzhou Wenxin Fuxing Equity Investment Fund Partnership, Shenzhen Langrun Co., Ltd., Shanghai Dongxing Investment Holding Development Co., Ltd., Tibet Ding Peng Enterprise Management Partnership, Wuhu Hou Trading Co., Ltd., etc.

Guohou Financial Asset Management Co., Ltd. is not a state-owned enterprise or a subsidiary of a state-owned enterprise, so it is not a state-owned enterprise. The foreign investment of Guohou Financial Asset Management Co., Ltd. is not only for local governments, but also for small and medium-sized enterprises.

Business scope of Guohou Financial Asset Management Co., Ltd.: Acquisition and management of various forms of non-performing assets such as creditor's rights, equity, movable property and real estate through debt recovery, debt restructuring, debt-to-equity swap, enterprise restructuring and asset securitization.