About China Huarong Asset Management
China Huarong Asset Management is a company based in Beijing (China) founded in 1999.. The company has 5,070 employees as of December 31, 2024. China Huarong Asset Management operates in a competitive market with competitors including Investec, FNZ, Bank of America, S&P Global and Goldman Sachs, among others.
- Headquarter Beijing, China
- Employees 5070 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name China Citic Financial Asset Management Co., Ltd. Class H
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Annual Revenue
$4.37 B (USD)-4.18as on Dec 31, 2024
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Net Profit
$1.32 B (USD)426.58as on Dec 31, 2024
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EBITDA
$3.09 B (USD)-0.94as on Dec 31, 2024
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Latest Funding Round
$453 M (USD), Debt – Conventional
Apr 27, 2021
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Investors
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Employee Count
5070
as on Dec 31, 2024
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IPO & Listings of China Huarong Asset Management
China Huarong Asset Management is a publicly listed company on the HKEX with ticker symbol 2799 in Hong Kong, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Funding Insights of China Huarong Asset Management
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $453.0M
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First Round
First Round
(27 Apr 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Debt – Conventional - China Huarong Asset Management | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by China Huarong Asset Management
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - China Huarong Asset Management
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
China Huarong Asset Management Comparisons
Competitors of China Huarong Asset Management
China Huarong Asset Management operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Investec, FNZ, Bank of America, S&P Global and Goldman Sachs, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Wealth management solutions are delivered for asset managers.
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| domain | founded_year | HQ Location |
Commercial banking and asset management services are offered worldwide.
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| domain | founded_year | HQ Location |
Platform offering business intelligence solutions that combine data and actionable analytics for clients
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| domain | founded_year | HQ Location |
Investment banking services are delivered across multiple financial sectors.
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| domain | founded_year | HQ Location |
Software suites for banks and financial institutions are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on China Huarong Asset Management
Frequently Asked Questions about China Huarong Asset Management
When was China Huarong Asset Management founded?
China Huarong Asset Management was founded in 1999 and raised its 1st funding round 22 years after it was founded.
Where is China Huarong Asset Management located?
China Huarong Asset Management is headquartered in Beijing, China.
How many employees does China Huarong Asset Management have?
As of Dec 31, 2024, the latest employee count at China Huarong Asset Management is 5,070.
What is the annual revenue of China Huarong Asset Management?
Annual revenue of China Huarong Asset Management is $4.37B as on Dec 31, 2024.
What does China Huarong Asset Management do?
China Huarong Asset Management was established in 1999 and is headquartered in Beijing, China. Operations focus on the financial sector, where distressed assets are handled and investment services are offered to institutional clients. In 2023, annual revenues of 5.95 billion were achieved, though a net loss of 4.16 billion was recorded. The company operates primarily within Chinas domestic market, supporting economic restructuring through asset resolution and management activities.
Who are the top competitors of China Huarong Asset Management?
China Huarong Asset Management's top competitors include Investec, Goldman Sachs and S&P Global.
Is China Huarong Asset Management publicly traded?
Yes, China Huarong Asset Management is publicly traded on HKEX under the ticker symbol 2799.
What is China Huarong Asset Management's ticker symbol?
The ticker symbol of China Huarong Asset Management is 2799 on HKEX.