China Orient Asset Management

China Orient Asset Management

COAMC logo
COAMC Building
Formerly called	China Orient Asset Management Corporation
Type	state-owned enterprise
Industry	Financial services
Founded	1999
Headquarters	Beijing, China
Area served	China
Services	merchant bank asset management
Revenue	CN¥12.7 billion (2012)
Operating income	CN¥4.0 billion (2012)
Profit	CN¥3.8 billion (2012)
Total assets	CN¥193.0 billion (2012)
Total equity	CN¥18.4 billion (2012)
Owner	Ministry of Finance of China National Social Security Fund
Parent	Ministry of Finance of China
Website	coamc.com.cn
Footnotes / references in a consolidated basis, commercial sector only

China Orient Asset Management Co., Ltd. is a Chinese state-owned enterprise. The company is an asset management company and a merchant bank originated as a bad bank for Bank of China. The bank received shares from debt-to-equity swap of non-performing loans.

The corporation runs in two major business units since 2006, one for general commercial activities (Chinese: 商业化业务), one for the management of the shares that converted from non-performing loans (Chinese: 政策性不良资产处置业务), which was classified as assets under management.

In 2016 the corporation was re-incorporated as a with limited liabilities (Chinese: 股份有限公司): China Orient Asset Management Co., Ltd. (Chinese: 中国东方资产管理股份有限公司) from China Orient Asset Management Corporation (COAMC, Chinese: 中国东方资产管理公司).the National Social Security Fund and the Ministry of Finance were the shareholders. According to the company's news press, as at 30 June 2016 its net assets stood at CN¥55.6 billion. The former non-performing assets under management were converted to share capital, raising from CN¥10 billion to CN¥55.363 billion.