Yintai Group Jiangxi Ruijing Asset has been registered with the China Banking and Insurance Regulatory Commission

Recently, the China Banking and Insurance Regulatory Commission announced the list of local asset management companies, and Jiangxi Ruijing Financial Asset Management Co., Ltd. (hereinafter referred to as Ruijing Asset), a subsidiary of Intime Group, has been approved to carry out bulk acquisition of non-performing financial assets in Jiangxi Province.

Ruijing Asset's registration marks the addition of new local financial institutions in Jiangxi Province, and is also the first financial institution in China to obtain registration since April 2018.

The China Banking and Insurance Regulatory Commission stated that financial institutions may transfer non-performing assets in bulk to Ruijing Asset Management in accordance with relevant laws, administrative regulations, and the "Management Measures for Batch Transfer of Non Performing Assets of Financial Enterprises". The so-called bulk transfer refers to the behavior of financial enterprises grouping three or more non-performing assets and transferring them to asset management companies in a targeted manner.

This registration with the China Banking and Insurance Regulatory Commission is of great significance for Ruijing Asset Management to further expand its business and cooperate with banks and other financial institutions. It can better help prevent and resolve regional financial risks, stabilize regional financial markets, and promote the deepening of regional financial industry reform.

Jiangxi Ruijing Financial Asset Management Co., Ltd. is an important business carrier of Intime Group in the fields of investment and finance. Founded on January 31, 2018, it was initiated by Intime Group and several well-known domestic enterprises. It is the second local AMC approved by the People's Government of Jiangxi Province and the only one in Ganzhou City. Its main business is the bulk acquisition, management, and disposal of non-performing assets of financial enterprises, quasi financial enterprises, and other enterprises in Jiangxi Province. Ruijing Asset Management will uphold the concept of creating value through professionalism, serve mainstream finance and the real economy, and strive to become one of the most innovative and leading asset management institutions in China.