The Financial Office of Ganzhou Municipal Government in Jiangxi Province organized a symposium on the development, exchange, and cooperation of Ruijing assets

On the morning of November 21st, the Financial Office of Ganzhou Municipal Government in Jiangxi Province organized a symposium on the development, exchange, and cooperation of Jiangxi Ruijing Financial Asset Management Co., Ltd. (hereinafter referred to as Ruijing Asset). Officials from 7 state-owned enterprises, 22 banking institutions, and 3 new financial institutions under the jurisdiction of Ganzhou City attended the symposium, which was chaired by Lan Yingshang, Director of the Finance Office of Ganzhou City Government.

At the meeting, Han Xuegao, Chairman of Ruijing Asset Management, and Kou Chuanping, General Manager, respectively introduced the company's strategic layout, business model, and product types, and stated that the company will integrate the resource advantages of shareholders such as Intime Group and Ganzhou Development Investment Group, base itself on the local area, take the initiative, and serve Ganzhou. All participating units had exchanges and discussions on business cooperation.
The meeting emphasized the need for close unity and sincere cooperation. We should take the opportunity of Ruijing Asset's filing with the China Banking and Insurance Regulatory Commission to strengthen business cooperation. Secondly, we must adhere to market-oriented operation and sustainable development. Ruijing Asset Management aims to play a comprehensive financial service role in market-oriented debt to equity swaps, mergers and acquisitions, and debt restructuring, to assist in optimizing the structure of the city's real economy. The third is to collaborate and achieve win-win results. Financial institutions and enterprises should seek deep and long-term cooperation with Ruijing Asset Management from multiple levels, perspectives, and angles, in order to create a favorable financial ecological environment.

Jiangxi Ruijing Financial Asset Management Co., Ltd. is the second local asset management company registered and established in Ganzhou City in 2018 with a registered capital of 1.5 billion yuan, jointly initiated by Yintai Group, Ganzhou Development Investment Group and other enterprises, and approved by the People's Government of Jiangxi Province.
On October 21, 2019, Ruijing Asset Management successfully registered with the China Banking and Insurance Regulatory Commission, becoming the first local financial asset company in China to obtain registration since April 2018. After filing, Ruijing Asset has the qualification to acquire non-performing assets of financial enterprises in bulk, which is of great significance for Ruijing Asset 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 assist Ganzhou City in Jiangxi Province in building a provincial financial sub center.