Practicing social responsibility to resolve regional financial risks - Jiangxi Ruijing Financial Asset Management Co., Ltd. effectively serves the economic development of Ganzhou

Since its establishment in Ganzhou in January 2018, Jiangxi Ruijing Financial Asset Management Co., Ltd. has always adhered to the business philosophy of "professional stability, innovation and progress, diligence and frugality, and striving for excellence", and has built a professional talent team with "excellent business quality, abundant resources, practical ability, good communication and coordination, and adherence to risk bottom line", serving the economic development of Ganzhou and resolving regional financial risks. Jiangxi Ruijing Financial Asset Management Co., Ltd. was initiated by China Yintai Investment Co., Ltd., Ganzhou Development Investment Co., Ltd., and well-known domestic private enterprises. It was approved by the People's Government of Jiangxi Province and registered in January 2018 with a registered capital of 1.5 billion yuan. The company was registered with the China Banking and Insurance Regulatory Commission in October 2019, making it the second local asset management company in Jiangxi Province and the only one in Ganzhou City to be registered with the China Banking and Insurance Regulatory Commission.

Since its establishment, the company has launched a total of 52 projects, with a total revenue of 316 million yuan, total assets of 2.888 billion yuan, asset management scale of 9.178 billion yuan, and total tax payment of 84.66 million yuan. Focus on the main business of non-performing assets, actively participate in due diligence and bidding for non-performing asset packages of banks, and cooperate with financial institutions stationed in Jiangxi to carry out non-performing asset business. Since the beginning of this year, the total amount of non-performing asset packages won by the company has accounted for 30% of the total package issuance in Jiangxi Province.

At the same time, in order to alleviate the pressure of indicators such as non-performing loans in banks, reduce corporate debt ratios, assist struggling enterprises, promote mixed ownership reform of enterprises, and divest ineffective assets. The company established a special department to promote the debt to equity conversion project. On July 20, 2018, the company signed a 10 billion yuan "Framework Agreement for the Implementation and Promotion of Debt to Equity Conversion" with Ganzhou Development Investment.

The company actively innovates and develops characteristic businesses. On the basis of traditional businesses, the company actively develops characteristic businesses to achieve differentiated competition. The company has created an intelligent risk control system suitable for small and micro enterprises to solve the problems of financing and loan difficulties. It realizes the full process risk management of "pre loan analysis and review+dynamic tracking during loan+post loan management and disposal", achieves pre loan prevention and post loan acquisition, and provides diversified comprehensive financial services for small and micro enterprises.

Since the COVID-19, Jiangxi Ruijing Financial Assets Management Co., Ltd. has practiced social responsibility, helped fight against the epidemic, firmly established the concept of "epidemic is the order, prevention and control is the responsibility", gave full play to the vanguard role of party members and cadres, and led all employees of the company to implement the epidemic prevention and control work in every link of the company's operation.

Launching the "Ruijing Anti epidemic Support Pass" financial support program

The company, with a high sense of social responsibility, has launched the "Ruijing Anti epidemic Support Pass" financial support program for some real economies within the jurisdiction of Ganzhou. Ruijing Anti epidemic Support Platform adopts the business model of "non monetary debt acquisition", which provides certain liquidity support to small and medium-sized enterprises by acquiring various accounts receivable debts. After the product was launched, the company received business applications from more than 10 enterprises affected by the epidemic in Ganzhou area. In addition, to solve the funding problem of anti epidemic enterprises, the company plans to issue "anti epidemic special bonds" in the form of private placement, and the funds will be used to support anti epidemic product production and service enterprises.

Next, Jiangxi Ruijing Financial Asset Management Co., Ltd. will strictly comply with the regulatory requirements of the China Banking and Insurance Regulatory Commission, deeply cultivate the non-performing asset market, innovate the non-performing asset disposal business model, strengthen, refine, and expand the main business of non-performing assets, increase investment in local non-performing asset business, explore the full chain operation of financial non-performing assets, provide high-quality financial services for enterprises, help the development of the real economy in Ganzhou, and play the role of a "financial stabilizer".

In addition, restructuring businesses will be carried out to help struggling enterprises improve their debt paying ability, restore production and operation, and promote the transformation of physical enterprises in Jiangxi through debt restructuring, asset integration, and restructuring of problematic enterprises.

. The company will actively respond to the spirit of the relevant documents on the integration of the provincial and municipal governments into the Guangdong Hong Kong Macao Greater Bay Area, cooperate and exchange with well-known fintech enterprises in the Greater Bay Area, assist in building a financial service system that is compatible with the Greater Bay Area, and support the high-quality development of Ganzhou's economy.