China Huarong is a central enterprise. The central financial enterprise is controlled by the Ministry of Finance, with a shareholding ratio of 98.06%. China Huarong Leading Group is a wholly state-owned or state-controlled enterprise directly managed by the central government or entrusted by the Central Organization Department, the State Council SASAC and other central ministries and commissions, belonging to the central enterprises. CITIC Financial Asset Management Co., Ltd. was established in June 20 12 and June 20 12. In August, 20 16, the company ranked 184 in the list of top 500 Chinese enterprises, and ranked 65438 in September, 20 19. In 20 19, China ranked 72nd among the top 500 service enterprises. On June 65438+1October 19, 2024, the State Financial Supervision and Administration Commission issued the Reply on Renaming China Huarong Asset Management Co., Ltd., and agreed to change its name to China CITIC Financial Asset Management Co., Ltd., and on the morning of June 65438+1October 26, CITIC Financial Assets was listed.