Recently, Jiangxi Provincial Financial Supervision Bureau has commended financial regulatory agencies and financial institutions that have made outstanding contributions to supporting local economic growth. Among them, Yintai Group’s Jiangxi Ruijing Financial Asset Management Co., Ltd. won the “Local Legal Person Financial Institution Outstanding Contribution Award”.
With the approval from Jiangxi Provincial People’s Government and registered capital of RMB1.5 billion, Jiangxi Ruijing Financial Asset Management Co., Ltd. was incorporated in January 2018 by a consortium consisting of well-known private companies in China led by China Yintai Holdings Co., Ltd. and Ganzhou Development Investment Holding Group Co., Ltd. The firm filed with the China Banking and Insurance Regulatory Commission (CBIRC) in October 2019, becoming the second local asset management firm in Jiangxi Province and the only local asset management firm in Ganzhou to have filed with the regulator.
Ever since its incorporation in Jiangxi, the firm has always adhered to its business philosophy of “striving to be a first-class enterprise through professionalism, prudence, innovations, aspirations, diligence and cost efficiency” and created a professional team with “excellent calibre, abundant assets at its disposal, outstanding operational capabilities, excellent communication and negotiation expertise, and adherence to bottom line of risk management”. By doing so, it has supported local economic development and helped address regional financial risks.
Going forward, Jiangxi Ruijing Financial Asset Management Co will strictly comply with the CBIRC’s regulatory requirements and pursue innovations tied to its business model of non-performing asset disposal. The firm is committed to providing high-quality financial services to enterprises as a “financial stabilizer”, thereby bolstering economic growth in Jiangxi.