Cooperation Between Xinjiang Equity Exchange And Huarong Asset Management Co

In June 2, 2011, the signing ceremony of business cooperation agreement between Xinjiang equity exchange and China Huarong Asset Management Co Urumqi office was held ceremoniously.

Song Keqin, director of Xinjiang property rights trading center, chairman of Xinjiang equity exchange and China Huarong

According to the strategic cooperation agreement, the two sides will establish a comprehensive business partnership based on the principles of "honesty and credit, equality and mutual benefit, resource sharing, complementary advantages, long-term cooperation and common development".

The two sides undertake to cooperate fully in the field of asset disposal and financial innovation to expand bilateral business areas and achieve mutual benefit and win-win results.

In terms of specific cooperation, the Xinjiang property exchange will rely on its strong information gathering and distribution capabilities, perfect trading rules and extensive investor resources to provide docking and services to Huarong Asset Management Co's financial non-performing loans, equity, investment banking, trust, financial leasing and other businesses.

General manager Macken pointed out that Huarong Asset Management Co has actively and steadily promoted the commercialization pformation of the company in recent years. It has formed a comprehensive financial service system based on asset management, relying on securities, leasing, trusts, real estate, investment, financing, funds, futures and diversified banking operations.

The comprehensive cooperation between the two sides is an important achievement in promoting the commercialization and pformation of Huarong and taking the road of marketization.

Chairman Song Keqin introduced the basic situation, organizational structure, historical evolution, business status and development status of the Xinjiang property exchange. He pointed out that bilateral cooperation will give full play to the Xinjiang property exchange as a trading platform to discover prices, discover value, find buyers' functions and standardize operation, and the characteristics of sunshine trading, as well as the characteristics of multi-level capital markets, and combine with rich financial industry experience, strong financial strength and standardized capital operation system of Urumqi Office of Huarong Asset Management Co. Through comprehensive and in-depth cooperation, the two sides can achieve the common goal of maximizing revenue and developing rapidly.

At the same time, it will further promote the integration of Xinjiang property rights market and financial creditor's rights market and promote capital market.