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Henan state-owned enterprises set up Zhengzhou real estate rescue fund: revitalizing problem real estate
According to official website news of Henan Asset Management Co., Ltd., Wan Yongsheng, Party Secretary and Chairman of Zhengzhou Real Estate Group Co., Ltd., and his party visited Henan Asset Management Co., Ltd. on July 19, and Cheng Dongmei, Chairman of Henan Asset Management Co., Ltd., held talks and exchanges with Wan Yongsheng and his party.

The two sides unanimously stated that they will give full play to their respective advantages in professional team and business resources, set up special working classes and jointly set up Zhengzhou Real Estate Relief Fund. Through asset disposal, resource integration, restructuring consultants, etc., we will participate in the relief work of revitalizing problematic real estate and helping difficult housing enterprises, and actively make new contributions to the construction of Zhengzhou's national central city, ecological protection and high-quality development of the Yellow River Basin.

The two sides also exchanged views on corporate governance, the construction of market-oriented mechanism, the revitalization of inefficient assets, industrial investment attraction, asset securitization, and the divestiture of "two non-capital and two capital".

During the talks, Cheng Dongmei also said that Henan Assets, as a market-oriented and professional local asset management company, is positioned as an "enterprise hospital", focusing on its main business and committed to solving problems for the government, banks and enterprises. It has strong synergy and complementarity with Zhengzhou Real Estate Group in business, and hopes to carry out multi-level and multi-form cooperation and exploration with Zhengzhou Real Estate Group to make positive contributions to the high-quality development of regional economy.

Wan Yongsheng said that Zhengzhou Real Estate Group focused on key areas such as urban renewal, old city reconstruction and talent apartment construction, paid close attention to project construction and expanded effective investment. I hope to deepen exchanges and cooperation with Henan assets, continue to deepen Zhengzhou, and further demonstrate the mission of platform companies to promote Zhengzhou's leap-forward development.

Zhengzhou Real Estate Group Co., Ltd. was established in 2003, and implemented the management system of "one team, two brands" with Zhengzhou Land Reserve Center. 20 1 1 Zhengzhou real estate group co., ltd. was established by the state-owned assets supervision and administration commission of Zhengzhou city, which was incorporated into the state-owned assets supervision system, mainly engaged in land consolidation, urban renewal and revitalization, infrastructure construction and operation management, industrial park development and operation, comprehensive parking lot development, urban asset operation management, real estate development and operation, etc. It has 1 1 wholly-owned subsidiaries and holding subsidiaries.

Henan Assets was incorporated in August 20 17. It is a local asset management company approved by the Henan Provincial People's Government and listed by the China Banking Regulatory Commission. It is the target company of "Double Hundred Enterprises" exchange between the State Council State-owned Enterprise Reform and Henan State-owned Enterprise Reform. It has business qualifications such as a first-level administrator of bankruptcy cases, a private fund manager, and financial leasing.

Official website, a Henan asset, shows that up to now, the consolidated financial statements of Henan assets have total assets of 36,654.38 billion yuan, net assets of/kloc-0.43 billion yuan, managed assets of 65.7 billion yuan and asset-liability ratio of 60%. Since its establishment, Henan Assets has been closely focusing on the strategic deployment of the provincial party committee and government, thoroughly implementing the three missions of "resolving financial risks, serving the reform of state-owned enterprises and promoting industrial transformation", focusing on the main business of non-performing assets disposal, and comprehensively using financial services such as collection of non-performing assets, debt restructuring, bankruptcy restructuring, market-oriented debt-to-equity swap, investment banking, etc., and disposing of non-performing assets by a total of 76.8 billion yuan, helping more than 20 financial institutions in the province to collect risks and revitalize problem real estate. Landing 9 single state-owned enterprise debt-to-equity swap projects to help many state-owned enterprises deepen reform, transformation and development; Invest in 16 leading enterprises in the semiconductor industry chain, lay out emerging industries such as high-end manufacturing, new energy and new consumption, help many local governments to promote capital investment and industrial transformation, and pragmatically promote a series of projects in optimizing the regional financial ecology and serving the high-quality development of the economy.

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