YINTAI

On July 6, 2023, the 8^th China Local Asset Management Company (AMC) Annual Forum and the release of the “White Paper on China’s Local AMC Industry (2022)” were successfully held in Guangzhou. They were attended by nearly 200 representatives from 59 local AMCs across the country. Jiangxi Ruijing Financial Asset Management Co., Ltd. (“Ruijing Assets”) won the Best Case Award, the Cutting-edge Development Award, and third prize for forum essay at the event.

In-depth discussions and exchanges around the theme of “implementing the spirit of the 20^th National Congress of the Communist Party of China (“CPC”), committing to integrity and innovation, and promoting the high-quality development of local AMCs” were carried out at the forum. The participants formed a consensus on the development direction of the non-performing asset industry, and discussed new ideas and measures to promote the high-quality development of the local AMC industry, better resolve regional financial risks, and serve the development of the real economy. The “White Paper on China’s Local AMC Industry (2022),” the authoritative report on the local AMC industry, was also released at the forum.

Ruijing Assets has always been based in Jiangxi, fulfilling its functional positioning, focusing on the main business of non-performing assets, and taking the acquisition and disposal of non-performing assets, the rescuing of troubled enterprises, the aversion and resolution of regional financial risks, and the serving of the development of the real economy as its main business objectives. Going forward, it will continue to implement the spirit of the 20^th National Congress of the CPC, commit to integrity and innovation, integrate its development into the new journey, and promote the high-quality economic development of Jiangxi with practical actions.