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Capital Management and China Orient Held the Cooperation Forum and Project Signing Ceremony
Released:2021-01-11

 

On December 25, 2020, CR Capital Management and China Orient held the cooperation forum and project signing ceremony in Shenzhen China Resources Financial Building.

On December 25, 2020, CR Capital Management and China Orient grandly held the Beijing Wangjing Project Cooperation Forum and Project Signing Ceremony in Shenzhen China Resources Financial Building. Both sides worked together to revitalize the Beijing Wangjing Liubaiben project. Located in the core area of Wangjing District in Beijing, the Liubaiben project is directly connected with the subway, with an overall construction area of about 94,000 square meters. In December 2019, China Orient acquired part of the project assets through “paying debts in kind assets”. After a year of repeated research and discussion, the teams of both sides finally established the asset revitalization plan, and developed the AMC full-cycle cooperation mode based on the project.

Mr. Carl Qin, the General Manager of CR Capital Management as well as the Chairman of CR SZITIC investment Co., Ltd, pointed out in his speech that China Resources Group is the comprehensive fund management platform of CR Capital Management. Relying on the abundant industrial resource background as well as rich capital operation and project management experience of China Resources Group, it carries out industrial fund investment and operation business in six sectors including healthcare, consumer products, integrated urban and energy construction and operations, technology and energy conservation and environmental protection. During the 13th Five-Year Plan period, CR Capital Management had a total capital of over 100 billion yuan under its management; during the 14th Five-Year Plan period, CR Capital Management will continue to uphold the missions in the industrial strategy of the group and the national development strategies, and build a state-owned assets management platform with industry-finance collaboration and the characteristics of China Resources. In order to achieve this goal, the company needs to cooperate with financial institutions in a more professional, in-depth and comprehensive way. As one of the four major financial asset management companies, China Orient is equipped with a professional investment team and performs excellently in terms of investment. It has a high degree of fit and complementarity with CR Capital Management in the business fields of special opportunity investment and inefficient asset revitalization. It is hoped that both sides would take this project cooperation as an opportunity to boost strategic cooperation at the group level of both sides, so as to achieve deeper complementary advantages and win-win results.

Mr. Lv Guoyan of Special Opportunity Investment Division at China Orient expressed his appreciation for being invited to attend the forum and signing ceremony, as well as full confidence in the cooperation between both sides in the field of special opportunity investment and inefficient asset revitalization. The signing of the cooperation agreement of Beijing Wangjing Liubaiben project marks that the cooperation between both sides has officially entered the substantive stage. In the future, both sides can give full play to the advantages of China Resources Group in industrial operations, and jointly create development opportunities, in combination with China Orient’s rich experience in the disposal of non-performing assets. Both sides will continue to explore cooperation modes and accumulate experience in the fields of non-performing assets, problem assets, and inefficient assets, so as to promote in-depth business integration and jointly contribute to economic transformation and development.

Mr. Wang Jianqiang, the Deputy General Manager of CR Capital Management, pointed out in his speech that the cooperation of Beijing Liubaiben project marks beginning of CR Capital Management to dig deep into the stock market, which is of strategic significance. At present, there are still a lot of transformation and upgrading opportunities in the core areas of the first-tier cities. Through full-cycle cooperation with AMC, CR Capital Management’s advantages in active investment and active management as well as rich operation in the field of commercial real estate. Meanwhile, it is also in line with the development goal of China Orient to actively revitalize the non-performing assets.

Mo Fuguang, the General Manager of CR SZITIC investment Co., Ltd., Gao Xuetong of Beijing Team of Real Estate Fund, Chen Jinyu of CR SZITIC investment Co., Ltd., and Lv Guoyan, Wang Qi, Zhang Han, Yin Ruizhi of Special Opportunity Investment Division at China Orient attended the ceremony.

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