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About Us
Introduction of COAMC
Chairman's Message
Company Leaders
Organizational Chart
Corporate Culture
Significant Events
COAMC Group Members
Location:
Chairman’s Message

Looking back at 2020, the extraordinary year kicked off unexpectedly and brought about a severe and complex situation along with unprecedented challenges. In the face of the abrupt outbreak of the COVID-19 pandemic and the increasingly complicated situation at home and abroad, China Orient resolutely implemented the decisions and arrangements made by the CPC Central Committee, coordinated pandemic control and business development as a whole, worked hard to expand distressed assets as the principal business, and got various aspects of work done in an orderly manner. As a result, we successfully completed all the tasks and targets set for the year.

In 2020, China Orient stayed calm and surmounted difficulties imposed by the COVID-19 pandemic, maintained normal business operation and ensured high-quality financial services. We acted on the central government’s policies for ensuring stability on six key fronts and maintaining security in six key areas, and went all out to support the smooth operation of enterprises affected by the pandemic and the transformation and upgrading drive of enterprises in the real economy. Further focused on the founding mission, we worked hard to scale up distressed asset management business steadily, with the business structure optimized constantly. While resolutely fulfilling the social responsibilities due to central state-owned financial enterprises, we managed to beat all poverty alleviation targets and tasks, and continued to consolidate results achieved in poverty reduction. What we did contributed to the successful conclusion of the 13th Five-year Plan Period.

In 2020, China Orient generated RMB100,989 million in group-wide operating income and RMB10,554 million in net profits after tax, a year-on-year increase of 1.27%. As of the end of 2020, we had total assets of RMB1,141,829 million and net assets of RMB147,010 million.

In 2021, standing at a new historical juncture, we will have a broad picture of strategic operations and bear in mind the fundamental interests of the country. We will ground our efforts in the new development stage, apply the new development philosophy, and make greater contributions to the formation of a new development pattern.

In 2021, by taking the celebration of the 100th anniversary of the founding of the CPC and the in-depth implementation of the Party history learning programs as great opportunities, we will exercise strict self-governance on Party organizations and Party conduct in every respect, so that Party building can play a leading and supporting role in the reform and development of the Group.

In 2021, we will continue to uphold the overall principle of pursuing progress amid stability, maintain our strategic positioning, and engage in pandemic prevention and control on an ongoing basis. As great strides are made towards four tasks of stabilizing growth, making structural shifts, controlling risks, and ensuring key points, we will expand the scale of principal business, optimize the structure of assets, increase support for key national projects, strategic emerging industries, and weak links, and push the Group’s business towards both quantitative and qualitative changes before high-quality development is attained.

In 2021, we will strengthen comprehensive management of the Group, and improve the governance and internal control of the Group, to stimulate potential and vitality by deepening reform and improve operational efficiency.

A new era brings new tasks. A new journey calls for new achievements. Centered on the principal business, China Orient will continue to implement the decisions and arrangements of the CPC Central Committee and the State Council as well as the requirements of the regulatory authorities. We will seek to fit well in the new development pattern, forge ahead steadily towards new achievements, and get off to a good start in the first year of the 14th Five-year Plan Period.

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