China Orient Asset Management Co., Ltd. is a Chinese distressed asset management company headquartered in Beijing. The company is an asset management company and a merchant bank originated as a bad bank for the Bank of China. The bank received shares from debt-to-equity swap of non-performing loans. It is a state-owned enterprise.
The corporation runs in two major business units since 2006, one for general commercial activities, one for the management of the shares that converted from non-performing loans , which was classified as assets under management.[1]
In 2016 the corporation was re-incorporated as a "company limited by shares" : China Orient Asset Management Co., Ltd. from China Orient Asset Management Corporation (COAMC, ).[2] The National Social Security Fund and the Ministry of Finance were the shareholders. According to the company's news press, as of 30 June 2016 its net assets stood at CN¥55.6 billion. The former non-performing assets under management were converted to share capital, raising from CN¥10 billion to CN¥55.363 billion.[3]