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China CITIC Financial Asset Management Co (HKSE:02799) Credit Losses Provision : HK$0 Mil (As of Dec. 2023)


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What is China CITIC Financial Asset Management Co Credit Losses Provision?

China CITIC Financial Asset Management Co's credit losses provision for the six months ended in Dec. 2023 was HK$0 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was HK$0 Mil.


China CITIC Financial Asset Management Co Credit Losses Provision Historical Data

The historical data trend for China CITIC Financial Asset Management Co's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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China CITIC Financial Asset Management Co Credit Losses Provision Chart

China CITIC Financial Asset Management Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Credit Losses Provision
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China CITIC Financial Asset Management Co Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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China CITIC Financial Asset Management Co Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$0 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


China CITIC Financial Asset Management Co (HKSE:02799) Business Description

Traded in Other Exchanges
Address
No. 8, Financial Street, Xicheng District, Beijing, CHN, 100033
China Huarong Asset Management Co Ltd operates as an asset manager and provides financial services. It has three segments. Its distressed asset management segment includes policy-related DES asset management business based on the commercial buy-out of the company, special situations investments business, distressed asset-based property development business as well as market-oriented DES business of the group. The financial services segment mainly includes securities and futures business, financial leasing business, and banking services business. Asset management and investment segment mainly includes trust business, international business and other business. It derives the majority of its revenues through its distressed asset management services.
Executives
China Life Franklin Asset Management Co., Limited 2102 Investment manager
China Life Insurance (group) Company 2101 Beneficial owner
China Cinda Asset Management Co., Ltd. 2101 Beneficial owner
Gong Yin Jin Rong Zi Chan Tou Zi You Xian Gong Si 2101 Beneficial owner
Zhong Guo Gong Shang Yin Hang Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Quan Guo She Hui Bao Zhang Ji Jin Li Shi Hui 2101 Beneficial owner
Central Huijin Investment Ltd. 2201 Interest of corporation controlled by you
Warburg Pincus Xi, L.p. 2201 Interest of corporation controlled by you
Wp Xi International Ii Ltd 2201 Interest of corporation controlled by you
Wp Global Llc 2201 Interest of corporation controlled by you
Warburg Pincus Private Equity Xi, L.p. 2201 Interest of corporation controlled by you
Warburg Pincus & Co. 2201 Interest of corporation controlled by you
Sino-ocean Group Holding Limited 2201 Interest of corporation controlled by you
Wisdom City Enterprises Limited 2201 Interest of corporation controlled by you
Sol Investment Fund Lp 2201 Interest of corporation controlled by you

China CITIC Financial Asset Management Co (HKSE:02799) Headlines

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