YINTAI

On June 29, at the 7th China Local AMC Forum and the "China Local Asset Management Industry White Paper (2021)" conference, Jiangxi Ruijing Financial Asset Management Co., Ltd. (hereinafter referred to as "Ruijing Assets") won the "Best Case of 2021" award for "Resolving Operational Loan Risks", while its "Data Governance under the Digital Transformation of Local AMC" won the third prize of the forum essay.

In this forum, to discuss new ideas for high-quality development of the local asset management industry in the new era to better resolve regional financial risks and serve the development of the real economy, more than 100 participants from 59 local asset management companies across the country discussed the theme of the conference "focusing on the main business in operating in compliance to promote the high-quality development of local AMCs" to conduct in-depth discussions and exchanges. Zhao Yan, Member of the Party Leadership Group and Deputy Mayor of Qingdao Municipal Government; Xue Jun, Member of the Party Leadership Group and Deputy Director of the Shandong Provincial Department of Finance; Wang Xinguo, Member of the Party Leadership Group and Deputy Director of Shandong Local Financial Supervision and Administration, Member of the Standing Committee of the Party Committee of Shandong Luxin Investment Holding Group Co., Ltd.; Jin Tongshui, Secretary of the Party Committee and Chairman of Shandong Financial Assets Management Co., Ltd. participated in the forum.

The awards reflect the industry's high recognition of Ruijing Asset's business performance, brand image, and industry contribution. In recent years, Ruijing Asset has been based in Ganzhou, rooted in Jiangxi, and focused on its main business. By continuously increasing the investment of non-performing assets and taking multiple measures to dispose of non-performing assets, we have achieved remarkable results in resolving financial risks, serving the real economy, and relieving problematic enterprises. At the same time, Ruijing Asset has broken the natural barriers between creditors and debtors with its innovative risk assessment model, digital asset management platform, and professional and comprehensive non-performing asset disposal capabilities. By severing the rigid connection between "debt" and "thing", the separation of non-performing creditor's rights and benign assets is realized. Subsequently, we have achieved specific achievements in promoting small, medium, and micro enterprises to get out of difficulties, defuse group risks, and maintain the financial environment's stability, reflecting the responsibility of local financial asset management companies.

In the next step, Ruijing Assets will continue developing the main non-performing assets' main business and work hard to resolve financial risks. Bravely shouldering heavy burdens, we give full play to our "geographical" advantages to dig deep into resources and revitalize opportunities. Adhering to stable and compliant operation, we continuously improve our own operation and management level to achieve sustainable and healthy development. While making the non-performing asset business bigger and stronger, we welcome the victory of the Party's 20th National Congress with excellent results.