CITIC FAMC Allocates 55.9 Billion Yuan to Mitigate Real Estate Risks

Deep News
Nov 05

CITIC Financial Asset Management Co., Ltd. (CITIC FAMC) has actively supported the resolution of real estate risks by leveraging the comprehensive advantages of CITIC Group. Since 2022, the company has funded 93 relief projects with a total investment of 55.9 billion yuan, ensuring the delivery of 75,900 commercial housing units and establishing several high-profile benchmark projects.

In recent years, CITIC FAMC has played a crucial role in mitigating risks in key sectors through counter-cyclical adjustments and financial rescue operations. Beyond real estate risk management, the company has also employed professional measures to address risks in small and medium-sized banks, trusts, and securities institutions. Since 2022, it has acquired non-performing asset portfolios worth approximately 220 billion yuan from small and medium-sized banks and successfully secured multiple cross-regional asset packages and large single assets, significantly enhancing the resilience and stability of the financial system.

As a financial asset management company, CITIC FAMC has strictly adhered to regulatory requirements by focusing on its core business and risk resolution. The company has increasingly concentrated its asset allocation on core operations, with its non-performing asset division now accounting for nearly 90% of total assets and 98.3% of revenue—a nearly 40% increase since early 2022. A company representative noted that CITIC FAMC has further strengthened risk controls, improved asset quality, and achieved consistent reductions in both non-performing balances and ratios. With a capital adequacy ratio of 15.97% and a parent company provision coverage ratio rising to 270%, the company has laid a solid foundation for high-quality development.

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