On the afternoon of May 5th, Liao Yulin, Chairman of Dongguan Jinhua Group chaired the meeting of the promoters of Dongguan Asset Management Co., Ltd. (hereinafter referred to as the asset management company) and the first shareholder meeting in the meeting room of Dongguan Citizen Investment Co., Ltd., the State-owned Assets Supervision and Administration Commission of the city. The relevant leaders of the Financial Services Bureau and the heads of a number of companies that are co-sponsors of the asset management companies participated in the meeting.

The successful convening of the meeting means that Dongguan's first mixed-ownership asset management company with state-owned shares will soon enter the stage of history.

Liao Yulin, Chairman of Dongguan Jinhua Group chaired the meeting▲

Meeting venue▲

Leading domestic companies to launch asset management companies

According to Dongguan City, the end of 2016 on the structural reform of the supply side to promote the development of a higher level to achieve a higher level of development of the top ten action plans, in order to further promote the development of new economic and financial organizations in Dongguan, feasibility studies, from the Dongguan demonstration Financial control takes the lead with five local strength companies including Dongguan Citizen Investment Co., Ltd., Dongguan Sanzheng Financial Investment Co., Ltd., Guangdong Zhongtian Industrial Investment Group Co., Ltd., Guangdong Yuefeng Investment Co., Ltd., and Dazhong Investment Group Co., Ltd. Launched an asset management company.

In order to speed up the preparation of asset management companies, Dongguan Jinhua led the founders to set up a leading group for the preparation of the construction work, and was chaired by the chairman, Liao Yulin.

Deliberation of a series of motions

At the sponsor's meeting, all the sponsors reviewed and passed the three proposals including "Proposal on Establishing Dongguan Asset Management Co., Ltd." and signed the sponsor agreement.

At the first shareholders’ meeting, all shareholders of the asset management company reviewed and approved 7 proposals including “Proposal on the Preliminary Report on the Preparation of Dongguan Asset Management Co., Ltd.”, and at the 1st meeting of the first board of directors that was subsequently held, the The election of the participating directors, Liao Yulin served as chairman of the asset management company.

Promote Dongguan economic restructuring and industrial transformation and upgrading

Chairman Liao Yulin thanked the shareholders and directors for their trust and support. In the future, they will strictly follow the company law and the work requirements of the “Articles of Association”, and they will not hesitate to assume the responsibilities and obligations imposed by laws and regulations. Other directors also expressed their opinions. After the establishment of the asset management company, it will give full play to the advantages of its shareholders, strengthen the exchanges between shareholders through the convening of major investment decision committees, and integrate the resources of all parties, providing strong support for asset management companies in the judgment of major decisions and strategic development directions. .

At the meeting, the leaders of the Municipal State-owned Assets Supervision and Administration Commission and the Municipal Financial Bureau congratulated the successful establishment of the asset management company, arguing that this was a new attempt to promote supply-side structural reforms. At the same time, it also places deep expectations on the role of finance as the core of the economy for asset management companies to maintain the environment of local financial oasis, complement the shortcomings of the financial sector, promote economic restructuring and industrial upgrading of Dongguan City, and give full play to the role of finance as an economic core.