• On September 14th, 2022, under the guidance and support of the Beijing Foreign Exchange Administration Department and the National Development and Reform Commission as well as other regulatory authorities, Beijing Financial Assets Exchange successfully promoted the first cross-border transfer project of non-performing assets in Beijing, providing professional, compliant and efficient one-stop services to both domestic and foreign buyers and sellers, including design of the transaction structure, foreign debt registration and filing, and fund exchange and settlement. The transaction has helped to further facilitate the cross-border investment and financing in Beijing, and explore to establish a "CFAE model" for cross-border transfer of domestic non-performing assets.
  • On August 16th, China Huarong Asset Management Co., Ltd. (hereinafter referred to as “China Huarong”) transferred 76.79% of the equities owned by Huarong International Trust Co., Ltd. (hereinafter referred to as "Huarong Trust") to China Trust Industry Protection Fund Co., Ltd. As the listing agency, Beijing Financial Assets Exchange (hereinafter referred to as CFAE) assisted the successful achievement of this transaction.