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.
On August 27th, 2021, in order to firmly implement the national strategy and policy deployment of carbon peaking and carbon neutrality, actively promote financial institutions to support the "dual carbon goals" through market-oriented debt-to-equity swaps, and further promote the increment, expansion and quality of the debt-to-equity swaps, the Beijing Financial Assets Exchange held the “Business Communication and Project Matchmaking Conference on Using Market-oriented Debt-to-Equity Swap to Support Carbon Peaking and Carbon Neutrality".
On August 2th, 2021, the Ministry of Finance officially released the Notice on the List of Property Rights Trading Institutions to Undertaking State-owned Property Rights Transactions of Centrally-Managed Financial Enterprises (Cai Ban Jin [2021] No. 69) on its website, confirming the list of the first batch of property rights trading institutions who were allowed to undertake state-owned property rights transactions of centrally-managed financial enterprises. The Beijing Financial Assets Exchange is one of them announced in the Notice.
On October 23th, Wang Chunying, Deputy Administrator and spokesperson of the State Administration of Foreign Exchange, said at a press conference held by the State Council Information Office that a pilot of cross-border transfer of non-performing assets has been carried out in Beijing, and the Beijing Financial Assets Exchange was allowed to carry out cross-border transfer of banks' non-performing assets, to further revitalize banks' non-performing assets, and better support the development of the real economy.
On July 1st, 2020, the ceremony for the first transfer of equity in a house leasing enterprise was held at CFAE. It was the first deal of its kind after CFAE launched the service for trading of equity in house leasing enterprise.
On June 11th, 2020, Asian Infrastructure Investment Bank 2020 Renminbi Bond (Series 1) ( Combating COVID-19 Bond) (Bond Connect) completed on-site book-building procedures with CFAE.
On June 6th, 2020, CFAE held a symposium on building efficient financial market infrastructure and enhancing the ability to serve the real economy. Pan Gongsheng, member of the Party Committee and Deputy Governor of the People's Bank of China, and Yin Yong, Member of the Standing Committee of the Beijing Municipal Party Committee and Vice Mayor of Beijing, attended and addressed the event.
On June 6th, 2020, the Beijing Financial Assets Exchange held a symposium on "Building Efficient Financial Market Infrastructure and Enhancing the Ability to Serve the Real Economy". Pan Gongsheng, Party member and vice governor of the People's Bank of China, and Yin Yong, member of the Standing Committee of the Beijing Municipal Party Committee and vice mayor of Beijing, attended and spoke at the symposium. The participants discussed and exchanged views on hot issues such as the financial market infrastructure construction and the improvement of the ability to serve the real economy.
In March 2020, CFAE promoted the establishment of Party branches at all divisions, increasing the number of Party branches from 4 to 11, and thereby continuing to strengthen primary-level Party organizations.
On February 26th, the anti-COVID-19 creditor’s right financing program registered by a private enterprise in Lhasa was successfully listed, and the fund raised would be partly used for production and manufacturing of supplies for fighting COVID-19 pandemic. It was CFAE's first creditor’s right financing program by a private enterprise for the purpose of fighting COVID-19.
In April 2019, the first transfers of matured defaulted bonds were successfully completed on CFAE.
In March 2019, CFAE launched its service for transfer of matured defaulted bonds, which is centered around a dynamic bidding mechanism, as required for improving the mechanism on the disposal of defaulted bonds, increasing the efficiency of disposal of defaulted bonds, offering an exit channel for investors that have no intention to participate in bond restructuring and mitigate risks.
On November 27th, 2018, CFAE launched its information disclosure platform for account receivable financing program.
In November 2018, CFAE ensured the successful issuance of several Credit Risk Mitigation Warrants (CRMW) linked to credit risks of private enterprises in the inter-bank bond market by coordinating issuers under the organization of NAFMII.
On July 30th, 2018, the Market-Based Debt-to-Equity Swap Information Reporting Platform was launched.
On December 18th, 2017, CFAE launched centralized information disclosure services for market participants as the provider of technical support and auditor on disclosure document formats authorized by NAFMII in accordance with the Notice of NAFMII on Matters Concerning Centralized Information Disclosure over NAFMII Integrated Business and Information Service Platform.
In November 2017, the official app developed by CFAE was launched in major app stores.
In September 2017, the Commission for Discipline Inspection of CFAE was established.
On August 11th, 2017, CFAE won the "Best M&A Deal" award granted by China Merger & Acquisition Association.
On July 26th, 2017, Hungary 2017 Series 1 Renminbi Bond was successfully issued through the "NAFMII Integrated Business and Information Service Platform" on CFAE. It was the first foreign sovereign government Renminbi bond issued through Bond Connect and facing domestic and foreign investors.
On May 8th, 2017, Chengdu Hi-Tech Investment Group Co., Ltd. 2017 Debt Financing Instrument Specific to Business Startups and Innovations (Series 1) was successfully issued on CFAE, which was the first deal of its kind.
On August 31st, 2016, World Bank (International Bank for Reconstruction and Development) 2016 Special Drawing Rights (SDR)-denominated Bond was successfully issued through the "NAFMII Integrated Business and Information Service Platform" on CFAE.
On January 21st, 2016, Province of British Columbia 2016 Renminbi Bond (Series 1) was issued through the "NAFMII Integrated Business and Information Service Platform" on CFAE. It was the first RMB bond issued by a foreign local government in the inter-bank market, marking the further expansion of the coverage of issuers.
On December 30th, 2015, 3 billion shares of China United Insurance Holding Company Limited were successfully transferred through online bidding, becoming the deal with largest increment value in the state-owned financial assets trading market since the Ministry of Finance issued the Administrative Measures for the Transfer of State-owned Assets of Financial Enterprises (the Decree No. 54) in 2009.
On December 15th, 2015, the Republic of Korea 2015 RMB Bond was issued through the centralized book-building system for the inter-bank bond market on CFAE. It was the first foreign sovereign government Renminbi bond issued in China, marking the further opening-up of the inter-bank bond market.
On July 15th, 2015, the 100% stake of Nanyang Commercial Bank Limited held by Bank of China (Hong Kong) Limitedwas listed on CFAE at a price of HK$ 68 billion. It was the first time for the entire equity held by a state-owned financial enterprise in a foreign bank to get publicly listed on an officially-designated domestic trading platform, which broke the transaction scale record of financial enterprise assets trading project in China's M&A market.
On November 3rd, 2014, bond trading services were officially launched over the trading platform for qualified non-financial institutional investors in the inter-bank market in accordance with the Notice on Matters Concerning the Access of Qualified Non-Financial Institutional Investors to the Inter-bank Bond Market issued by the Financial Market Department of the People's Bank of China as well as relevant documents issued by NAFMII.
On March 14th, 2014, Daimler AG Debt Financing Instrument was issued on CFAE after completing book-building procedures. CFAE officially started providing book-building services for inter-bank debt financing instruments.
In January 2014, the Party Committee at CFAE was officially founded.
In December, NAFMII took a stake in CFAE.As a result,CFAE officially became a part of China's inter-bank bond market,and its Party organizational relations would be managed by NAFMII.
On May 10th, 2013, CFAE and the Beijing Branch of Bank of Nanjing held a signing ceremony for the first front-loaded entrusted deal for a commercial bank.
In December, NAFMII took a stake in CFAE. As a result, CFAE officially became a part of China's inter-bank bond market, and its Party organizational relations would be managed by NAFMII.
On March 25th, 2011, CFAE signed a Memorandum of Cooperation with the National Association of Financial Market Institutional Investors (NAFMII), and NAFMII awarded the plaque of the "NAFMII-Designated Trading Platform" to CFAE.
On March 10th, 2011, CFAE issued the Trading Rules of Beijing Financial Assets Exchange for Entrusted Creditor’s Right Investment, with a total transaction amount of RMB 144.5 billion posted for the year.
On June 9th, 2010, RMB 12 billion financial assets from Huarong were officially listed, which was the first deal after the founding of CFAE.
On May 30th, 2010, the inauguration ceremony of CFAE was held at the International Convention Center, Financial Street, with officials from the Beijing Municipal Government and PBC unveiling the nameplate for CFAE.
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