New stock news | Hebei Asset Management Co., Ltd. has submitted an application to the Hong Kong Stock Exchange after operating in the non-performing asset management industry in Hebei Province for nearly ten years.

Hebei Asset Management Co., Ltd. submitted an application to the Hong Kong Stock Exchange, with joint sponsors being CIBC International and Everbright Securities International. According to the prospectus, Hebei Asset Management Co., Ltd. is the only local asset management company in Hebei Province with the qualification to acquire and dispose of financial non-performing assets in bulk. According to the Intelligence Consulting report, it ranks second in Hebei Province in terms of the original value of non-performing assets acquired in 2024. Since its establishment in 2015, the company has been operating in the non-performing asset management industry in Hebei Province for nearly ten years. As of December 31, 2022, 2023, and 2024, its total assets reached RMB 679.36 million, RMB 725.25 million, and RMB 755.64 million respectively. During the retrospective period, the company's non-performing asset operating income in 2022, 2023, and 2024 were RMB 42.40 million, RMB 22.15 million, and RMB 51.17 million respectively.