China Citic Financial Asset Management’s Guangdong branch reported that since joining CITIC Group it has cumulatively acquired more than RMB 45 billion of financial non-performing debt, including more than RMB 5.7 billion of non-performing debt from small and medium-sized financial institutions. The branch also cited several “14th Five-Year Plan” period milestones, including participation in Guangzhou’s first substantive consolidation restructuring involving a Belt and Road-related enterprise, support for the successful delivery of resettlement housing in Guangzhou’s first pre-restructuring case, and execution of its first bond swap conducted under the CSRC’s new rules for “debt restructuring bond swaps.”

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