Zhongyuan Asset Investment Management Group Established with RMB 13 Billion Capital, Wholly Owned by Henan
Zhongyuan Asset Investment Management Group Co. , Ltd. was inaugurated on July 29, 2026, with registered capital of RMB 13 billion, wholly owned by the Henan Provincial Finance Department. The group, formed from Zhongyuan Asset Management Co. , was established on July 13, 2026. Wang Shihao, formerly of Zhongyuan Bank and the Henan Provincial Rural Credit Union, was appointed chairman on July 16. As of end-2025, the group had 75 subsidiaries covering equity investment, leasing, and related services. The establishment follows new NFRA rules limiting local asset management companies' subsidiary investments.
On July 29, 2026, Zhongyuan Asset Investment Management Group Co. , Ltd. held an inauguration ceremony. The company was formed from Zhongyuan Asset Management Co. , established on July 13, 2026, with registered capital of RMB 13 billion, wholly owned by the Henan Provincial Finance Department.
Zhongyuan Asset Management was founded in August 2015 with the approval of the Henan provincial government as a provincial-level local asset management company qualified to acquire non-performing financial assets in bulk, with registered capital of RMB 13 billion. On July 16, 2026, the Henan Provincial People's Government appointed Wang Shihao as chairman of Zhongyuan Asset Investment Management Group Co. Wang previously served as a member of the Party Committee and Secretary of the Discipline Inspection Commission of Zhongyuan Bank, as well as a member of the Party Committee of the Henan Provincial Rural Credit Union and head of the discipline inspection and supervision team stationed there by the Henan Provincial Commission for Discipline Inspection and Supervision.
As of the end of 2025, the group had 75 wholly owned and controlled subsidiaries within its consolidation scope, with businesses covering management of non-securities equity investments and related advisory services, financial leasing, equity investment, and transaction-related ancillary services.
The Interim Measures for the Supervision and Administration of Local Asset Management Companies, issued and implemented by the National Financial Regulatory Administration in July 2025, require that local asset management companies generally not invest in or establish subsidiaries, except for special purpose vehicles. Local asset management companies must meet the relevant requirements within a transition period set by the provincial local financial regulatory authority, which begins from the date the measures take effect and generally does not exceed three years.