Great Wall Pan Asia Holdings Limited (“GWPA”) is the first holding platform listed overseas of China Great Wall Asset Management Co., Ltd. (“GWAMCC”), which is one of the four major state-owned financial asset management corporations in the People’s Republic of China. GWAMCC was co-initiated and co-founded by the Ministry of Finance of the People’s Republic of China, the National Council for Social Security Fund and China Life Insurance Group Company on 11 December 2016, with a registered capital of RMB 43.15 billion. Its predecessor was China Great Wall Asset Management Corporation founded in 1999 under the approval of the State Council of the People’s Republic of China. Business of GWAMCC is comprised of non-performing assets business, asset management, banking, securities, insurance, trust, leasing, investment, etc. Currently, the service network of GWAMCC covers 30 provinces, autonomous regions, municipalities and the Hong Kong Special Administrative Region.
The Company and its subsidiaries (collectively the “Group”) continues to develop principal business in property investment. In the meantime, the Company actively expands the financial business by leveraging the solid foundation and strengths that GWAMCC has formed in Hong Kong and Mainland China. The Group possesses Type 1, 4, 6, 9 licences under the SFO and the money lenders licence, starting accomplishing the strategic objectives of transforming the Group into a conglomerate with businesses in property investment and integrated financial services. Besides, the Group continues to enhance its potential long-term growth by suitable diversification of its businesses, thereby generating favourable investment returns to our shareholders.