The business scope of general asset management companies is: investment management, enterprise management and entrusted asset management; Investment consultant; Equity investment; Enterprise assets reorganization, merger and acquisition and project financing; Financial adviser; Entrusted management of equity investment funds; Domestic trade; Invest in industry. (Except for projects prohibited by laws, administrative regulations and the State Council, restricted projects can only be operated after obtaining permission).
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Financial asset management companies have special functions in China's financial industry. During the period of 1999, four major financial asset management companies were established one after another. Their function orientation is to act as counter-cyclical management tools, financial "stabilizers" and risk "firewalls", and their main mission is to resolve financial risks. It is precisely because of the functional positioning at the beginning of its establishment that the profitability function of AMC at this stage is not outstanding.
After 2005, the policy disposal of non-performing assets came to an end, and financial asset management companies began to develop into independent financial enterprises. In recent years, with the acceleration of interest rate marketization, the asset management industry represented by financial asset management companies has set off a new wave of rapid development and profitability improvement, and officially entered the "big asset management era".
HowNet —— Research on innovative profit model of financial asset management companies under the background of "big asset management"
Baidu encyclopedia-asset management company