Can a licensed local amc set up a subsidiary to acquire non-performing assets?

AMC, an asset management company, and CBRC have made it clear that only one local AMC can be established or authorized in each province to carry out non-performing asset management business, so a company with AMC license is equivalent to the government giving him the right to dispose of non-performing assets.

At present, Cinda, Dongfang, Huarong and Great Wall are four well-known asset management companies. Of course, financial institutions that cooperate with it will also benefit. Individual investors can also pay attention to such institutions, such as the investment products for the disposal of non-performing assets launched by Jiafeng Reid.