Is China Cinda the first of the top four AMCs in China?

Yes, China Cinda Asset Management Company is the first four AMC companies in China. Founded on April 20, 1999,/kloc-0 is a wholly state-owned financial enterprise with independent legal personality, with a registered capital of 1000 billion yuan. The other three AMCs, namely China Oriental Asset Management Company, China Huarong Asset Management Company and China Great Wall Asset Management Company, were established on June1999+1October 65438 respectively, and received the non-performing assets of Bank of China, Industrial and Commercial Bank of China and Agricultural Bank of China. The establishment of these four AMCs is mainly to deal with the non-performing loans of the four major state-owned banks and China Development Bank, so as to resolve financial risks and promote the steady development of the banking industry.