China Orient Asset Management Co., Ltd., referred to as "China Orient Asset Management", is a large state-owned non-bank financial institution led by gwy to deal with the non-performing assets of state-owned banks.
Popularize the basic concept-bad assets.
In fact, non-performing assets have a wide range of meanings. All irrecoverable and estimated irrecoverable assets can be regarded as "bad" and owned by banks, governments and enterprises. The non-performing assets of banks are also called non-performing debts, the most important of which is non-performing loans, that is, loans that borrowers have not yet repaid. We know that bank loans of enterprises always have collateral. How to reduce losses? Collateral can be sold.
With the rapid development of economy and the continuous transformation of economic structure, more and more enterprises are unable to pay the bank's funds or even go bankrupt, and banks will inevitably produce a large number of non-performing assets, such as movable property and real estate. How to deal with these bad assets? Twenty years ago, banks and above realized this and AMC came into being.
Gwy led the establishment of four asset management companies (four AMCs), and the Ministry of Finance, as the sole shareholder, contributed 654.38 billion yuan to each company. At the same time, the non-performing assets of the workers' and peasants' diplomatic relations bank were directly transferred to the four AMC "free of charge". Orient Asset Management Company is one of the four major asset management companies.