Legal basis: Article 23 of the Measures for the Administration of Financial Asset Investment Companies. With the approval of the the State Council Banking Regulatory Authority, a financial asset investment company may engage in some or all of the following businesses:
(a) for the purpose of debt-to-equity swap, acquire the creditor's rights of the bank to the enterprise, convert the creditor's rights into equity, and manage the equity; (2) Reorganizing, transferring and disposing of creditor's rights that cannot be converted into shares; (3) Investing in the equity of an enterprise for the purpose of debt-to-equity swap, and the enterprise will use all the equity investment funds to repay the existing creditor's rights; (4) Raise funds from qualified investors according to laws and regulations, and issue private equity management products to support the implementation of debt-to-equity swaps; (5) Issuing financial bonds. (six) through bond repurchase, interbank lending, interbank lending and other ways to integrate funds. ; (seven) the necessary investment management of its own funds and raised funds; Self-operated funds can be used for interbank deposits, loan trade, purchase of government bonds or other fixed-income securities, etc. ; And the raised funds shall be used in accordance with the agreed purpose of funds; (8) Financial consultation and consultancy services related to the debt-to-equity swap business; (9) Accept the supervision and administration of the State Council Banking.