2. China Cinda Asset Management Co., Ltd. correspondingly receives the parts of China Construction Bank and China Development Bank.
3. China Huarong Asset Management Co., Ltd. received the part of China Industrial and Commercial Bank accordingly.
4. China Great Wall Asset Management Company correspondingly received the non-performing assets of China Agricultural Bank.
The so-called Big Four here refers to the four state-owned asset management companies (AMC): Dongfang, Great Wall, Cinda and Huarong. Some media will call them bad banks when they are mentioned, which is naturally because their main function at the beginning of their establishment is to deal with non-performing assets.