Local asset management companies, also known as local AMC, are mainly engaged in the acquisition and disposal of non-performing assets. In the capital market, local asset management companies are ordinary enterprises of non-financial institutions, but they are real financial organizations at the regulatory level.
City investment company refers to an economic entity with independent legal personality, which is established by local government and its departments and institutions through financial allocation or injection of assets such as land and equity, and undertakes the financing function of government investment projects.