1. China Great Wall Asset Management Company received the non-performing assets of China Agricultural Bank.
2. China Cinda Asset Management Company receives the non-performing assets of China Construction Bank and China Development Bank.
3. China Huarong Asset Management Company received the bad assets of China Industrial and Commercial Bank.
4. China Orient Asset Management Corporation received the bad assets of China Bank.
The four major asset management companies are financial asset management companies specializing in handling non-performing assets of financial institutions, and hold financial institution licenses issued by the China Banking Regulatory Commission. You can purchase non-performing loans from state-owned banks and manage and dispose of assets formed by purchasing non-performing loans. Financial asset management companies take preserving assets to the maximum extent and reducing losses as their main business objectives. In asset management and disposal, you can engage in debt recovery, asset leasing or other forms of transfer, reorganization and other activities. Financial asset management companies shall manage and dispose of assets in accordance with the principles of openness, competition and merit. When transferring assets, bidding, auction and bidding are mainly adopted.