Asset management usually refers to a kind of trust business of "entrusted by people to manage money on their behalf". In this sense, any institution or organization mainly engaged in this kind of business can be called asset management company, or AMC for short.
Under normal circumstances, commercial banks, investment banks, securities companies and other financial institutions carry out normal asset management business by setting up asset management business departments or establishing asset management subsidiaries. They belong to the first type of asset management business. Based on this normal asset management business, it is scattered in the business of commercial banks, investment banks, insurance companies, securities brokerage companies and other financial institutions.
Operating characteristics
(1) Policy guarantee is the prerequisite for the operation of asset management companies.
As the non-performing loans of the four major state-owned commercial banks mainly come from state-owned enterprises, their original intention is to acquire the non-performing loans of state-owned banks and manage and dispose of the assets formed by the acquisition of non-performing loans of state-owned banks.
(2) Market-oriented operation is the means for asset management companies to operate.
The specific ways for asset management companies to dispose of non-performing assets include: acquiring and operating non-performing assets divested by ICBC; Debt recovery, asset replacement, transfer and sale; Debt restructuring and enterprise restructuring; Debt-to-equity swap, phased shareholding and asset securitization; Listing recommendation and bond and stock underwriting within the scope of asset management; Guarantees within the scope of asset management; Direct investment; Issue bonds and commercial loans.
The above contents refer to Baidu Encyclopedia-Asset Management Company.