There are two types of asset management companies (AMC) in the international financial market: AMC engaged in "excellent" asset management business and AMC engaged in "bad" asset management business. The former has a wide extension, covering asset management departments or subsidiaries established by commercial banks, investment banks and securities companies.
Mainly for individuals, enterprises and institutions. The services provided mainly include account separation, partnership investment and unit trust. The latter is a financial asset management company, specializing in the disposal of non-performing assets divested by banks.
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Background of China Asset Management Company
1, international background.
(1) Economic and financial globalization and its crisis
Since the 20th century, various factors of production have gradually crossed national boundaries, constantly flowing freely around the world, and countries and regions have been continuously integrated into an inseparable whole. The rapid development of high-tech with IT as the core has not only broken through national boundaries, but also narrowed the distance between countries and regions, making the world economy more and more integrated.
(2) The root of the crisis: the huge non-performing assets of banks.
1997 after the outbreak of the Asian financial crisis, economists have studied the financial crisis from many angles. These studies have found that there are some similarities between countries with financial crisis and those before the crisis: the amount of non-performing assets of banks is huge.
The macroeconomic and microeconomic levels of crisis countries are relatively fragile, and the fragility of these fundamentals makes the economy of crisis countries bear pressure from two aspects. First of all, external pressure and huge short-term foreign debt, especially when used to make up the current account deficit, will make it difficult for the economy to maintain through sustained short-term capital inflows.
(3) Solving the banking crisis: the direct cause of AMC. In order to solve the banking crisis, governments, banks and international financial organizations have taken various measures to solve the huge amount of non-performing assets in the banking system and avoid the emergence of new non-performing assets.
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