After the Asian financial crisis, China established China Huarong Asset Management Company, China Great Wall Asset Management Company, China Oriental Asset Management Company and China Cinda Asset Management Company on 1999 to acquire, manage and dispose of some non-performing assets of ICBC, ABC, BOC and CCB respectively. After more than ten years of operation, the policy disposal task of China's financial asset management companies has been basically completed, and now it has begun to gradually transform into commercial institutions.