The main purpose of China's financial asset management companies is to acquire the non-performing loans of wholly state-owned commercial banks and manage and dispose of the assets formed by the acquisition of non-performing loans of wholly state-owned commercial banks.
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 an asset management company.
A bank is a legally established financial institution engaged in monetary and credit business.
Two. Financial asset management companies can engage in the following business activities when purchasing assets formed by non-performing loans of state-owned banks within the scope of managing and disposing of non-performing loans of state-owned banks ().
A, B, C and D
Third, the nature of the asset management company? How to operate?
A class of asset management companies that carry out normal asset management business have no financial institution license; The other is a financial asset management company that specializes in dealing with non-performing assets of financial institutions and holds a financial institution license issued by the China Banking Regulatory Commission.
Category I non-financial asset management companies
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 businesses of commercial banks, investment banks, insurance companies and securities brokerage companies.
The second category of financial asset management companies
It is an international practice to set up financial asset management companies to manage and dispose of non-performing assets of banks.
China Financial Asset Management Co., Ltd. is a wholly state-owned non-bank financial institution established by the decision of the State Council to purchase non-performing loans of wholly state-owned commercial banks and manage and dispose the assets formed by purchasing non-performing loans of wholly state-owned commercial banks. Financial asset management companies take preserving assets to the maximum extent and reducing losses as their main business objectives, and independently bear civil liabilities according to law. At present, there are four asset management companies in China, namely, China Huarong Asset Management Company, China Great Wall Asset Management Company, China Oriental Asset Management Company and China Cinda Asset Management Company, which receive the non-performing assets stripped by China Industrial and Commercial Bank, China Agricultural Bank, China Bank and China Construction Bank respectively. China Cinda Asset Management Company was established in April of 1999, and the other three companies were established in June of 1999+00 respectively. Since 2007, the four major financial asset management companies have begun to operate commercially, not only to acquire the non-performing assets of the above banks. 20 10 "Guo Xin Asset Management Company" has been officially approved by the State Council. With the State Council's reply to the reform plans of the original four financial asset management companies, the reform and development of 20 10 China Financial Asset Management Company will be further deepened.