What asset management companies are there in China?
Four asset management companies in China. The main task of an asset management company is to acquire, manage and dispose of non-performing assets stripped by commercial banks, and its main business objective is to preserve assets to the maximum extent and reduce losses. China Orient Asset Management Corporation, China Cinda Asset Management Corporation, China Huarong Asset Management Corporation and China Great Wall Asset Management Corporation, among which China Orient Asset Management Corporation received the non-performing assets of China Bank, China Cinda Asset Management Corporation received the parts of China Construction Bank and China Development Bank, China Huarong Asset Management Corporation received the parts of China Industrial and Commercial Bank, and China Great Wall Asset Management Corporation received the non-performing assets of China Agricultural Bank. But now the company also accepts and disposes of the non-performing assets of other financial institutions and non-counterpart banks.