Four major asset management companies

China Great Wall Asset Management Company, China Cinda Asset Management Company, China Huarong Asset Management Company and China Orient Asset Management Company

Financial asset management companies can acquire non-performing loans, Manage and dispose of assets resulting from the acquisition of non-performing loans. Financial asset management companies aim to maximize asset preservation and reduce losses as their main business objectives. When managing and disposing of assets, they may engage in activities such as debt recovery, asset leasing, or other forms of transfer and restructuring. Financial asset management companies shall manage and dispose of assets in accordance with the principles of openness, competition, and merit selection. When transferring assets, they shall mainly adopt methods such as bidding, auction, and competitive bidding.

The country paid for the final loss.