Four major asset companies

Oriental Asset Management, Cinda Asset Management, Huarong Asset Management and Great Wall Asset Management are all financial holding groups with complete financial licenses such as banks, brokers, trusts and private leasing. The four major asset management companies, the four major AMCs, were established at the beginning in order to maximize the preservation of state-owned assets and prevent and resolve financial risks. The main business includes receiving or purchasing non-performing loans from four major state-owned banks, managing, investing and disposing of equity assets through debt-to-equity swaps, and doing bankruptcy management.

The origin of these four asset companies is 1999. With China's entry into WTO, the four major state-owned banks of industry, agriculture, China and China Construction have left many bad debts, which cannot be solved. After China's entry into WTO, these banks are burdened with a large number of debts or non-performing loans, making it difficult for them to compete with foreign banks. So in 1999, the state established four asset management companies: Cinda, Huarong, Great Wall and Dongfang. The four major asset management companies were originally established to deal with non-performing assets. With the development of society and the constant changes in the financial industry, they have also undergone commercial transformation.

AMC-the main business of the four major asset management companies is actually:

1. Disposal of non-performing assets.

2. Trust business.

3. Investment banking and direct investment business.

4. Credit rating.

5. The four AMCs all involve or plan to involve almost all financial fields, including banking, futures, financial leasing, insurance and fund management.