What are the four major asset management companies in China?

The four major asset management companies in China are China Orient Asset Management Company, China Cinda Asset Management Company, China Huarong Asset Management Company and China Great Wall Asset Management Company.

From 65438 to 0999, in order to dispose of the non-performing assets of the four major banks, the state established four asset management companies (AMC), namely Dongfang, Great Wall, Huarong and Cinda respectively, and Huarong docked the non-performing assets of ICBC. At that time, the Ministry of Finance provided huge capital for the four AMCs, and the central bank provided huge refinancing.

At the same time, four AMCs are allowed to issue meta-financial bonds with a fixed interest rate of 2.25% to the corresponding four major banks for purchasing the non-performing assets of the four major banks.

The preset life span of the Ministry of Finance for the four asset management companies is 65,438+00 years. Therefore, these four asset management companies knew that they would leave from the day they were born, which was somewhat tragic. It is not our initiative to set up an asset management company to deal with non-performing assets. In fact, it is also a kind of "takenism". We learn from America. The operating cycle of American asset management companies is about 8- 10 years, so there is a contract of 10 years.

In addition to the time limit, the four major asset management companies have two other restrictions, one is policy, and the other is to do one thing clearly and dispose of non-performing loans. So, looking back at that period now, it is called "policy business period", and its characteristics are:

1, the price and financing for the acquisition of non-performing assets are determined or arranged by the government.

2. Manage and dispose of non-performing assets according to the performance appraisal standards determined by the Ministry of Finance.

3. The losses arising from the acquisition and disposal of policy-related businesses shall be handled in the manner suggested by the Ministry of Finance and approved by the State Council.

The development history of the four major asset management companies;

1999-2004 During the five years, China's four major asset management companies and China Huarong accumulated non-performing assets such as ICBC at the original value. And in 2006, the cumulative disposal of policy non-performing assets, to complete the assessment objectives of the Ministry of Finance. The task is almost finished, so it's time to consider your own destiny. After all, no one wants to close the company directly when the 10 contract expires.