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 respectively receive the non-performing assets divested by China Industrial and Commercial Bank, China Agricultural Bank, China Bank and China Construction Bank.

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, and are no longer limited to acquiring the non-performing assets of the above banks.

Extended Information China Huarong Asset Management Co., Ltd. was established in Beijing on the morning of 201210/2, with Lai as the chairman, Ke Kasheng as the president and Sui as the supervisor. China Huarong Asset Management Co., Ltd. is a non-bank financial institution approved by the State Council and initiated by the Ministry of Finance and China Life Insurance Group (Company).

China Great Wall Asset Management Co., Ltd. (hereinafter referred to as "China Great Wall Asset") was established on 2016 65438+February 1 1 with a registered capital of 4365438+500 million yuan, which was jointly funded by People's Republic of China (PRC), Ministry of Finance, National Social Security Fund Council and China Life Insurance (Group) Company.

The predecessor of China Oriental is China Oriental Asset Management Corporation, which was established in June 1999+00. Established jointly by the Ministry of Finance and the National Social Security Fund Council, it is a large state-owned non-bank financial institution approved by the State Council. Since the establishment of 1999, Dongfang Company has been mainly engaged in the acquisition, management and disposal of non-performing assets and the custody of venture financial institutions, and has been actively committed to commercial transformation in recent years.

China Xinda Asset Management Co., Ltd. is a wholly state-owned financial enterprise with independent legal personality approved by the State Council. The business scope of China Xinda Asset Management Co., Ltd. includes: acquiring and operating non-performing assets in local and foreign currencies divested by financial institutions; Recover local and foreign currency debts; Assets formed by non-performing loans in local and foreign currencies that are leased, transferred or reorganized in other forms.

Baidu Encyclopedia -—amc (Asset Management Company)