• <abbr id="ck0wi"><source id="ck0wi"></source></abbr>
    <li id="ck0wi"></li>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li><button id="ck0wi"><input id="ck0wi"></input></button>
  • <abbr id="ck0wi"></abbr>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li>
  • Home >

    The Diversification Of China'S Four Largest Asset Management Co

    2011/7/22 14:52:00 60

    Diversification Of Asset Management

    In 1999, China's four largest state-owned banks began to set up Asset Management Co to carry their bad loans. These new Asset Management Co have a mission to sell these troubled assets as much as they can, or to recover funds from these troubled assets. They themselves have been given 10 years of life and will be quietly closed afterwards.


    These Asset Management Co are destined to become footnotes and testimonies of an era. In that era, banks, including China Construction Bank, ICBC (ICBC), Bank of China (Bank of China) and Agricultural Bank of China (Agricultural Bank of China), are the wings of the state, serve the country and issue loans according to the national order. If the loan is out of order, the responsibility will be borne by the state rather than the banks themselves.


    That may be the original plan, but it is planned. Execution process China has gone the same way.


    In the early days of these debt disposal institutions, including China's China Cinda Asset Management, China Huarong Asset Management Co (China Huarong Asset Management), China the Great Wall China (China Great Wall China) and Wall (Cinda), some foreign investors flocked to Beijing hoping to purchase bad loans from these companies at an ultra-low discount price, but were disappointed to find that they were obviously unwilling to sell.


    "The sooner they deal with these loans, the faster they give themselves. Dig the grave Why do they want to die? " A permanent banker in Hongkong said. The banker has extensive business contacts with these Asset Management Co.


    Now it seems that the initial reluctance to sell these bad loans is foresight, because many of the state-owned enterprises that borrow money are booming now, enabling Asset Management Co to extend their life expectancy.


    By selling loans, collecting interest on loans and Debt to equity swap In other ways, these Asset Management Co have now recovered a lot of money and have launched extensive financial operations.


    After the beginning of the unlucky starting point, the four Asset Management Co went far away from the original intention of dealing with bad debts and turned themselves into "quasi quality" investment banks. They all have multiple business platforms, which may include leasing, securities brokerage, real estate and trust, to help them diversify.


    According to those who have dealings with these Asset Management Co, XinDa and Huarong are farthest away on this road. XinDa is the Asset Management Co of CCB, and Huarong is the platform established by ICBC.


    According to 4 people familiar with the matter, XinDa, founded more than ten years ago to deal with the bad loans of China Construction Bank, is looking for at least one strategic investor. This is the prelude to the company's first coming to Hongkong next year.


    For example, as of December 2006, Huarong had the right to deal with 400 billion yuan debt owed by 4 000 borrowers. These enterprises are diverse, including Steel Corp, power equipment manufacturers, materials companies, electronics manufacturers and car companies. According to a memorandum for potential investors in October 2005, the company also "reclaimed real estate and other physical assets, including land use rights, commercial real estate, construction and equipment", some of which were sold to state-owned enterprises and private enterprises. According to information from the company's website, Huarong also owns 300 companies. Some of them have been listed, so they have more financial resources to fulfill their obligation to repay loans.


    Although the four Asset Management Co are large and expanding rapidly, for example, XinDa has many branches and thousands of employees, but they are still not very spanparent. Red Capitalism co-author Carle Carl (Carl Walter) said that these Asset Management Co belonged to the government, and from the moment the bad loans were stripped out of the bank balance sheet, the flow of funds between the government and these Asset Management Co is still not fully spanparent. Voight has tried to track the flow of funds.


     

    • Related reading

    "Four Unification" To Enhance The Management Level Of State Assets

    asset management
    |
    2011/7/21 13:36:00
    50

    In The Shock Market, The Advantages Of The Securities Asset Management Plan Appear.

    asset management
    |
    2011/7/21 13:35:00
    65

    More And More Insurance Companies In Asia Are Outsourcing Asset Management.

    asset management
    |
    2011/7/18 13:37:00
    77

    Orient Red Asset Management: Looking For Investment Targets With Growth Certainty

    asset management
    |
    2011/7/18 13:35:00
    71

    Bank Of Communications Schroder Fund: Asset Management Industry Is A Stage For Believers.

    asset management
    |
    2011/7/18 13:28:00
    63
    Read the next article

    2011 China International Footwear Exhibition (CIFF)

    2011 China International Footwear Exhibition (CIFF) September 2011, 6-8, Shanghai, China.

    主站蜘蛛池模板: 成人免费区一区二区三区| 欧美一级专区免费大片| 在线观看免费大黄网站| 免费人妻无码不卡中文字幕系 | 80s国产成年女人毛片| 激情国产白嫩美女在线观看| 女人张开腿让男人桶个爽| 国产浮力影院在线地址| 亚洲人成色77777在线观看| 北岛玲日韩精品一区二区三区 | 亚洲精品无码不卡在线播放| 99国产精品久久久久久久成人热| 激情黄+色+成+人| 国产限制级在线观看| 亚洲婷婷综合色高清在线| 美女张开腿让男人桶的动态图| 欧美性另类高清极品| 国产毛片哪里有| 久久国产精品久久久久久| 蜜桃视频在线观看官网| 我的娇妻acome| 国产精品xxx| 久久无码精品一区二区三区| 色就色欧美综合偷拍区a| 岛国片免费在线观看| 国产AV人人夜夜澡人人爽麻豆 | 怡红院成人在线| 日韩精品一区二区三区中文精品| 国产乱码精品一区二区三区四川人| 中文字幕欧美亚洲| 要灬要灬再深点受不了好舒服 | 目中无人在线观看免费高清完整电影| 在线观看你懂得| 亚洲va在线∨a天堂va欧美va | eeuss影院免费直达入口| 欧美日本韩国一区二区| 国产影片中文字幕| 中文国产成人精品久久不卡| 狠狠干.com| 国产欧美日韩一区二区三区| 久久中文字幕视频|