The Research On The Government's Position Of Function In The Operation Of The Asset Management Corporation Of China

Since the foundation of the four state-owned asset management corporations (AMC) of China in 1999, more than 700 billion RMB non-performing asset have been disposed by auction, restructuring etc. The action not only straightly reduced the burden of stated-owned banks but also alleviated the country's financial tension. With the experience of foreign AMC, the thesis analyzed the effect of Chinese government in the AMCs' operation and discussed its position in the six years' development of AMCs.The paper consists of five chapters. The first is an introduction that introduces the meaning of non-performing asset, the background of the establishment the AMCs of China, the purpose on the research of the paper, the significance and the way of research. The second depicts carefully normal characters and current operation of AMCs by integrating theories both in China and abroad, and analyzes a government's function in the AMCs. The third retrospects the success and failure of the government in which includes sum-up of good experience and analysis of difficulty. The fourth introduces excellent foreign AMCs and fully discusses their reasons of triumph as well as the inspiration to China. The fifth chapter probes into our government's position of function in the operation of AMCs of China by the combination of China and other countries' experience on the base of the third and fourth chapters. The final chapter is a conclusion.