Study On The Selection Of Assets Disposal Methods In Assets Management Company

In order to handle the great non-performing assets of the state-owned commercial banks, China Cinda Asset Management Corporation has been established in Beijing on April 20^th, 1999, followed by China Orient Asset Management Corporation, China Great Wall Asset Management Corporation and China Huarong Asset Management Corporation. Four AMCs deal with the great non-performing assets of our four stated-owned commercial banks respectively. The four commercial banks are Industrial and Commercial Bank of China, China Construction Bank, Bank of China, Agricultural Bank of China. From that time on, Four AMCs began to dispose non-performing assets. Up to Jan.2007, Four AMCs successively declared that the dispositions of non-performing assets purchased in policy have been finished. In the past seven years, Four AMCs dispose non-performing assets add up to 1 210 billion. On the other hand, many deep contraventions and problems, especially the problem of disposal efficiency, has been formed during the past seven years. At present, non-performing assets that purchased commercially become central operations of our national AMCs. There are significant difference between non-performing assets that purchased commercially and non-performing assets that purchased in policy. The emphases of supervising, objectives of operating and exterior environment have been changed fundamentally.Therefore, the study starts with studying and probing the problems and difficulties faced with AMCs, appraising impersonally methods of assets disposal adopted by AMCs, and finally brings up the corresponding resolution.The study includes six parts. The first part demonstrates the goal, meaning of the research, the present state of domestic and overseas study as well as the main contents and methodology systematically. The next part reviews the theory of disposition of non-performing assets, analyzing the cause of formation of non-performing assets, illustrating the theory and methods on dispositions of non-performing assets, and summarizing dispositions of non-performing assets by AMCs. The third part studies methods on dispositions of non-performing adopted by foreign AMCs with compare analytical method. The forth part investigate all kinds of methods adopted by our national AMCs during the past seven years. The fifth part analyzes and classifies the attribute of assets disposal methods, advancing some suggestions on selection of assets disposal methods adopted by AMCs. The last part covers the forecasting and prospect of the issue, concluding the whole study and produces a list summing up all the innovative contributions.