China Orient Asset Management Corporation Transition Strategy And Implementation

After the Asia financial storm, the ill asset of financial business has become the chief matter that endangers the safety of all countries'financial systems. In order to relieve the financial risk caused by substantive ill asset in the banking, the China government successively set up four Asset Management Corporations in 1999, to technically dispose the ill asset in the four state business banks. China Orient Asset Management Corporation, COAMC), which is one of the four Asset Management Corporations, in the past six years since its foundation, has disposed ill asset adds up to 202.5 billion yuan up to the end of 2006. The asset disposal rate is 85.96%, and the money taken back is 32.672 billion yuan. COAMC has accomplished 113% task of aim of taking back the money assigned by the financial department. The remained ill asset is relatively harder to be disposed and lesser money will be taken back. It can be forecasted that the remained ill asset will be finished disposing in three years. To continually develop the corporation, the strategic convert is imperative under the situation. After the history command of disposing the ill asset from the Chinese banks which is assigned by the state has been accomplished, how COAMC should see over the opportunity of development and the problem that exists in front of the current financial situation? Which way to choose and how to programming the developing direction of COAMC? How to change and adjust the business developing strategy in good time and in right way, so that to conduce the conversion of commercial business of the corporation successfully? It has become the pressing matter of the existing and developing of the corporation.This article analyzes the actuality of COAMC and the surroundings and its position, and analyzes by demonstration and comparative research that the background of the running of COAMC, the basic of running of COAMC, the running mode of COAMC, the developing aim of COAMC and the measure of strategic convert, on the basic of the above discusses the history and the future of COAMC primarily, and probes into the strategic convert of COAMC and the means by the way of theoretics and applications.By the analyses of the economic and social growing background of our country and the financial situation, it is considered that today is the best time for COAMC to make for strategic convert and continue to develop. The corporation is now on the edge of strategic convert to the commercial business, to continually develop the corporation, the strategic convert to commercial business is imperative under the situation. The author started from this point, investigate and research deeply into various lays of the corporation, refer to the specialists, collect information comprehensively and use for reference, and then analyze the management and disposal way of ill asset in our country, and by this way analyze the effect of the state economic running, the development of the market, the potential requirement, the competitive circumstance and the resource to the direction of strategic convert of the corporation and the means. This article synthesizes the advantage and disadvantage of the corporation, and finally ascertains the direction of strategic convert of COAMC in reason, and brings forward the measure and advice for strategic convert.The author gropes for"where to convert","how to convert","what's the stress"of COAMC, synthesizes the actual situation of COAMC, thinks over the outer circumstance and the inter advantage and disadvantage of the corporation, audaciously designs the direction and means of the strategic convert to COAMC that accords with the corporation's condition, and brings forward the detailed measures. This article is well worth of theoretic research and is of impending practical significance for COAMC.