Debt Restructuring Of The Financial Asset Management Companies Discussed

To establish financial asset Management Company to deal with dead debts of bank is a substantial strategic decision made by the central government and State Council to maximize the assets collection and minimize the loss. Focus on this target, the assets management company carried out lots of effective actions in assets dealing through active exploring and diversified ways. Among them, debts reorganization has been taken as the main method and applied widely in assets dealing because of its advantages of flexibility in promoting of state-owned enterprises reform and lowering cost in assets dealing. In order to further improve the level of debts reorganization, regulate the procedure and strengthen the practical effect of assets reorganization, as a asset dealer, it is necessary for me to make a serious consideration and summary of the core assets dealing mode. Based on the introduction of basic characteristics of debts reorganization, combined with analysis of two cases (Southwest Glass Manufacture and Southwest Machinery Manufacture assets reorganization) the thesis puts forth the practical operation progress in assets reorganization and makes analysis on those experiences with wide recommendation value and those problems need to be noticed and studied. At last, I come up with the following consideration and suggestions:1. Since government, debtors and financial assets management company take different viewpoints in promoting enterprises re-organization, there is great differences in their performance policy and modes, which results in differentconcequences in re-organization action. The reorganization of those enterprises in debts should be driven by bank or financial assets management company on the basis and principle of equal transaction so as to realize the loss-sharing and benefits balance.2. Discussing the pricing mode of debts reorganization, summarizing the principle and method of debt assets evaluation, then put forward to suggestion on reasonable selection and application of evaluation method, application of evaluation results and correctly treating the difference between evaluation value and real one.3.Raise a complete set of credit policy by analyzing of reinforcing cooperation between bank and financial assets management company in debts reorganization The thesis includes 7 chapters: 1. Simple introduction to the background of the establishment of financial assets management, its operation target and general situation in accepting and dealing assets; 2. Introduce the classification of main methods exerted by financial assets management company and point out that its core business is debts reorganization.3. Analyze the advantages and classification of financial assets management company in debts reorganization business; 4. Introduce the necessary operational procedure in debts reorganization; 5. Analyze the case of Southwest Glass Manufacturer, point out that the reorganization must be negotiated on the basis of transaction principle by relevantparties so as to realize the loss-sharing; 6.Point out that the key factor in successful reorganization is effectively using of debt evaluation to determine pricing foundation; 7.Suggestions on those problems occurred in practical debts reorganization business.