Research About Bad Assets Disposal Business Model Of H Asset Management Company

To solve the problem of non-performing assets of the banking system and prevent financial risks, based on international experience, four state-owned assets management corporations which have legitimate rights to dispose the non-performing assets were set up. After more than ten years of operation, the policy-based financial institutions in the acceleration phase of business transformation have accomplished the historical missions. Business model innovation as the key to the transformation of the company, determines the success of the transformation of the asset management company and the long-term sustainable development after the success of the transformation, which has far-reaching impact on the stability and development of China's financial system.The paper firstly reviews the related research and the development of the asset management company. Then, it analyzes the characteristics of the mode of disposing non-performing assets, such as debt-to-equity swap, asset sale, bankruptcy liquidation, acquisition and restructuring, the problems and their causes in the process of implementing the mode of disposing non-performing assets. On this base, analyzes the advantages of resources and the opportunities of development for H assets management company, discuss on the direction to innovation of the mode of disposing non-performing assets, puts forward the overall idea that integrated financial services system which rely on" small platform, big backstage" carries out the business innovation. At the end of the paper, it puts forward the competitive edge of taking advantage of the strategic position of the H assets management company financial holding group and multiple qualifications, by means of the structured trust, develop the design of investment amplification mode and assets financing model which combined with the structured trust and establish real estate fund business model. Desirable to provide a reference for asset management companies develop innovative business models of non-performing assets.