Flower City, No1 greenhouse flower center, Qucha Street
1. Take bus No.25 (or 51), get off at civil aviation intersection station, walk 490 meters to Chajie No.1 flower market
2. Walk to Yongsheng Road station, take bus No.117, get off at Municipal Museum Station, walk 220 meters to Chajie No.1 flower market
3. Take bus No.80 (or 24, 44), get off at Shuanglong shopping mall station, turn to ring 111, and get off at Chajie station, Walk 50 meters to No.1 flower market, Cha street
The four major banks corresponding to the four asset management companies are: China Huarong Asset Management Company, China Great Wall Asset Management Company, China Oriental Asset Management Company and China Cinda Asset Management Company, which respectively receive the non-performing assets separated from instrial and Commercial Bank of China, Agricultural Bank of China, Bank of China and China Construction bank
extended information:
the four major asset management companies of China fiercely bid for the non-performing assets of CCB
China Cinda Asset management company won the total non-performing assets of China Construction Bank and Bank of China of 278.7 billion yuan at a discount of 30.5%
This week, the four asset management companies, Huarong, great wall, Dongfang and Xinda, launched fierce bids on the non-performing assets of the two pilot banks, CCB and BOC, the person said. Xinda won by virtue of the highest bid and good capital in the disposal of non-performing assetsthe report also reported in the financial times that the huge amount of non-performing assets obtained by Cinda were purchased by the central bank first and then auctioned. Xinda, which has obtained the disposal right, is likely to repackage these assets and sell some of them through further auction
This is the second divestiture of non-performing assets in China's banking instry since the four major asset management companies took over 1.4 trillion yuan of bad debts from the four major state-owned commercial banks in 1999. At the same time, since the end of last year, the state has injected US $45 billion into BOC and CCB to lend a helping hand againthe report also said that some of the assets stripped this time belonged to "off balance sheet claims", that is, the loss loans written off by the original owners' equity after the two banks obtained capital injection at the end of 2003. Although these non-performing assets are no longer shown in the bank's balance sheet accounts, the bank's claims on the borrower are still retained. Obviously, the new divestiture of non-performing assets is to rece the burden of the two banks' share reform and listing
(the address of Chajie flower market is at No.1 Chajie, Tuodong Road, Kunming. If you can't find it, you can call 114. Taxi drivers know it.)
China's four asset management companies, namely China Huarong Asset Management Co., Ltd., China Great Wall Asset Management Co., Ltd., China Oriental Asset Management Co., Ltd. and China Xinda Asset Management Co., Ltd., respectively receive non-performing assets separated from instrial and Commercial Bank of China, Agricultural Bank of China, Bank of China and China Construction Bank
China Huarong Asset Management Company should receive the non-performing assets of instrial and Commercial Bank of China
China Great Wall Asset Management Company should receive the non-performing assets of Agricultural Bank of China
China Eastern asset management company should receive the non-performing assets of Bank of China
China Xinda Asset Management Company should receive the non-performing assets of China Construction Bank
At present, companies also receive and dispose of non-performing assets of other financial institutions and non counterpart banks In 1999, in order to dispose of the non-performing assets of the four major banks, China established four asset management companies (AMC), namely Dongfang, Changcheng, Huarong and Xindaat that time, the Ministry of finance provided 10 billion yuan of capital for the four AMCs and the central bank provided 570 billion yuan of refinancing. At the same time, the four AMCs were allowed to issue 820 billion yuan of financial bonds with fixed interest rate of 2.25% to the four major banks, which were used to purchase 1.4 trillion yuan of non-performing assets of the four major banks
In August 2008, the Ministry of finance led the establishment of the "leading group for transformation and development of financial asset management companies" to promote the commercialization of asset management companiesThe four major asset management companies are China Huarong Asset Management Company, China Great Wall Asset Management Company, China Oriental Asset Management Company and China Cinda Asset Management Company. Huarong Asset Management Company should receive the non-performing assets of instrial and Commercial Bank of China; Great Wall Asset Management Company should receive the non-performing assets of Agricultural Bank of China; Dongfang asset management company should receive the non-performing assets of Bank of China; Xinda Asset Management Company should receive the non-performing assets of China Construction Bank
At present, companies also receive and dispose of non-performing assets of other financial institutions and non counterpart banks Background of the four asset management companies:
since 1990s, especially after the Asian financial crisis, governments have paid great attention to the problem of non-performing assets of financial institutions. China's state-owned commercial banks are an important part of the financial system and one of the main channels for raising, financing and allocating social funds. They have provided strong support for economic development for a long time, and their stable development must be guaranteed
Before the promulgation of the banking law in 1995, the state-owned banks operated in the mode of professional banks, and the credit business had a strong policy color. In addition, e to the influence of the overheated economy in the early 1990s, and in the process of economic transition, the state-owned banks lacked an effective internal mechanism and a good external environment in controlling the quality of loans, Thus, a certain scale of non-performing loans are proced Before 1993, banks had never drawn bad debt reserves and had not written off bad debt losses, which led to the accumulation of non-performing loans and the graal rise of financial risks, which became a major hidden danger in the economic operation. If it has not been solved, it may endanger the financial order and social stability, and affect China's next development and reform process