China'sfourmajorassetmanagementcompanies.Themaintaskofassetmanagementcompaniesistoacquire,manage,anddisposeofnon-performingassetsdivestedbycommercialbanks,withtheprimarybusinessobjectivebeingtopreserveassetstothemaximumextentandminimizelosses.ThefourmajorassetmanagementcompaniesinChinaareChinaOrientAssetManagementCorporation,ChinaCindaAssetManagementCorporation,ChinaHuarongAssetManagementCorporation,andChinaGreatWallAssetManagementCorporation.
ChinaOrientAssetManagementCorporation,alsoknownas"ChinaOrient,"isacentralfinancialenterpriseestablishedwiththeapprovaloftheStateCouncil,jointlyinitiatedbytheMinistryofFinanceofthePeople'sRepublicofChinaandtheNationalSocialInsuranceFundCouncil.
ChinaCindaAssetManagementCorporation,abbreviatedas"ChinaCinda,"isastate-ownedfinancialassetmanagementcompanyinChina,foundedinthe1990saspartofthecountry'sstate-ownedenterprisereform.
ChinaHuarongAssetManagementCorporation,alsoknownas"ChinaHuarong,"isoneofthefourmajorassetmanagementcompaniesinChina,providingservicesrelatedtodistressedassetdisposalandmanagement.
ChinaGreatWallAssetManagementCorporation,commonlyreferredtoas"ChinaGreatWall,"isanotherkeyplayerintheChineseassetmanagementindustry,specializinginacquiringandmanagingnon-performingassets.
TheassetmanagementindustryinChinaispoisedforgrowth,drivenbythecountry'seconomicdevelopmentandongoingfinancialreforms.Withincreasingdemandforprofessionalassetmanagementservices,thefourmajorassetmanagementcompaniesareexpectedtoplayacrucialroleinmanagingandoptimizingfinancialassetsforvariousinstitutionsandinvestors.