China's Asset Management Corporations

@article{Fung2002ChinasAM,
  title={China's Asset Management Corporations},
  author={Ben Siu Cheong Fung and Guonan Ma},
  journal={BIS Working Papers Series},
  year={2002}
}
To address the banking system's non-performing loan (NPL) problem, the Chinese government set up four asset management corporations (AMCs). They were to buy up bad debts of the big four state-owned commercial banks and dispose of them over 10 years, taking a large step towards NPL resolution. But in their first two years, these AMCs have made only a limited contribution to resolution of the NPL problem. They have taken over less than half of the NPLs at the big four banks. In addition, while… 

Using asset management companies to resolve non-performing loans in China

To address the banking system’s non-performing loan (NPL) problem, the Chinese government set up four asset management corporations (AMCs). They were to buy bad debts from mainly the big four

China's Nonperforming Loans: A $540 Billion Problem Unsolved

China’s banking industry has grown rapidly over the past three decades. As the major source of funding for Chinese enterprises (especially state-owned enterprises), the banking sector has helped

China's Banking Reform: An Assessment of its Evolution and Possible Impact

The Chinese banking system, characterized by massive government intervention, poor asset quality and low capitalization, has started a reform process based on three main pillars: (i) bank

Group-Decisions, Economic Policy and the Resolution of Non-Performing Loans

Non-performing Loans (NPLs) have international ramifications because many banks operate in several countries and NPL-resolution related laws enacted in their home countries affect their foreign

China’s banking reform: An assessment of its evolution and possible impact

The Chinese banking system, characterized by massive government intervention, poor asset quality and low capitalization, has started a reform process based on three main pillars: (i) bank

Overhauling China's financial stability regulation

China faces a number of important financial-stability risks. A persistent feature of the Chinese banking sector is the rapid formation of non-performing loans (NPLs) during each business cycle.

Hidden Non-Performing Loans in China

We study non-performing loan (NPL) transactions in China using proprietary data from a leading market participant. We find these transactions – driven by tighter financial regulation – are consistent

Overhauling China’s Financial Stability Regulation: Policy Riddles and Regulatory Dilemmas

Abstract China faces a number of important financial-stability risks. A persistent feature of the Chinese banking sector is the rapid formation of non-performing loans (NPLs) during each business

Non-Performing Loans: Affecting Factor for the Sustainability of Vietnam Commercial Banks

Non-performing loans are becoming the main factor influencing the sustainability of Vietnam’s financial system. In order to enforce the financial system in general and the banking system in

CHINESE BANK'S CREDIT RISK ASSESSMENT

This thesis studies the Chinese banks’ credit risk assessment using the Post Keynesian approach. We argue that bank loans are the major financial sources in emerging economies and it is uncertainty,
...

References

SHOWING 1-10 OF 41 REFERENCES

Heading off China’s financial crisis

Systemic banking problems arise as a result of three possible sources. They can in fact all come together to make a very bad story much worse. First, finance is repressed with directed lending and

China's unfinished economic revolution

China's Unfinished Economic Revolution offers a fundamentally different interpretation of China's economic reform. The common view that China's gradualistic approach has served it well overlooks the

Financial Restructuring in Banking and Corporate Sector Crises: What Policies to Pursue?

We review the literature on resolving bank and corporate sector crises to identify government policies that affect the depth of a crisis and the ease and sustainability of recovery, and to analyze

The challenge of bank restructuring in China

Creating a modern financial system is essential if China is to meet the central goal of its economic reform program – improving the efficiency with which capital is allocated and utilised. In the

Lessons from Systemic Bank Restructuring: A Survey of 24 Countries

In recent decades, a wide range of countries have experienced banking problems. Their approaches to systemic bank restructuring have varied substantially. This paper analyzes a representative sample

The macroeconomy and reform of the banking sector in China

First of all, it is useful to put the Chinese economy into the proper context. Chinese GDP and GDP per capita in 1998 were, at market exchange rates, US$960 billion and US$770 respectively. In

Financial Sector Crisis and Restructuring Lessons from Asia

This paper reviews the policy responses of Indonesia, Korea, and Thailand to the Asian crisis that erupted in 1997 and compares the actions of these three countries with those of Malaysia and the

speech at the Beijing 2001 NPL Forum

  • speech at the Beijing 2001 NPL Forum
  • 2001

Regulations on financial asset management corporations, Executive Order no 297 of the State Council of the People's Republic of China

  • Regulations on financial asset management corporations, Executive Order no 297 of the State Council of the People's Republic of China
  • 2000

From debt-equity swap to equity-cash conversion

  • China Finance (Zhongguo Jinrong)
  • 2001