我国金融资产管理公司现状及发展方向

The Status Quo and Development Direction of China's Financial Asset Management Companies

上世纪末,国家为了处置国有商业银行不良资产、促进国有银行和国有企业改革,先后成立了信达、华融、东方、长城四家金融资产管理公司。经过10多年的运营,银行资产质量显著改善,为改制上市和提升盈利能力创造了条件。新的时期,随着金融资产管理公司政策性使命的结束,四家资产管理公司已开始了商业化转型。其发展方向主要是以资产管理业务为主,开展以投资银行、金融租赁、担保、信托、期货等业务为依托的综合性金融业务,逐步向金融控股公司的目标迈进。

At the end of last century,China successively established four financial asset management companies （FAMC）, Xinda, Huarong, Dongfang, and Changcheng, for disposing of non-performing assets of SOCBs （State-Owned Commercial Banks） and promoting the reform of SOBs （State-Owned Banks） and state-owned enterprises. Over ten years of operation, the asset quality of SOCBs has been significantly improved, creating the condition for restructuring, going public, and for enhancing the profitability. In the new era, with the end of their policy mission, the four asset management companies start a commercial transformation process. They focus on asset management and take investment banking, financial leasing, guarantees, trusts and futures as a supplement, gradually stepping forward with ~he goal to turn into financial holding companies.