资产管理公司利用外资处置不良资产的若干问题

Several Issues on the Disposal of Bad Assets by Asset Management Companies through Foreign Capital

利用外资,特别是与国际超大型投资银行合作,对于四大资产管理公司处置不良资产具有战略意义。在四大资产管理公司利用外资的实践中,所运用的金融工具主要是出售和资产证券化。其中,资产证券化在国内是一种全新的金融工具。要让外资在资产管理公司处置不良资产的过程中发挥更大的作用,相关法规、政策还有一些亟待完善的地方。

Utilizing foreign capital, especially cooperating with international supergiant investment banks, is of strategic importance to the disposal of bad assets by the four big asset management companies. The financial instruments used by them in utilizing foreign capital are mainly selling out and asset-backed securitization. The latter is a whole new financial instrument in China. In order that foreign capital can play a greater role in the disposal of bad assets by asset management companies, related laws and policies need to be improved.