Research on the Innovation of Local Asset Management Companies Development Path in China

Abstract

China’s economy is in the phase of “three-phases superimposed”, and the GDP growth continues to decline, leading to the “double rise” of the amount of non-performing assets and the ratio of non-performing assets. Through the acquisition and disposal of non-performing assets, AMC (Asset Management Companies) defused the risks of financial institutions and maintained and promoted economic development. It is worthy of the name of “fire brigade” and “firewall”. At present, the pattern of non-performing assets market has gradually developed from the original “Four Major AMC” oligopoly market to the diversified pattern of “5+2+AIC+N”. AMC has gradually entered the market “perfect competition” state. In this paper, through literature analysis, comparative analysis, investigation, interview method and the method of combining qualitative analysis with quantitative analysis, the innovation of Chinese local AMC create differentiation development and optimization of path are proposed, complement and perfect the theory of innovation and development of AMC, for the development of Chinese local AMC practice to provide some valuable reference. Research on the Innovation of Local Asset Management Companies Development Path in China Download