Asset management companies in China came into being in 1998. The founding of commercial Asset management companies (AMC; Chinese: 金融资产管理公司) established by the Ministry of Finance tasked with professionally managing third-party assets was a major landmark in the development of China's financial system. It marks a transition in Chinese regulation away from an unregulated environment toward a system where specialist companies started to operate according to a defined set of standards and regulations.

Development of AMCs

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From 1998 to 1999, the Chinese government created 10 AMCs[1] in China. 4 as bad banks,[2] one for each of the four commercial state-owned banks. and 6 Fund management companies. As of 2018 there are over 130 asset management companies in china, with a combined US$2 billion in assets under management.[1]

The original asset management companies include:

Other AMCs that were established later on include:

See also

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References

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  1. ^ a b "Asset Management in China - KPMG Global". KPMG. 2022-07-06. Retrieved 2022-07-07.
  2. ^ Engbith, Lily S. (2021) "China: 1999 Asset Management Corporations," The Journal of Financial Crises: Vol. 3 : Iss. 2, 485-496. Available at: https://elischolar.library.yale.edu/journal-of-financial-crises/vol3/iss2/23
  3. ^ ":::财通天下 智融长城——中国长城资产管理公司:::". Gwamcc.com. Retrieved 2013-08-21.
  4. ^ "中国东方资产管理公司". Coamc.com.cn. Archived from the original on 2013-08-28. Retrieved 2013-08-21.
  5. ^ "Home". cindamc.com.cn.
  6. ^ "华融首页". Chamc.com.cn. Retrieved 2013-08-21.
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