China 's Financial Asset Management Companies To Develop Strategy

1. Chief Introduction of the Financial Asset Management CompanyFrom the banking crises of American to the financial crises of Japanese, which is caused by the "bubble economy", from Russia financial unrest to Asia financial storm, it is obviously that all of the countries, no matter developed countries or developing countries or countries which is in economy shunt, have encountered with problems caused by the ill relationship between banks and enterprises, and problems of dealing with the mass of ill capital of banks in some historical period of their economic development. In order to prevent and eliminate financial risk, maintain the stabilization of financial system, it is necessary to establish special institutions and endow them with special rights and functions to manage, administer and treat with the ill capital that have been separated out. For instance, the Resolution Trust Corporation (RTC) of American, the "Special Workgroup" of Indonesian, the Financial Capital Management Corporation of Korea, and the Financial Recombine Office are institutions working on dealing with the ill asset in special. In nowadays, these institutions have got a name that is established by usage, namely Asset Management Company (AMC), or Financial Asset Management Company (FAMC). Through out this paper, it is named as Asset Management Company, AMC for short. Measures of economical, legal, and administrative are adopted in AMC to deal with the ill capital in banks.Make a comprehensive view of AMC in the world, the twoness of administrative main body and the market main body is the essential feature. On the one hand, herein the particularity of the role of AMC, the state would make some arrangement for the survival circumstance of AMC. As the coordinator of all kinds of advantage relationship andconflict in deep-seated, AMC have been endowed with special rights and functions, possessing some attitude of administrative main body.On the other hand, AMC, by no means, is a single administrative institution. From a view of world range, the bulk of AMC exist as company. Besides some special judicial measures, economic measures are adopted more frequently by AMC, taking full advantage of the market mechanism to deal with the ill capital as market main body.These essential features of AMC are basis and precondition of the discussion and analysis of the paper.2. Purpose of the paper: investigate the practical significance of the development strategies of AMC in China.(1) It is the necessary for ensuring the long-term benefit of AMC to institute the development strategies (a) The development strategy of AMC is the need of fitting the future competition. (b) The development strategy of AMC is the need of fitting the future changes of policy (2) It is the necessary for ensuring the long-term benefit of China to institute the development strategies of AMC (a) The development strategy of AMC is the guarantee of realizing the aims of China's policy.(b) The development strategy of AMC is self-perfect mechanism of the system of establishing the correlated policy.3. Chief introduction of the paper's content(1) Analysis of the exterior circumstance of AMC system in China(a)Analysis of the circumstance of AMC system in ChinaThe basic pattern of exterior circumstance of AMC system of China has been divided into seven dimensionalities: three historical missions,four basic functions, multi operation measures, limited existing time, multi-measures for guarantee, scattered regulatory regime and special status of a legal entity.Through analyzing the pattern of exterior circumstance of AMC system of China, three basic features and three obstacles of the regimes. Three basic features are as follows: the unification of multi task system and the kernel management target; the unification of legal system and special political guarantee in existence; the unification of administrative means as main body and market running measures.