Ma, Guonan; Fung, Ben S. C. - In: Journal of Financial Transformation 18 (2006), pp. 161-169
To address the banking system’s non-performing loan (NPL) problem, the Chinese government set up four asset management corporations (AMCs). They were to buy bad debts from mainly the big four state-owned commercial banks and dispose of them over 10 years, taking a large step towards NPL...