General Members

General Members



Name of Institution
China Cinda Asset Management Co., Ltd.

Country
People's Republic of China (PRC)

Institution at a Glance
China Cinda Asset Management Corporation, the predecessor of the Company, was the first asset management company established in April 1999 pursuant to approval of the State Council to tackle the financial crisis and maintain the stability of the financial system as well as to facilitate the reform of state-owned banks and enterprises. In June 2010, China Cinda Asset Management Corporation was reorganized to establish China Cinda Asset Management Co., Ltd. In April 2012, China Cinda received investments from four strategic investors, namely the National Council for Social Security Fund of the PRC, UBS AG, CITIC Capital Holdings Limited and Standard Chartered Bank. On December 12, 2013, China Cinda was successfully listed on the main board of Hong Kong Stock Exchange and became the first asset management company in China listed on the international capital market.

China Cinda has 32 branches in China and eight wholly-owned or non-wholly-owned tier-one subsidiaries, providing asset management and financial services in China and Hong Kong, such as securities, funds and futures, life insurance, property insurance and financial leasing. As at June 30, 2015, China Cinda had about 18,900 employees. 

The principle business segments of China Cinda include: (1) distressed asset management business; (2) financial investment and asset management business; and (3) financial services business such as securities and futures, trusts, financial leasing, fund management and insurance. Our business strategy is to continue to develop and refine our differentiated business model and to deliver sustainable and competitive returns to our shareholders through further consolidating and extending our leadership in the distressed asset management sector, actively developing our asset management business and operating our diversified business platforms synergistically. 

In the first half of 2015, the net profit attributable to equity holders of the Company amounted to RMB 7823.8 million, representing an increase of RMB 2527.8 million, or 47.7%, as compared with the same period of the previous year. 

Shareholders 
  • Ministry of Finance
  • National Council for Social Security Fund
  • UBS AG
  • CITIC Capital Holdings Limited
  • Standard Chartered Bank

Key Officers
Zhang Zi'ai, Chairman
Chen Xiaozhou, President

Contact Us
China Cinda Asset Management Co., Ltd. (China Cinda)
Address: Building No.1, No.9 Naoshikou Street, Xicheng District, Beijing 100031
Telephone: +86-10-63080000
Website: http://www.cinda.com.cn




Name of Institution
China Great Wall Asset Management Corporation, Ltd.

Country
People's Republic of China (PRC)

Institution at a Glance:

China Great Wall Asset Management Corporation, Ltd. (GWAMCC) is a wholly state-owned financial group approved in 1999 by the Chinese government with NPA operation as its core business. Together with investment banking and asset management and diversified financial services, it can provide clients with customized financial solutions and differentiated asset management services. Headquartered in Beijing, GWAMCC has its head office, 32 branches and 12 subsidiaries across China holding full financial licenses including banking, brokerage, insurance, trust, financial leasing, international business, equity investment, PE fund, financial exchange, financial consulting, etc. Through the diversified financial services, it can enhance its "cross-cycle" business capabilities and achieve synergy across the group. 


As of 2014, GWAMCC registered RMB 22.1 billion total revenue with NPA operation, investment banking and asset management, and diversified financial services contributing 57%, 26% and 17% respectively, and its ROA was 3.1% , leading in revenue and profit growth since 2010. GWAMCC is actively involved in product innovation and maximize enterprise value by leveraging various M&A and restructuring techniques. It has a track record of revitalizing over 150 public companies in A-share market over the past five years while maintaining an annualized IRR of over 30%. GWAMCC is also the industry-leader in risk management. It's the first AMC in China to establish and implement economic capital management system. 


GWAMCC is committed to growing into a unique AMC and developed the following growth strategies based on the mission of supporting economic growth by mitigating financial risks and increasing asset value: serve economic restructuring and reform by revitalizing stock assets and promote industrial upgrading through optimizing increment assets; enhance "Pan-Asset Management" franchise focusing on NPA operations; develop "Pan-Investment banking" franchise featured on M&A and restructuring to show GWAMCC's core competitiveness; focusing on "One-Great Wall" philosophy and create Pan-Synergy across the Group; be a leading full value chain service provider to SMEs.

 

Shareholders

Ministry of Finance, PRC

 

Key Officers

Shen Xiaoming, Chairman

 Zhou Liyao, Executive President      

Contact Us
China Great Wall Asset Management Corporation, Ltd. (GWAMCC)
Address: Yuetan Plaza A, No.2 Yuetan North Street, Xicheng District, Beijing 100045
Telephone: +86-10-68083706/68082760
Fax: +86-10-68054054
Web site: http://www.gwamcc.com


 


Name of Institution
China Huarong Asset Management Co., Ltd.

Country
People's Republic of China

Institution at a Glance:
China Huarong Asset Management Co., Ltd.  is a state-owned, non-bank financial company, incorporated on 12 October 2012 with the approval of the State Council of China. Currently, the company has a registered capital of CNY 36.2 billion in which 77.49% shares is held by the Ministry of Finance. China Huarong was previously known as China Huarong Asset Management Corporation (CHAMC) which was established on October 19, 1999. It is one of China's four major financial asset management companies. China Huarong aims to transform itself from the previous policy-oriented company with traditional single NPL resolution business into a market-directed company integrated with diversified financial services, while expanding its business to overseas market.

As the largest financial asset manager and a state-owned financial holding group in China Huarong has total asset over CNY 500 billion with a broad service network of 33 branches (outlets) and 12 subsidiaries in 30 provinces, autonomous regions and municipalities nationwide.


Shareholders

Ministry of Finance, PRC (98.06%)

China Life Insurance (Group) Company (1.94%)


Key Officer

Wang Zhanfeng, Chairman


Contact Us
China Huarong Asset Management Co., Ltd. (China Huarong)
Address: No. 8 Financial Street, Xicheng District, Beijing, 100033, PRC
Telephone: +86-10- 59618888
Fax: +86-10-59618000

  



Name of Institution
China Orient Asset Management Corporation (COAMC)

Country
People's Republic of China (PRC)

Institution at a Glance:
In October, 1999, following the approval of the People's Bank of China, China Orient Asset Management Corporation was established in Beijing in response to the Asian financial crisis. With a registered capital of RMB 10 billion which was fully allocated by the Ministry of Finance, COAMC is a solely state-owned, non-banking financial institution.

Since its establishment, COAMC holds as its mission to safeguard state-owned assets, dissolve financial risks and promote the reform of state-owned enterprises. It has managed and disposed of nearly RMB 1 trillion of NPLs.

Having successfully fulfilled the historical mission of disposing NPLs assigned by the central government, COAMC has been constantly pursuing sustainable development and actively promoted market-oriented transformation.

At present, the total assets of COAMC have reached almost RMB 320 billion. COMAC has a national service network with 25 branches and a business department across the whole country. COAMC owns subsidiaries including China United Insurance Holding Company, Dongxing Securities Co., Ltd., Daye Trust Co., Ltd., China National Foreign Trade Financial Leasing Co., Ltd., Bangxin Asset Management Co., Ltd., Golden Credit Rating International Co., Ltd., Bangxinhuirong Investment Holding Co., Ltd. and Orient Bangxin Capital Co., Ltd. on the mainland, and China Orient Asset Management (International) Holding Limited and Dong Yin Development (Holdings) Limited in Hong Kong. COAMC has about 40,000 employees and serves more than 8 million clients.

COAMC is currently pursuing restructuring and transformation to provide diversified and whole life cycle financial services to clients. It aims to build a leading whole-value chain financial service corporation focusing on asset management and insurance.

Its business covers asset management, insurance, securities and futures, trust and leasing, investment and financing, credit rating and overseas business.


Key Officer

Wu Yue, President                          

Contact Us
China Orient Asset Management Corporation
Address: Minsheng Financial Center, No. 28 Jianguomennei Street, Dongcheng District, Beijing China 100005
Telephone: +8610-68083706/68082760
Fax: +8610-68054054




Name of Institution
Zhejiang Province Zheshang Asset Management Co., Ltd.

Country
People's Republic of China (PRC)

Institution at a Glance:
Based on The Regulation Of Financial Firm's Non-performing Assets Mass Transfer (Finance Document NO.6) released by the Ministry Of Finance and the China Banking Regulatory Commission Approval Of Establishing Zhejiang Province Zheshang Asset Management, Ltd. released by Zhejiang Provincial Government, Zhejiang Province Zheshang Asset Management Ltd.( Hereinafter referred to as Zheshang AMC) was established on Aug 6th 2013. The two Zhejiang Provincial state-owned companies, Zhejiang International Business Group Inc. and Zhejiang Province General Asset Management Inc. own 70% and 30% of the Zheshang's shares respectively. 

Zheshang AMC specializes in the provincial financial assets mass transfer, asset management as well as financial advisory services, such as mergers and acquisitions, restructurings and reorganizations. To improve Zheshang AMC's capital strength, the company plans to increase its registered capital to 3 billion RMB (the owner's equity being 6 billion upon completion) by introducing strategic investors in 2014.


Shareholders
Zhejiang International Business Group Inc. (70%) 

Zhejiang Province General Asset Management Inc. (30%) 


Key Officer

Sun Jianhua, Chairman                         

Contact Us
Zhejiang Province Zheshang Asset Management Ltd. 
Address: Room 301, 193 West Lake Avenue, Shangcheng District, Hangzhou City, Zhejiang Province, PRC
Telephone: +86-0571-89773888
Fax: +86-0571-89773838


 

Name of Institution
PT Perusahaan Pengelola Aset (Persero) PPA

Country
Indonesia (INO)

Institution at a Glance:
PT Perusahaan Pengelola Aset (Persero) (PPA) is a state-owned enterprises which is 100% ownership owned by the Government of the Republic of Indonesia, via the Ministry of State-Owned Enterprises as the shareholder.. 

The Company was established with the name PT Perusahaan Pengelola Aset (Persero) through Government Regulation No. 10 of 2004 dated 27 February 2004 with the purpose and objective of managing ex-IBRA assets for and on behalf of the Minister of Finance.

After four years of establishment, the Government on 4 September 2008 expanded the Company's scope and objectives to include: ex-IBRA asset management; State-owned Enterprises Restructuring/Revitalization; investment activities; as well as State-owned Enterprises asset management activities.

PT Perusahaan Pengelola Aset (Persero) is a Company whose shares are not traded at Indonesia Stock Exchange and not yet issued any bonds since the entire shares are owned by the Indonesian Government. Currently, the Company has 8 (eight) operating Subsidiaries and Associated Entities.

In 2018, the Company and its subsidiaries engaged in Joint Ventures with other parties reaching to 29 companies with total investment of Rp336.09 billion.


Shareholder
Government of the Republic of Indonesia


Key Officers

Iman Rachman, President Director

R. Muhammad Irwan, Managing Director

Nasrizal Nazir, Managing Director

Dikdik Permadi Yoffana, Managing Director                       

Contact Us
PT Perusahaan Pengelola Aset (Persero) PPA 
Address: Sampoerna Strategic Square, North Tower Lantai 9-12, Jl. Jendral Sudirman Kav. 45-46, Jakarta Indonesia - 12930
Telephone: +6221 5798 2222
                    021 5798 2233
Fax: +86-0571-89773838



Name of Institution
Korea Asset Management Corporation (KAMCO)

Country
Republic of Korea

Institution at a Glance:
Established in 1962, KAMCO stands as the oldest public AMC in the world. KAMCO's four main strategic goals are 1) improvement of financial soundness by increasing the value of public assets, 2) serving as a safeguard for the economy of ordinary citizens, 3) enhancement of financial and corporate asset soundness, and 4) consolidation of management foundations for sustainable growth. As a comprehensive national asset management institution, KAMCO has been enhancing the value of Korea's national assets by maximizing value and earnings of national properties, improving the soundness of insolvent financial institutions, and providing the financially underprivileged with the tools for self-sufficiency.  

Besides conventional business models, KAMCO is constantly employing innovative techniques and steadily expanding its business scope to meet the ever changing demands of people. Since 2002, KAMCO has redefined the process of disposing different types of public assets by developing and utilizing OnBid, an online auctioning system. In June 2013, KAMCO was designated as the sole manager of all national properties (620,000 parcels), worth approximately KRW 19 trillion. In addition to its domestic efforts, KAMCO has been actively providing consultation services to prominent public AMCs and central banks through the Korean government's Knowledge Sharing Program.

KAMCO's vision is to act as a springboard for the national economy that enhances the value of financial and public assets.

KAMCO's mission is to pursue sustainable growth for the national economy through an advanced and comprehensive asset management system. 

Shareholders

Korean Government, Export-Import Bank of Korea

Key Officer

Sung-yu Moon, Chairman and CEO                         

Contact Us
Korea Asset Management Corporation (KAMCO)
Address: 43F, Busan International Finance Center, 
40 MunhyeonGeumyung-ro, Nam-gu, Busan, Republic of Korea


 


Name of Institution
Sukhumvit Asset Management Co., Ltd. (SAM)

Country
Thailand

Institution at a Glance:
Sukhumvit Asset Management Co., Ltd (SAM) was established on April 18, 2000 following a cabinet resolution and registered as an asset management company according to AMC act 1998 with the Financial Institutions Development Fund (FIDF) holding 100% share.

On May 7, 2003, Petchburi Asset Management Co., Ltd. (PAMC) who managed NPLs of Siam City Bank was transferred to be operated under SAM, which also took over the continuous responsibility to manage all assets, debts and business obligations of PAMC.

Vision
An asset management company at the national level with a major role in managing and resolving distressed assets of financial institution while adhering to good governance, for the benefit of both economy, and the society.

Mission
- Restructure the distressed assets to minimize loss in the proper time. 
- Manage NPAs to gain returns in the proper period.
- Build and develop staff to be the asset management experts with good morality.
- Develop asset management system and process to be more effective for organization's sustainable growth.

Company Objectives
- Manage all NPLs transferred from other financial institutions for the benefit of government.
- Acquire or auction for NPLs and NPAs sold by other financial institutions, which will be managed into good loans to reduce NPLs within the country, to limit the financial loss of FIDF to a minimum.
- Help potential debtors, who are intent to pay off their debts, to continue to run their business and profession.
- Look for the opportunities to expand business lines   through rendering service to financial institutions and managing distressed loan to investors.

Key Milestones
2000 - SAM was established to receive and manage NPLs from Krungthai Bank (KTB) with Outstanding Principle Balance (OPB) at 13,056 million dollar.
2004 - SAM merged and received assets with Outstanding Principle Balance (OPB) at 4,167 million dollar from Petchburi Asset Management Co.,Ltd. (PAMC)
2006 - SAM began to buy NPLs and NPAs from other financial institutions.
2012 - SAM received NPLs and NPA with Outstanding Principle Balance (OPB) at 7,139 million dollar from TAMC.

Shareholders

SAM is 100% owned by Financial Institution Development Fund (FIDF), a subsidiary under Bank of Thailand.

Key Officer

Niyot Masavisut, President                       

Contact Us
Sukhumvit Asset Management Co., Ltd. (SAM)
Address: 123 Suntowers Building A, Floor 27-30 Vibhavadee-Rungsit Road, Chompon, Jatujak, Bangkok 10900
Telephone: +66-2-686-1800, +66-2-620-8999, +66-2-610-2222
Fax: +66-2-617-8230-33, +66-2-617-8235, +66-2-617-8244-46


 


Name of Institution
Vietnam's Debt & Asset Trading Corporation (VDATC)

Country
Viet Nam

Institution at a Glance:
VDATC (Vietnam Debt and Asset Trading Corporation) is a special-class state owned enterprise established in 2003 by Decision No.109/2003/QD-TTg of the Prime Minister.  

DATC's ultimate missions are to stabilize the financial status of commercial banks, lower the risk level the entire financial system, revitalize in-trouble SOEs by conducting debt-equity swap, facilitating the privatization process of SOEs and promoting the development of NPL market of Vietnam.DATC's current charter capital is 6.000 billion VND (~ 300 million UDS). 

The Ministry of Finance (MOF) recently promulgated Circular No.135/2015/TT-BTC regulating the operating Charter DATC. It is an updated version of the Circular No.79/2011/2011 which gives DATC more flexibility and powers in its business activities especially the debt-equity swap major of DATC.

DATC's business activities:
- Debt and asset acquisition;
- Debt and asset purchase;
- Managing of debt and asset acquired;
- Corporate restructuring;
- Consultation on debt and asset managing business;
- Investment activities.

Shareholders

VDATC is a state-owned (100%) asset management company with the chartered capital of VND 2.000 billion.

Key Officer

Mr. Le Hoang Hai, Chairman                    

Contact Us
Vietnam's Debt & Asset Trading Corporation (DATC) 
Address: 51 QuangTrungst., Hai Ba TrungDistict., Hanoi, Vietnam. 
Telephone: + 084 39 454 911 
Fax: + 084 39 454 737 


 




Name of Institution
Vietnam Asset Management Corporation (VAMC)

Country
Viet Nam

Institution at a Glance:
Vietnam Asset Management and Company (VAMC) was established under Decision No. 1459/QD-SBV dated June 27, 2013 by the Governor as a public asset management company. The company works under the management of the State, inspection and supervision of the State Bank of Vietnam. VAMC operates with a chartered capital of VND 2 trillion according to the principle of revenue and expenditures, non-profit purposes; publicity and transparency, risk mitigation and cost reduction in handling bad debts.

Mission
This special tool of the State contributes to quickly handle bad debts, makes finance sector healthier, minimize risk for credit institutions and enterprises and promotes reasonable credit growth in the economy.

Operation Principles
- Expense can be offset by revenue
- Ensure publicity and transparency in buying and selling NPls process
- Minimizing risk and cost in handling NPLs


Shareholders
VAMC is 100% owned by the State Bank of Vietnam.

Key Officers

Nguyen Tien Dong, Chairman

Doan Van Thang, CEO  

Contact Us
Vietnam Asset Management Company (VAMC)
Address: 22 Hang Voi, Ly Thai TO Ward, Hoan Kim District
Hanoi, Vietnam
Telephone: +84-4 3939-2454
Fax No.: +84-4 3935-2874