论文标题:我国资产管理公司对不良资产管理的研究
Studying to the Managing of Bad Assets for Asset Management Corporation in China
论文作者 徐涛
论文导师 胡继灵,论文学位 硕士,论文专业 工商管理
论文单位 武汉理工大学,点击次数 308,论文页数 57页File Size2992k
2003-04-20论文网 http://www.lw23.com/lunwen_1133277/ 金融风险,资产管理公司,不良资产
Financial crisis,Assets Management Company,Bad Loan.
改革开放以来，我国经济获得了巨大发展，银行业也已获得了长足进步，然而，由于我国计划经济体制和各方面原因的存在，使银行积累了大量的不良资产，并已成为当前我国经济运行中的重大隐患，久拖不决将会使问题越来越严重，甚至极有可能造成金融危机，使我国经济陷入极其危险的境地之中。根据当前面临的国际形势，结合我国经济金融的实际情况，国务院审时度势，决定从根本上解决我国商业银行存在的金融风险，主要是不良信贷资产风险问题。解决银行不良信贷资产的重要举措之一，就是剥离国有商业银行的不良信贷资产，成立专门的资产管理公司(Asset Management Corporation-AMC)，运用投资银行业务的各种手段来处置业已沉淀、凝固的不良信贷资产；从而彻底解决国有商业银行的不良贷款问题，同时推动国有企业改革，标本兼治。 本文首先介绍了中国不良资产的形成以及国有企业与系统金融风险，然后根据中国的国情国外的经验在以下方面展开研究。①在各国处理不良资产方案比较方面，系统的分析了中国的特殊国情和美国、日本、韩国处理不良资产方案。②在中国资产管理公司对不良资产处置中导入了中国资产管理公司的经营目标及运作方式。③对目前中国资产管理公司运作中取得的业绩及问题进行了全面系统的分析。④对加入WTO后对中国资产管理公司的发展产生深远影响进行了全面的分析和阐述，并提出了中国的资产管理公司必须全面树立资本运营观念。⑤对国外资产管理公司运作模式进行了比较，从国外资产管理公司成功的经验中得到的一些启示。⑥针对中国的实际情况提出了化解不良资产的九项政策建议，及对国有独资商业银行进行上市、向国内非国有部门出售股权，向国外投资者转让股权等三项产权结构改革的建议。 在研究过程中注重对实践的指导性和应用性，提出的方法和手段具有较强的实效。论文中所列举的建议和措施均在中国资产管理公司的实际运作中得到实施。因此通过对资产管理公司运作模式的研究和总结，对中国资产管理公司未来的发展具有较好的借鉴意义。
China"s economy has been greatly developed since its reform and opening-up, great progress has also been made in its banking system. However, large amounts of bad assets were accumulated in banks due to the system of planned economy and some other reasons, which has become a looming hazards for our economic operations. Delayed solutions of those problems will make the matters worse, or even leads to financial crisis, China"s Economy may relapse into a perilous dilemma. In light of existing international situations and China"s financial reality, State Department took measures to eradicate the financial crisis in our commercial banks, the main problem on the list is bad credit assets. One of the critical solution of this problem is the detachment of bad credit assets from commercial banks, special Asset Management Corporation is funded and investment banks take the charge to dispose precipitated and aggregated bad credit assets; Hereby the problem of bad credit may be rooted up and the reform in state-owned enterprise be promoted.This article first introduces the formation of bad assets in China, state enterprises and systematic financial crisis, then it develops the study on the following aspects based on China"s situation and experiences learned from foreign countries. (1) Comparison between different scenarios on treatment of bad assets, it systematically analyses China"s specific situation and solution of bad assets in America, Japan and Korea. It also deals with the 9 proposals made by Chinese economists on liability recombination. (2) The management objective and operational technique are introduced into the disposal of bad assets by China"s Assets Management Corporations. (3) It thoroughly and systematical analyses the achievement made by China"s Assets Management Corporations and problems they are facing. (4) It expounds the impact on China"s AMC when China enters the WTO, it brings forward the concept of capital management for China"s AMC. (5) It compares the operational patterns between different AMC in foreign countries and inspirations got from their successes. (6) Based on China"s situation, it raises up 9 proposals on resolving bad assets, it also put forward 3 suggestions on reforming the structure of property right, such as market launching of single-capitalized merchant banks, placing of equity shares to non-stated owned units, transferring equity shares to foreign investors, etc.This article attaches great importance to the instructional and feasible features of the research, its approaches and methods possesses substantial results. The measures and proposals raised in this article were implemented in actual operations of China"s Assets Management Corporations. Accordingly, the generalization and research on the operational mechanism of China"s AMC will provide significant reference to the future development of China"s AMC.
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