新闻 > 经济
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170818/31125856.html
Server: cms-8-251
Date: 2024/11/25 00:10:50

Powered by China
China

AMC多元化格局更有益于市场发展

2017-08-18 16:36:57   中国经济网

■本报记者 李林鸾

【农村金融时报】

持续上升的不良资产规模让资产管理公司获得了广阔的市场空间,同时竞争也日趋激烈。

近日,麦肯锡发布《资产管理公司制胜之道》,总结了中国不良资产行业的机遇与挑战、地方AMC(资产管理公司)的发展现状、典型案例和转型方向。

报告称,在增长换挡期、结构调整阵痛期、前期刺激政策消化期这“三期叠加”的环境下,中国不良资产市场面临较快增长。一方面,传统金融机构持有的不良资产规模正在持续上升,预计2020年将达到约4.8万亿元。另一方面,非金融机构应收账款规模不断攀升,回收周期不断延长,对于资产及债务重组的需求日益高涨,其不良资产规模也在快速扩张,预计2020年可为资产管理公司提供约0.8万亿元的市场。

正因如此,目前不良资产行业正由原来的四大AMC垄断的局面,逐步演变为“4+2+N+银行系”的多元化格局。这其中,“4”顾名思义是传统的四大AMC,而“2”则代表各省辖内的两家地方AMC。

此外,“N”则指各地未持牌资产管理公司,主要承接四大AMC和地方AMC处置效率较低的小规模不良资产组包。“银行系”是以国有大行为首的银行纷纷成立的专司债转股的AMC子公司。

面对地方AMC的参与,中国东方资产管理股份有限公司副总裁陈建雄日前公开表示:“成立地方AMC对市场是件好事。”

分析来看的确如此。一方面,四大AMC与地方资产管理公司有很强的互补性。首先,银监会一季度末公布的数据显示,银行类的不良资产为1.58万亿元,光靠四大AMC很难消化,所以国家高瞻远瞩成立地方AMC共同消化处置。

另一方面,四大AMC与地方AMC既有竞争性又有互补性,有利于不良资产处置手段更加创新和市场化。并且,有些地方AMC能够享受到地方政府为化解地方企业不良资产出台的优惠政策。从不良资产需求端看,参与主体多元化不断扩张,使得市场变得更加公开透明,竞争也更加充分。

不过,四大AMC毕竟拥有专业优势和雄厚的资金实力,有多年经验积累、渠道优势以及制度、政策、管理风控等一系列优势,还有与境内外投资者合作的优势。除此之外,地方AMC在团队以及管理上也很难与之匹敌。

但可以肯定的是,在新常态下,AMC如此既竞争又互补的关系,对稳定地方金融,防范和化解区域性以及系统性金融风险,不失为一件好事。

404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170818/31125856.html
Server: cms-8-251
Date: 2024/11/25 00:10:50

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170818/31125856.html
Server: cms-8-251
Date: 2024/11/25 00:10:50

Powered by China
China

相关阅读

404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170818/31125856.html
Server: cms-8-251
Date: 2024/11/25 00:10:50

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170818/31125856.html
Server: cms-8-251
Date: 2024/11/25 00:10:50

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170818/31125856.html
Server: cms-8-251
Date: 2024/11/25 00:10:50

Powered by China
China
分享到:
0 0
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170818/31125856.html
Server: cms-8-251
Date: 2024/11/25 00:10:50

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170818/31125856.html
Server: cms-8-251
Date: 2024/11/25 00:10:50

Powered by China
China

美图推荐

404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170818/31125856.html
Server: cms-8-251
Date: 2024/11/25 00:10:50

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170818/31125856.html
Server: cms-8-251
Date: 2024/11/25 00:10:50

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170818/31125856.html
Server: cms-8-251
Date: 2024/11/25 00:10:50

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170818/31125856.html
Server: cms-8-251
Date: 2024/11/25 00:10:50

Powered by China
China

为您推荐

加载更多>>
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170818/31125856.html
Server: cms-8-251
Date: 2024/11/25 00:10:50

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170818/31125856.html
Server: cms-8-251
Date: 2024/11/25 00:10:50

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170818/31125856.html
Server: cms-8-251
Date: 2024/11/25 00:10:50

Powered by China
China