以下文章来源于不良资产头条 ，作者栗观察 不良资产头条 . 不良资产行业那些事儿！ 执掌苏宁30年，从江苏首富到资产清零！ 作者：栗观察 来源：不良资产头条 1月4日，38家苏宁系企业重整计划的落地，敲响 了2026年大型企业破产重整的第一锤。 这家背负2387.3亿元巨额债务、资产清算价值仅410.05亿元商业巨头 靠"出资人权益调整 + 破产重整信托" 组合拳绝境求生，而创始人张近东不仅股东权益近乎清零，更将全部个人资产 注入重整信托，以劣后级身份承担连带责任，押上数十年家底偿债。 有了这个前提，中信金融资产与东方资产联手提供80亿元共益债， 全力托举，两大AMC 开创 的大规模"留债留业"新模式也为危机中 大型企业提供了破局样本。 这里插播一条课程资讯： 报名 「 黑马·AI 星球Agent实战营 」， 国内⾸个基于"全链路业务拆解+Agent搭建实战"的 企业级Agent实战营； 3天闭关+90天陪跑，让你带走： 让AI真正落地变现！ （翻到底部了解详情） 01 放手一搏：张近东资产清零 根据重整计划，其核心思路为"出资人权益调整+破产重整信托"，但力度之大超出市场预期。 首先创始人 张近东等外部股东 ...

时任中国东方资产管理股份有限公司上海市分公司投行业务部主任、资产经营四部经理及临时负责人、 第五组团队负责人刘航因"抵押物管理严重违反审慎经营规则、投后管理严重违反审慎经营规则"，被警 告并罚款5万元；时任中国东方资产管理股份有限公司上海市分公司资产经营一部临时负责人、第四组 团队负责人孙骏因"借收购不良资产名义为企业提供融资"被警告并罚款5万元。 北京商报讯（记者 宋亦桐）2月14日，据国家金融监督管理总局上海监管局行政处罚信息公开表，中国 东方资产管理股份有限公司上海市分公司因：借收购不良资产名义为企业提供融资、抵押物管理严重违 反审慎经营规则、投后管理严重违反审慎经营规则违法违规行为，被罚款150万元。 ...

Core Viewpoint - The four major national Asset Management Companies (AMCs) in China are focusing on their core responsibilities and aligning their operations with national strategies to enhance risk management and support high-quality economic development [1][5][9]. Group 1: Focus on Core Responsibilities - The AMCs emphasize the importance of maintaining their core function of handling non-performing assets and aligning their business development with national strategic needs, particularly in relation to the financial "five major articles" [2][5]. - Great Wall Asset Management aims to "precisely expand non-performing asset business" and innovate in real estate revitalization [2]. - CITIC Financial Asset Management stresses the need to "stick to the main battlefield of non-performing assets" and expand high-quality business investments [2]. Group 2: Risk Management - The AMCs are prioritizing risk prevention and management to ensure stable operations, with a focus on creating a robust "safety net" [9][12]. - Great Wall Asset Management has identified "risk prevention" as a key annual work line, while CITIC Financial Asset Management aims to "strengthen bottom-line thinking" [9][12]. - The AMCs are committed to building a comprehensive risk management system that is intelligent and covers all aspects of their operations [12][15]. Group 3: Technological Empowerment - The AMCs are pushing for digital transformation and talent development as key drivers for enhancing their core competitiveness [16]. - Great Wall Asset Management plans to deepen reforms in personnel, incentives, and management [16]. - CITIC Financial Asset Management aims to become a leader in industry transformation through the implementation of a "strong core" project [16].

Core Viewpoint - The company expresses gratitude for support received in 2025 and outlines its commitment to enhancing financial services and risk management in alignment with national strategies as it enters the new "15th Five-Year Plan" period [4][11]. Group 1: Achievements in 2025 - The company has strengthened its core responsibilities, with a steady increase in the proportion of non-performing asset business from banks, leading to a more reasonable business structure and enhanced professional disposal capabilities [5][12]. - It has improved the quality and efficiency of services to the real economy by supporting strategic emerging industries and establishing a comprehensive service system for distressed enterprises, successfully implementing several exemplary projects [5][12]. - The effectiveness of risk resolution has been enhanced, completing entrusted tasks related to the reform of small and medium financial institutions and advancing the resolution of local government financing platform debt risks [5][12]. - The company has made significant progress in reform and innovation, transforming its governance structure and management systems, and enhancing its internal motivation through digital transformation and refined management [5][12]. Group 2: Goals for 2026 - The company aims to solidify its risk prevention measures by increasing the acquisition and disposal of non-performing assets, focusing on key areas such as real estate and local government debt, to prevent systemic risks [6][13]. - It plans to enhance service quality for the real economy by researching key industry trends and facilitating the transformation of high-carbon, low-efficiency assets, while also supporting small and micro enterprises [6][13]. - The company intends to deepen reform and innovation to stimulate high-quality development, ensuring alignment between party leadership and business operations, and optimizing incentive mechanisms [6][13]. - It seeks to expand cooperation and collaboration, building a high-quality professional talent pool and enhancing business synergy to drive high-quality development [6][13]. Group 3: Commitment to Future Development - The company is determined to fulfill its mission as a financial asset management entity, contributing to the construction of a strong financial nation and supporting the modernization of China [7][14].

值得一提的是，几家AMC均将内部改革作为提升竞争力的关键举措，激发组织活力。其中，组织架构 的优化与调整是改革的重要抓手，例如，中国信达提出，要推动总部部门机构优化，加快子公司瘦身健 体、差异化发展，提高整体管理水平和运转效率；中国东方则要"优化机构布局，释放协同效能"；中国 长城资产要求，深化人事制度、激励机制、管理体制改革，树立能者上庸者下的鲜明导向，激发内生活 力，提升治理效能。 在服务金融强国建设、防范化解金融风险的共同使命下，各家机构展现出聚焦主责主业、筑牢风险底 线、促进高质量发展的鲜明共识，共同勾勒出行业高质量发展的新蓝图。 本报记者 杨 洁 在追求高质量发展的同时，风险防控也被提到一定战略高度。几家AMC也认识到，作为风险处置的专 业机构，自身的安全稳健是履行职责的前提。 2026年，我国金融资产管理行业迈入了关键的发展阶段。近期，中国信达资产管理股份有限公司（以下 简称"中国信达"）、中国东方资产管理股份有限公司（以下简称"中国东方"）、中国长城资产管理股份 有限公司（以下简称"中国长城资产"）以及中国中信金融资产管理股份有限公司（以下简称"中国中信 金融资产"）等四家金融资产管理公司（AM ...

Core Viewpoint - The financial asset management industry in China is entering a critical development phase in 2026, with major asset management companies (AMCs) outlining their key work for the year, focusing on high-quality development and risk prevention [1][2]. Group 1: Strategic Focus - Four major AMCs, including China Cinda, China Orient, China Great Wall, and China CITIC, are committed to enhancing their core competitiveness in managing non-performing assets while exploring differentiated paths [2]. - China Cinda aims to solidify its core competitiveness in non-performing asset management and explore new models for assisting troubled enterprises [2]. - China Orient emphasizes accelerating the disposal of existing assets and expanding development space through a strategy focused on solidifying foundations, improving quality, and enabling growth [2]. Group 2: Risk Management - A consensus has emerged among the AMCs regarding the construction and upgrading of comprehensive risk management systems [3]. - China Cinda highlights the importance of establishing a bottom-line mindset and enhancing operational resilience through a robust risk management framework [3]. - China Orient proposes strengthening the proactive defense system through a three-line risk prevention strategy [3]. Group 3: Internal Reform - Internal reform is recognized as a key measure to enhance competitiveness and stimulate organizational vitality among the AMCs [3]. - China Cinda plans to optimize its headquarters' structure and streamline subsidiaries to improve management efficiency [3]. - China Great Wall emphasizes deepening reforms in personnel systems and management mechanisms to foster a meritocratic environment [3]. Group 4: Overall Development Outlook - The work development landscape for the four AMCs in 2026 is characterized by a commitment to national strategic service, a focus on core responsibilities, a solid risk prevention foundation, and a drive for internal reform [3].

作为中国东方资产管理股份有限公司（以下简称"中国东方"）在长三角区域的重要战略支点，中国东方上海市分公司始终紧扣国家战略导向与上海城市发 展脉搏，围绕上海"五个中心"建设、长三角一体化发展，以化解风险、盘活存量、服务升级展现央企担当，在申城这片热土上书写金融高质量发展答卷。 生态共建 推进协同合作 中国东方上海市分公司坚持以战略合作为纽带，通过党建共建、高层互动、专班对接等多种机制，深度融入地方经济生态。 中国东方上海市分公司坚定不移深耕金融不良资产核心领域，主业成效领跑区域市场。 记者在采访中了解到，2025年，中国东方上海市分公司持续深化金融不良资产生态圈建设，收购金额超18亿元，规模稳步增长，市场占比位居同业前列， 彰显了在复杂市场环境中精准判断、果断决策的专业能力。通过高效运用资产重组、债务重组、市场化债转股等多元化手段，不断提升资产价值发现与提 升能力，多年保持现金回收高位，5年累计回现近500亿元，为维护区域金融稳定、优化金融生态积极贡献力量。 中国东方上海市分公司勇于开拓创新，将股权投资业务作为转型发展的重要引擎，围绕科技金融、绿色金融等战略方向不断探索"股+债"结合、并购重 组、结构性投资等创 ...

作为中国东方资产管理股份有限公司(以下简称"中国东方")在长三角区域的重要战略支点，中国东方上 海市分公司始终紧扣国家战略导向与上海城市发展脉搏，围绕上海"五个中心"建设、长三角一体化发 展，以化解风险、盘活存量、服务升级展现央企担当，在申城这片热土上书写金融高质量发展答卷。 生态共建推进协同合作 中国东方上海市分公司坚持以战略合作为纽带，通过党建共建、高层互动、专班对接等多种机制，深度 融入地方经济生态。 《金融时报》记者在采访中了解到，中国东方上海市分公司积极主动加强与上海市人民政府相关部门、 在沪交易所、金融机构、大型企业集团及各类市场主体的沟通协作，不断增进互信、深化合作，努力构 建覆盖广泛、互动紧密、良性循环的生态协同长效机制，为高效服务区域发展提供有力支撑。 深耕主责主业以股权业务助力转型发展 中国东方上海市分公司勇于开拓创新，将股权投资业务作为转型发展的重要引擎，围绕科技金融、绿色 金融等战略方向不断探索"股+债"结合、并购重组、结构性投资等创新模式。中国东方上海市分公司通 过基金布局集成电路产业，成功投放上海某市场化债转股项目，作为战略投资人参与上海某资产盘活基 金，将中国东方的专业能力与上海 ...

Core Viewpoint - China Orient Asset Management Co., Ltd. (China Orient) is strategically positioned in the Yangtze River Delta, focusing on risk mitigation, asset revitalization, and service upgrades to contribute to high-quality financial development in Shanghai [1] Group 1: Collaborative Ecosystem - China Orient Shanghai Branch emphasizes strategic cooperation through various mechanisms such as party-building initiatives, high-level interactions, and specialized task forces to integrate deeply into the local economic ecosystem [2] - The company actively enhances communication and collaboration with relevant government departments, exchanges, financial institutions, large enterprises, and various market entities to build a robust and interactive ecological collaboration mechanism [2] Group 2: Core Business Development - China Orient Shanghai Branch is committed to deepening its core business in financial non-performing assets, achieving significant market performance with over 1.8 billion yuan in acquisitions projected by 2025, maintaining a leading market share [3] - The company employs diverse methods such as asset restructuring, debt restructuring, and market-oriented debt-to-equity swaps to enhance asset value, achieving nearly 50 billion yuan in cash recovery over five years [3] - The branch is innovating by integrating equity investment as a key driver for transformation, exploring innovative models around technology finance and green finance [3] Group 3: Supporting State-Owned Enterprise Reform - China Orient Shanghai Branch leverages its expertise in asset revitalization and capital operations to support the reform and transformation of state-owned enterprises [4] - The company has provided nearly 3 billion yuan in financial relief to listed companies through various instruments, focusing on advanced industries such as integrated circuits, biomedicine, and artificial intelligence [4] - The branch aims to continue contributing to the development of Shanghai's modern industrial system and enhancing its international financial center capabilities [4]

Group 1 - The core viewpoint of the article highlights the increasing demand for intelligent applications such as smart Q&A, knowledge retrieval, and business process automation at China Orient Asset Management Co., Ltd. [1][2] - The existing hardware resources are insufficient to support large model operations, and there is a lack of a unified intelligent application platform [1][2] - The project aims to establish a foundational computing power platform and an intelligent application platform, along with pilot applications to lay the groundwork for future intelligent construction [1][2] Group 2 - The public announcement of the winning candidates was made on February 2, 2026, with iFlytek Zhiyuan Information Technology Co., Ltd. winning the bid at 3,510,000 yuan [2] - The ranking of the bidders includes: - First: iFlytek Zhiyuan Information Technology Co., Ltd. - 3,510,000 yuan - Second: Ruijun Power Information Technology (Group) Co., Ltd. - 2,980,000 yuan - Third: Nanjing Yunwen Network Technology Co., Ltd. - 3,920,000 yuan [2]