国家金融监督管理总局批复中国东方资产管理股份有限公司变更股权，同意中央汇金投资有限责任公司 受让财政部持有的你公司48,829,977,540股股份。受让后，中央汇金投资有限责任公司合计持有你公司 48,829,977,540股股份，持股比例为71.55%。 ...

Core Viewpoint - Shandong Financial Asset Management Co., Ltd. (Shandong Jinzi) reported a significant decline in revenue and net profit for the year 2024, indicating challenges in its core business segments due to macroeconomic factors and increased competition [1][2]. Financial Performance - In 2024, Shandong Jinzi achieved an operating income of 2.147 billion yuan, a decrease of 45% year-on-year, and a net profit of 1.697 billion yuan, down 21% from the previous year [1]. - The revenue from the three main business segments—non-performing assets, comprehensive financial services, and asset management—declined by 34.76%, 32.86%, and 52.93%, respectively [1][2]. Business Segment Analysis - The non-performing assets segment's revenue drop of 34.76% was attributed to increased difficulty in asset disposal and declining disposal yields due to intensified industry competition [2]. - The comprehensive financial services segment saw a 32.86% revenue reduction, primarily due to a focus on non-performing asset operations and a decrease in project yields resulting from national interest rate cuts [2]. - The asset management segment's revenue fell by 52.93%, mainly due to declining yields from certain non-performing asset funds and debt funds [2]. Impairment and Credit Losses - The fair value change loss was reported at -746 million yuan for 2024, an increase of 36.88% compared to -545 million yuan in 2023, reflecting a strategy to tighten asset quality [2][4]. - The comprehensive financial services business experienced a dramatic increase in credit impairment losses, with a 1768% rise in 2023 compared to 2022 [4]. Investment and Risk Management - As of September 2024, four out of the five largest investments in the comprehensive financial services business were in entrusted loans, totaling 2 billion yuan [2]. - The company has been tightening its business entry rules and controlling the scale of new business in response to macroeconomic downturns and credit risk exposure [4]. Historical Revenue Trends - Revenue from the comprehensive financial services business from 2021 to 2024 showed a downward trend, with figures of 577 million yuan, 333 million yuan, 283 million yuan, and 190 million yuan, respectively [5].

董希淼认为，长期以来，金融资产管理公司主要服务全国性金融机构，对中小金融机构重视不够、服务 不足。金融资产管理公司应转变理念、提升服务能力，加大对中小银行、消费金融公司等中小金融机构 不良资产收购、管理和处置力度，助力拓宽中小金融机构不良资产处置渠道，为一体推进中小金融机构 风险化解和转型发展提供更多支持。 近年来，作为国有金融资产管理公司之一的中国中信金融资产管理股份有限公司，不断加快深耕不良资 产经营、金融服务业务以及资产管理和投资业务。近3年来，该公司收购不良资产债权超5000亿元，位 居同业前列。中信金融资产相关负责人介绍，中信金融资产切实加强对重点领域和薄弱环节的金融服 务，巩固实体经济发展基础。2024年，该公司积极参与24省市中小金融机构风险化解，收购不良资产包 债权规模同比增长约54%，有效维护区域金融环境稳定。2022年以来，通过房企纾困保障商品房按期交 付6.6万套，支付上游材料供应商欠款超113亿元，带动其他金融机构613亿元存量项目风险化解，推动 超2240亿元货值的项目复工复产。 董希淼认为，金融资产管理公司应以《指导意见》的出台为契机，更好地助力金融机构盘活存量资产， 加快处置不良 ...

新华财经北京4月18日电（记者张斯文）国家金融监督管理总局近期印发了《关于促进金融资产管理公 司高质量发展提升监管质效的指导意见》。《指导意见》从总体要求、完善公司治理、坚守主责主业、 强化风险防控、提升监管质效等方面，提出促进金融资产管理公司高质量发展的十六条意见措施。 业内认为，作为防范化解金融风险的重要"压舱石"，金融资产管理公司肩负着不良资产收购、处置和风 险隔离的重要职责。《指导意见》的出台，具有很强的系统性、指导性和针对性，是我国金融监管法治 化、专业化迈出的重要一步，对金融资产管理公司行业转型升级、防控系统性金融风险及服务实体经济 都有着巨大推动作用。 回归主责主业专注于不良资产收购处置 《指导意见》提出，金融资产管理公司要聚焦发挥特色功能，加快培育核心竞争力，做强做优不良资产 收购处置业务，服务化解中小金融机构、房地产等领域风险，促进实体经济健康发展。要持续加强风险 管理和内控机制建设，强化存量风险资产处置，严控增量业务风险，加强资产负债和流动性管理，推进 瘦身健体。 业内人士指出，此次文件再次明确金融资产管理公司要回归主责主业，专注于不良资产的收购和处置， 尤其强调要为化解中小金融机构、房地 ...

长江商报消息 ●长江商报记者 刘倩雯 为进一步强化金融资产管理公司监管，促进金融资产管理公司高质量发展，4月11日，国家金融监督管 理总局印发《关于促进金融资产管理公司高质量发展 提升监管质效的指导意见》（以下简称《指导意 见》）。 《指导意见》从总体要求、完善公司治理、坚守主责主业、强化风险防控、提升监管质效等方面，提出 促进金融资产管理公司高质量发展的十六条意见措施。 《指导意见》提出，金融资产管理公司要聚焦发挥特色功能，加快培育核心竞争力，做强做优不良资产 收购处置业务，服务化解中小金融机构、房地产等领域风险，促进实体经济健康发展。要持续加强风险 管理和内控机制建设，强化存量风险资产处置，严控增量业务风险，加强资产负债和流动性管理，推进 瘦身健体。 资产负债管理同样被高度重视。《指导意见》指出，公司应合理确定业务投放规模，避免盲目扩张和负 债驱动式增长。建议适当提高中长期负债占比，改善资产负债匹配程度，守好流动性安全底线。同时鼓 励通过发行金融债、资产证券化产品等多种方式拓宽资金来源渠道，增强资本实力。 此外，瘦身健体也成为监管重点之一。金融资产管理公司应稳妥推进附属机构优化整合，回归主责主 业，提升资 ...

Core Viewpoint - The recent guidelines issued by the Financial Regulatory Bureau aim to enhance the regulation of financial asset management companies, promoting their high-quality development through 16 specific measures focusing on governance, risk management, and operational efficiency [1][11]. Group 1: Focus on Core Responsibilities - Financial asset management companies are urged to concentrate on their primary functions, particularly in the acquisition and disposal of non-performing assets, to address the increasing demand for asset resolution [3][4]. - The guidelines emphasize the importance of financial asset management companies in mitigating risks for small and medium-sized financial institutions and the real estate sector, thereby reinforcing their role in the economy [4][5]. Group 2: Risk Management and Internal Controls - Continuous enhancement of risk management and internal control mechanisms is mandated, with a focus on managing existing risk assets and controlling new business risks [7][8]. - The guidelines advocate for a balanced approach to asset-liability and liquidity management, discouraging reckless expansion driven by liabilities [8]. Group 3: Regulatory Framework and Compliance - The guidelines call for the improvement of the regulatory system, emphasizing the need for robust supervision and enforcement against illegal activities within the sector [9][10]. - A multi-layered and differentiated regulatory framework will be developed to adapt to the unique characteristics of financial asset management companies [9]. Group 4: Support for Small and Medium-sized Financial Institutions - Financial asset management companies are encouraged to enhance their service capabilities towards small and medium-sized financial institutions, facilitating the acquisition and management of their non-performing assets [5][6]. - The guidelines highlight the necessity for collaboration between financial asset management companies and local asset management firms to create a more effective ecosystem for asset resolution [5].

《意见》从总体要求、完善公司治理、坚守主责主业、强化风险防控、提升监管质效等方面，提出促进 金融资产管理公司高质量发展的16条具体措施。 在促进化解金融和实体经济风险方面，《意见》要求金融资产管理公司（AMC）做强做优不良资产收 购处置业务，服务化解中小金融机构、房地产等领域风险。 《意见》提出，在风险可控、商业可持续前提下，积极加大商业银行、非银行金融机构不良资产收购、 管理和处置力度，服务地方中小金融机构改革化险。 这也是近年来金融资产管理公司做强不良主业的一个具体方面。以四大全国性AMC为例，中国信达 2024年收购中小银行不良资产规模超1400亿元，占其当年新增收购银行不良资产规模的比重超60%；中 国东方近五年通过创新模式，收购中小金融机构不良资产近4000亿元；中信金融资产近三年累计收购中 小银行不良债权近1500亿元。 金融监管总局：AMC做强做优不良资产业务，服务化解中小金融机构等领域风险。 4月11日，金融监管总局发布《关于促进金融资产管理公司高质量发展提升监管质效的指导意见》。 《意见》还要求AMC发挥风险化解和资产处置专长，促进实体经济健康发展。 具体来看，《意见》提出，聚焦问题企业有效 ...

Core Viewpoint - The Financial Regulatory Administration has issued guidelines to enhance the quality of financial asset management companies (AMCs) and improve regulatory effectiveness, focusing on the resolution of risks in small and medium-sized financial institutions and other sectors [1][3]. Group 1: Guidelines for AMC Development - The guidelines propose 16 specific measures to promote high-quality development of AMCs, emphasizing the importance of strengthening the acquisition and disposal of non-performing assets [1]. - AMCs are encouraged to increase their efforts in acquiring, managing, and disposing of non-performing assets from commercial banks and non-bank financial institutions, particularly to assist local small and medium-sized financial institutions [1]. Group 2: Risk Management and Control - AMCs are required to enhance risk management and internal control mechanisms, focusing on the disposal of existing risk assets while controlling new business risks [2]. - The guidelines stress the importance of asset-liability and liquidity management, promoting a leaner operational structure for AMCs [2]. Group 3: Support for the Real Economy - AMCs are tasked with addressing the financial needs of troubled enterprises through various financial instruments, aiming to optimize their asset-liability structures and restore operational capabilities [2]. - The guidelines specify that AMCs should not provide support to enterprises that contradict national policy directions or lack viable restructuring potential [2]. Group 4: Regulatory Enhancements - The implementation of the guidelines is expected to guide AMCs in focusing on their core responsibilities, enhancing risk prevention, and promoting high-quality development [3]. - The guidelines call for the strengthening of regulatory frameworks, particularly in key areas, to prevent the accumulation of hidden local government debts and to enhance oversight of related transactions [2].

Core Viewpoint - China Cinda Asset Management Co., Ltd. continues to strengthen its core advantages in non-performing asset management, achieving a net profit attributable to shareholders of 3.036 billion yuan in 2024, despite a decline in overall revenue and profit [3][4]. Financial Performance - Total revenue for 2024 was approximately 73.04 billion yuan, a year-on-year decrease of 4.11% [3]. - Net profit attributable to shareholders was 3.036 billion yuan, down 47.84% compared to the previous year [3]. - Total assets reached 1.64 trillion yuan by the end of 2024, reflecting a year-on-year growth of 2.8% [3]. Non-Performing Asset Management - The non-performing asset management segment had total assets of 915.22 billion yuan, contributing 55.8% to the group's total assets [3]. - Revenue from this segment was 40.373 billion yuan, accounting for 55.3% of total revenue [3]. - The net amount of acquired non-performing assets increased by 7.01% to 266.36 billion yuan, while disposal gains from these assets rose by 6.16% to 8.606 billion yuan [3]. Financial Services Segment - The financial services segment reported total assets of 727.76 billion yuan, with revenue of 33.186 billion yuan, marking increases of 4.56% and 2.45% respectively [4]. - Nanchang Commercial Bank generated revenue of 23.228 billion yuan and pre-tax profit of 3.579 billion yuan, up 5.71% and 10.79% year-on-year [4]. - Cinda Securities' total assets grew by 37.22% to 106.902 billion yuan, while Jingu Trust's total assets reached 14.674 billion yuan, with pre-tax profit increasing by 60.43% [4]. Risk Mitigation and Support Initiatives - In 2024, the company actively engaged in risk mitigation in key sectors, acquiring over 220 billion yuan in non-performing assets from banks and supporting the real estate sector [5][6]. - The company participated in 33 projects related to housing delivery, investing nearly 17 billion yuan, which facilitated the delivery of over 20,000 housing units [5]. - Cinda also provided 4.5 billion yuan to help local governments manage debt risks and offered services for debt management and platform transformation [6]. Strategic Focus and Future Outlook - The company aims to enhance financial services to support high-quality economic development and is focusing on bankruptcy restructuring and investment in technology-driven enterprises [6]. - In 2025, China Cinda plans to strengthen its management and risk compliance while consolidating its competitive advantages in the financial sector [6].

中国信达2024年净利30.364亿元，下降47.8% 截至2024年末，中国信达的资产总额1.6万亿元，同比增长2.8%，其中母公司资产规模近7500亿元，同比增长1.9%。 不良资产经营业务是中国信达的核心业务和收入主要来源，2024年不良资产经营业务收入总额为403.727亿元，占2024年收入总额的55.3%，2024年 末总资产的55.8%，净资产的49.9%。中国信达在年报中表示，2024年，受个别子公司经营业绩下滑影响，不良资产经营业务税前利润下降。 中国信达表示，2024年聚焦不良资产市场，把握市场机遇，持续巩固主业优势，继续保持收购经营类不良债权资产业务经营力度。2024年以公允价 值计量且其变动计入当期损益的金融资产中不良债权的新增收购为470.996亿元，处置规模478.543亿元。 中国信达在年报中表示，2024年公司坚守金融不良资产主阵地，收购银行不良资产规模超2200亿元，保持行业领先水平；不良资产处置效益保持良 好势头，处置回现连续7年超500亿元；各级资本充足率保持合理安全。 金融服务业务是中国信达业务的重要组成部分，作为重要的交叉销售推动板块，受益于协同运营管理策略。金融服务 ...