China Banking Regulatory Commission (CBRC) published on its website a document detailing the basic requirements for setting up local asset management companies in China’s provinces and cities. China currently has four state-owned asset management companies at the central government level. Established in the late 1990s, they took over and manages the non-performing loans from the […]

Visit for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.