China Great Wall Asset Management Co., Ltd., one of four central government-level financial firms tasked with managing Chinese bad loans, reported that the company realized a net profit of RMB10.6 billion (US$1.7 billion) in 2017, up 18.54% year-on-year. As the first of the four national “bad banks” to release 2017 performance figures, Great Wall has shown “satisfactory” results, according to a posting on the bank’s website. Its net assets also grew 24.89% to reach RMB63.3 billion (US$10 billion). Great Wall …

China Great Wall Asset Management Reports Strong Performance In 2017 appeared first on China Money Network.