中國信達資產(chǎn)管理股份有限公司商業(yè)化轉(zhuǎn)型案例分析
本文選題:資產(chǎn)管理公司 + 商業(yè)化轉(zhuǎn)型 ; 參考:《遼寧大學》2015年碩士論文
【摘要】:上世紀九十年代,亞洲爆發(fā)了大范圍災難性的金融危機,由于金融危機本身所具有的感染性,很快對我國經(jīng)濟產(chǎn)生了不良的影響,當時我國不太成熟的市場經(jīng)濟下的金融體系發(fā)展還不是很完善,四大國有商業(yè)銀行經(jīng)過多年的發(fā)展累積了大量不良資產(chǎn)。在內(nèi)憂外患、隨時可能爆發(fā)金融危機的情況下為維護我國市場經(jīng)濟的穩(wěn)定發(fā)展,我國政府于1999年成立信達、華融、東方、長城四家國有獨資的金融資產(chǎn)管理公司(Asset Management Corporation下文簡稱為AMC)以最大限度保全和回收國有資產(chǎn)為目的來處置相對應的四大國有商業(yè)銀行的不良資產(chǎn),這些公司被賦予必要的政策和法律手段,可以很有效的幫助加快對不良資產(chǎn)的處置,這一舉措對于國有企業(yè)改革、國有商銀行的改制以及防范和化解金融風險都發(fā)揮了極其重要作用。中國信達資產(chǎn)管理股份有限公司(China Cinda Asset Management Co.,Ltd.,下文簡稱為CCAMC)的經(jīng)營業(yè)績一直處于四家金融資產(chǎn)管理公司之首,經(jīng)過數(shù)十年的經(jīng)營發(fā)展,CCAMC已圓滿完成對政策性不良資產(chǎn)處置的任務,并經(jīng)過仔細研究走上了商業(yè)化轉(zhuǎn)型的道路,于2013年12月在香港成功上市,這是國內(nèi)首家成功上市的資產(chǎn)管理公司,這在某種程度上意味著國有資產(chǎn)管理公司商業(yè)化轉(zhuǎn)型的成功。當前其他三家資產(chǎn)管理公司也已走上了商業(yè)化轉(zhuǎn)型的道路,同時還有一些地方性的資產(chǎn)管理公司在商業(yè)化轉(zhuǎn)型的道路上不斷的摸索,CCAMC的成功商業(yè)化轉(zhuǎn)型可以為國內(nèi)其他AMC樹立典范。本文以中國信達資產(chǎn)管理股份有限公司商業(yè)化轉(zhuǎn)型為案例,首先,對國內(nèi)外有關資產(chǎn)管理公司的研究現(xiàn)狀進行介紹,并指出本論文的結(jié)構(gòu)框架、研究方法、創(chuàng)新及不足之處;其次,介紹了企業(yè)轉(zhuǎn)型的一般理論和我國AMC特有的研究問題,并簡單的介紹了CCAMC發(fā)展過程中的幾個階段;再次,進行CCAMC商業(yè)化成效的分析,重點就其經(jīng)營模式和競爭力進行了分析;最后,針對我國AMC所面臨的問題,根據(jù)CCAMC的成功的商業(yè)化轉(zhuǎn)型提出合理的意見和建議。以案例分析為背景,重點剖析該資產(chǎn)管理公司商業(yè)化轉(zhuǎn)型的過程中所采取的業(yè)務模式,同時綜合分析其所具備的競爭力,并對該公司取得成效進行分析比對,并指出其成功轉(zhuǎn)型的原因,這為我國其他的AMC公司商業(yè)化轉(zhuǎn)型道路提供了良好的借鑒模式,也是對CCAMC自身的剖析和反思。
[Abstract]:In the 1990s, a large-scale and disastrous financial crisis broke out in Asia. Due to the contagion of the financial crisis itself, it soon had a negative impact on our economy. At that time, the development of financial system under the immature market economy in China was not very perfect, and the four state-owned commercial banks accumulated a large number of non-performing assets after years of development. In order to maintain the stable development of China's market economy, the Chinese government set up Cinda, Huarong and the East in 1999 in the face of internal and external troubles and the possibility of a financial crisis at any time. The Asset Management Corporation (Asset), which is the sole proprietorship of the Great Wall, aims to maximize the preservation and recovery of state-owned assets to dispose of the non-performing assets of the four major state-owned commercial banks. These companies have been given the necessary policy and legal means to help speed up the disposal of non-performing assets, a move to reform state-owned enterprises. The reform of state-owned commercial banks and the prevention and resolution of financial risks have played an extremely important role. China Cinda Asset Management Co., Ltd. (hereinafter referred to as CCAMC) has been at the top of four financial asset management companies. After decades of business development, CCAMC has successfully completed the task of disposing of policy-related non-performing assets. After careful study, the company successfully listed in Hong Kong in December 2013, which is the first successful asset management company in China, which to some extent means the success of the commercial transformation of state-owned asset management companies. At present, the other three asset management companies have also embarked on the path of commercial transformation. At the same time, there are some local asset management companies in the commercial transformation of the road to explore the successful commercial transformation of CCAMC can set an example for other domestic AMC. In this paper, the commercial transformation of China Cinda Asset Management Co., Ltd. as a case, first of all, the domestic and foreign research on asset management companies are introduced, and pointed out the structure of this paper, research methods, innovations and deficiencies; Secondly, it introduces the general theory of enterprise transformation and the specific research problems of AMC in China, and briefly introduces several stages in the development of CCAMC. Thirdly, the commercial effect of CCAMC is analyzed. Finally, aiming at the problems faced by AMC in China, the paper puts forward some reasonable suggestions and suggestions according to the successful commercialization transformation of CCAMC. Taking the case analysis as the background, the paper analyzes the business model adopted by the asset management company in the process of commercialization transformation, and analyzes the competitiveness of the asset management company comprehensively, and analyzes and compares the results achieved by the asset management company. It also points out the reasons for its successful transformation, which provides a good reference mode for other AMC companies in our country. It is also an analysis and reflection on CCAMC itself.
【學位授予單位】:遼寧大學
【學位級別】:碩士
【學位授予年份】:2015
【分類號】:F832.39
【相似文獻】
相關期刊論文 前10條
1 沈雅琴;金融資產(chǎn)管理公司商業(yè)化轉(zhuǎn)型的現(xiàn)實基礎及面臨的挑戰(zhàn)[J];北方經(jīng)濟;2005年10期
2 張軍,張輝軍;金融資產(chǎn)管理公司商業(yè)化轉(zhuǎn)型研究[J];哈爾濱商業(yè)大學學報(社會科學版);2005年02期
3 鐵金山;;破解政策難題 苦修自身內(nèi)功——對金融資產(chǎn)管理公司商業(yè)化轉(zhuǎn)型的思考[J];現(xiàn)代金融;2006年05期
4 李元成;吳四平;;當前金融資產(chǎn)管理公司商業(yè)化轉(zhuǎn)型的思考[J];武漢金融;2006年05期
5 毛宇飛;;淺析我國金融資產(chǎn)管理公司商業(yè)化轉(zhuǎn)型[J];遼寧經(jīng)濟;2006年08期
6 劉茹;;金融資產(chǎn)管理公司商業(yè)化轉(zhuǎn)型的現(xiàn)實基礎及面臨的挑戰(zhàn)[J];現(xiàn)代商業(yè);2007年21期
7 錢龍;歐俊;;金融資產(chǎn)管理公司商業(yè)化轉(zhuǎn)型探析[J];特區(qū)經(jīng)濟;2007年11期
8 林輝;;金融資產(chǎn)管理公司商業(yè)化轉(zhuǎn)型的戰(zhàn)略思考[J];福建金融;2008年10期
9 朱滿華;潘煥學;;我國金融資產(chǎn)管理公司商業(yè)化轉(zhuǎn)型思考[J];合作經(jīng)濟與科技;2009年11期
10 王平;;以科學發(fā)展觀為指導 推進商業(yè)化轉(zhuǎn)型發(fā)展[J];今日財富(金融版);2009年10期
相關重要報紙文章 前10條
1 商報記者 張培娟;為飯碗 四巨頭謀商業(yè)化轉(zhuǎn)型[N];北京現(xiàn)代商報;2006年
2 石朝格;長城資產(chǎn)公司加速商業(yè)化轉(zhuǎn)型[N];中國證券報;2007年
3 石朝格;金融資產(chǎn)管理公司加速商業(yè)化轉(zhuǎn)型[N];中國證券報;2007年
4 證券時報記者 賈壯;華融公司將加快辦事處商業(yè)化轉(zhuǎn)型[N];證券時報;2008年
5 記者 王智;華融積極探索商業(yè)化轉(zhuǎn)型[N];經(jīng)濟日報;2006年
6 實習生 麻妍q,
本文編號:2072043
本文鏈接:http://www.sikaile.net/guanlilunwen/huobilw/2072043.html