Five National AMCs Set Mid-Year Agenda on Principal Business and Asset Revitalization

China Cinda, China Orient, CITIC Financial Assets, China Great Wall Asset, and China Galaxy Asset - the country's five national financial asset management companies (AMCs) - recently held their 2026 mid-year party-building and business management meetings, reviewing first-half performance and mapping out key tasks for the second half. The meetings showed that each institution will align with national strategies, stay rooted in its principal business, and maintain risk control as a precondition, using asset revitalization and accelerated differentiated transformation as drivers for high-quality, sustainable and steady development.

In the first half of 2026, the five AMCs held firm to their principal responsibilities and made steady progress across operations. In the second half, each company will further improve the quality and efficiency of its core business. China Cinda emphasized strengthening and optimizing its financial distressed asset operations; China Orient Asset pledged renewed efforts to consolidate foundations and lift the quality and efficiency of its principal business; CITIC Financial Assets proposed reinforcing its main business and enhancing core competitiveness; China Great Wall Asset aims to cement the ballast-stone role of its distressed asset acquisition and disposal business; China Galaxy Asset seeks to broaden channels for revitalizing inefficient state-owned assets and achieve quality and volume growth in its core operations.

Risk prevention has been elevated to a strategic level. China Cinda proposed improving its comprehensive risk management system, strengthening liquidity management, and refining compliance and internal control mechanisms; China Orient Asset emphasized weaving a safe operating system across the entire organization; China Galaxy Asset demanded strict risk control, compliance and internal governance, with close monitoring of risks in key areas, improved risk review standards, and risk management responsibilities embedded across all processes to hold the risk bottom line and observe compliance red lines.

Asset revitalization has become a major focus. China Cinda plans to expand bankruptcy reorganization and M&A restructuring operations and develop asset revitalization business; CITIC Financial Assets is concentrating on tackling existing assets to improve risk disposal efficiency; China Galaxy Asset will adopt a case-by-case approach to existing projects, applying judicial recovery, debt restructuring, asset consolidation, and industrial operations to unlock asset value and increase recoveries.

Each AMC is exploring differentiated development paths based on its own resource endowments. China Cinda is deepening transformation by leveraging its functional advantages in bankruptcy reorganization and M&A restructuring; China Orient Asset seeks breakthroughs in new areas to cultivate fresh growth drivers; CITIC Financial Assets is promoting standardization of non-standard businesses and improving foundational management; China Great Wall Asset is establishing a light-capital asset management orientation, emphasizing value discovery and value-creation capability; China Galaxy Asset is advancing its "two-light, two-ization" business transformation.

The National Financial Regulatory Administration continues to refine the regulatory framework. In June, it released its 2026 rule-making work plan, in which the Measures for the Administration of Financial Asset Management Companies is listed among rules to be prepared, formulated or revised, drawing clearer boundaries for compliant development of the AMC sector.