CHINA: CHINA OPENS ASSETS POOL TO FOREIGN INVESTORS.(China Great Wall Asset Management Corp.)(Brief Article)

From: IPR Strategic Business Information Database | Date: February 19, 2002 | Copyright information

The China Great Wall Asset Management Corporation (CGWAMC), a state-owned asset management company, has opened almost 11 billion yuan (US$1.33 billion) worth of non-performing assets from its new "assets pool" to foreign investors. CGWAMC recently stated that this large amount of assets is the first batch available to investors at home and abroad. Wang Xingyi, the president of CGWAMC, stated that these assets involve 167 projects, according to C...

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