The development of asset management.....>

CHINA PRESS: The development of asset management companies in China has big

potential, the China Securities Journal reported Monday. Banks' bad-loan ratios

are expected to increase steadily, raising the value of the market for managing

these bad assets to more than CNY1 trillion. So far, 60 local-level asset

management companies have been established, mostly controlled by local

governments because of their high profits and because of their need for risk

controls. But private and listed companies as well as state-owned institutions

are actively investing in asset management companies, and experts predict that

the room for those companies to participate in the market is still large, the

newspaper said. (China Securities Journal)