China Great Wall Asset Management Co., Ltd. is a Chinese distressed asset management company headquartered in Beijing. It is a state-owned enterprise. The company is an asset management company that originated as a bad bank for the Agricultural Bank of China. It was one of the four asset management companies that the Government of China established in 1999 in response to the 1997 Asian financial crisis.
Background
On 2 November 1999, Great Wall was established by the Ministry of Finance to manage and process the non-performing loans of Agricultural Bank of China.[1][2][3][4]