China bad-debt manager now a shareholding firm
Great Wall Asset Management can sell stakes to new shareholders, list itself
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CHINA Great Wall Asset Management Co officially launched as a restructured joint-stock firm on Sunday, with an eye towards a market listing and a bigger role in tackling China's mounting bad debt.
Great Wall is one of the country's Big Four state-owned bad debt managers set up in 1999 to purchase non-performing loans from the country's four biggest state-owned banks.
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