(Yicai Global) Oct. 13 -- China Great Wall Asset Management Co. has started attracting investors, Meng Xiaodong, the group's vice president, said at a China Banking Regulatory Commission press conference yesterday.
CGWAM has received positive attention from international backers and more than 200 enterprises including 70-odd well-known investors have contacted CGWAM. The company is currently screening them and awaiting regulatory approval.
This year, the firm has upped its efforts to acquire financial and non-financial non-performing assets, adjusted its internal appraisal policies and preferential interest rate, expanded empowerment and focused on branch companies acquiring and handling non-performing assets, said Meng.
Established in Beijing on Dec. 11 last year, CGWAM began the initial public offering process after conducting a joint-stock system reform.