AMCs set to nip risks in the bud

China's asset management companies or AMCs are stepping up efforts to deal with bad assets of non-financial corporations.

Their larger goal is to nip financial risks in the bud against the backdrop of slowing economic growth.

Back in 2010, the China Banking Regulatory Commission had allowed China Cinda Asset Management Co Ltd to carry out a trial program to dispose of non-performing loans of non-financial corporations.