Great Wall AMC recast as a joint stock firm, may list on an exchange

China Great Wall Asset Management Co officially launched as a restructured joint-stock firm on Sunday, with an eye on a market listing and a bigger role in tackling China's mounting bad debt problem.

Great Wall is one of the country's big four State-owned bad debt managers set up in 1999 to purchase nonperforming loans from the country's four biggest State-owned banks.

It has handled about 1.7 trillion yuan ($250 billion) in bad debt so far.