CTBC Asset Management (CTBC AMC) was founded in May 2003 to take advantage of the large quantities of non-performing assets arising from domestic financial reform. A team of professionals was assembled to seek out business opportunities and help companies improve their finances. Today, CTBC AMC manages debt trading for financial institutions and the leasing investment industry.
Since its inception, CTBC AMC has steadily increased its investments and collaborated with reputable foreign partners to manage non-performing loans (NPLs) and related assets. In addition, it actively evaluates real estate and moveable property available on the foreclosure market and through government auctions; while waiting for the optimal time to resell these properties, the company ensures maximum value from them through means such as leasing and renovating. CTBC AMC also works with its affiliates to manage, maintain, and activate our group’s idle assets.
At CTBC AMC, we’ve also been responsive to the government’s campaign to
promote urban renewal, including by funding property owners and developers.
More recently, we've been broadening our horizons and looking beyond borders in pursuit of new opportunities. In the future, CTBC AMC will actively bid for NPLs at financial institutions both domestically and overseas while furthering our insight on key mechanisms such as foreign NPL processing.
We're also taking proactive steps in response to the ever more competitive financial environment, including strengthening our involvement in the leasing business. Notably, CTBC AMC has established a leasing investment company in Hong Kong. Its primary purpose is investing in the leasing industry in China, where there is significant business potential and relatively few barriers to establishing a financial leasing company. Once founded, a company can immediately begin dealing in RMB and increasing its presence in the local market.
We also have a clear plan going forward to expand our investment profits and the scope of our asset management business, namely by deepening integration between CTBC Holding and CTBC AMC in order to enhance our asset disposal effectiveness and exploit the many potential synergies between the two.
Should you discover any illegal, unethical, or dishonest conduct, we encourage you to contact us following whistleblowing channel: CTBC Asset Management Co., Ltd., 19F., No. 168, Jingmao 2nd Rd., Nangang Dist., Taipei City 115.