By the end of September, China's four financial asset management corporations (AMCs) had handled non-performing loans (NPLs) worth 232.3 billion yuan (US$28.09 billion), the People's Bank of China (PBC) announced Thursday .
The central bank's statistics show that assets recovered by the four AMCs stood at 84.6 billion yuan (US$10.2 billion), a recovery rate of 36.42 percent. Of this figure, 52.5 billion yuan (US$6.3 billion) was in cash, a recovery rate of 22.6 percent.
Of the four AMCs, Huarong handled 44.3 billion yuan (US$5.3 billion), recovering 21.4 billion yuan (US$2.6 billion), of which 14.6 billion yuan (US$1.76 billion) was in cash; the Great wall handled 83.8 billion yuan (US$1.01 billion), recovering 16 billion yuan (US$1.93 billion), of which 7.7 billion yuan was in cash (US$0.93 billion), the Oriental handled 34 billion yuan (US$4.1 billion), recovering 19.2 billion yuan (US$2.3 billion), with 8.6 billion yuan in cash (US$1.04 billion); and Xinda handled 70.2 billion yuan (US$8.46 billion), recovering 28 billion yuan (US$3.4 billion), with 21.6 billion yuan (US$2.6 billion) in cash.
(Xinhua News Agency October 25, 2002)
