经济结构调整与资源配置优化亟需无效资产的及时转出和增量资本有效益的输入，日益积累的国民财富有着保值增值的渴望和投资渠道匮乏的焦虑，实体经济的需求和社会资金的供给需要一类逆经济周期的金融中介机构加以连接。金融资产管理公司正当其用。

Economic structure adjustment and the resource configuration optimization needs to be invalid assets transferred out in time and incremental capital efficiency of input,Increasingly accumulation of national wealth is the value of desire and the lack of investment channels of anxiety,Real economy demand and the supply of social capital needs a financial intermediary to connect the inverse of the economic cycle.Financial asset management companies as its use.

　　当前，我国金融资产管理公司发展处在较为初级的阶段，业务发展仍然停留在传统不良资产经营管理阶段，尚未取得突破性进展，盈利模式较为单一且难以持续，服务实体经济的工具有限、范围较窄，规模增长受到资本的约束。

The current,The development of China's financial asset management companies in the primary stage,Business development still stay in traditional non-performing assets management phase,Has not yet been a breakthrough,Profit model is relatively single and unsustainable,Service entity economic tools co., LTD/A narrow range,Scale growth under capital constraint.

　　建议将金融资产管理公司定位为将实体经济需求和社会资金供给加以连接的、逆经济周期操作的金融中介机构。商业化转型的金融资产管理公司，可有力承担起“危机救助者”角色，完善金融体系功能，解决现实风险问题；同时还可承担起“结构调整加速器”角色，消化问题资产，转化低效资产，把“稳增长”与“调结构”统一起来。具体可以从以下两方面加以落实。

Suggest that financial asset management companies may be defined as the entity economic needs and social fund supply connections/Reverse economic cycle operation of financial intermediaries.Commercial transformation of the financial asset management companies,Can be strong shoulder"Crisis rescuers"The role,Perfect the financial system functions,Solve the problem of real risk;At the same time also can bear"Structural adjustment of the accelerator"The role,Digestive problems assets,Conversion of inefficient assets,the"Steady growth"With the"The structure of the"To unify.Concrete can be implemented from the following two aspects.

　　一，修改《金融资产管理公司条例》，或者以国务院(相关部委)研究发布政策文件的形式，赋予金融资产管理公司相应的法律地位和资产经营手段，办成“真正的资产管理公司”。

a,Modify the[Financial assets management companies ordinance],Or to the state council(Relevant ministries and commissions)Studies released in the form of policy document,Given the corresponding legal status of financial asset management companies and assets management means,completion"Real asset management company".

　　具体包括：给予金融资产管理公司逆周期救助类和结构调整类金融机构的法律定位；业务范围上，打破仅限开展金融领域的债权，应扩大业务范围，允许其开展各类债权资产、股权资产和实物资产的收购处置和风险企业托管与并购处置；业务对象上，允许从金融机构向非金融机构和各类民事主体延伸；业务环节上，允许从收购、管理、处置向收购、经营、管理、增值延伸；业务方式上，允许开展并购贷款、过桥贷款业务；放宽对投资业务的限制，允许开展阶段性股权投资、债务融资和金融产品投资等业务；允许其以适当形式开展资产管理业务，办成“真正的资产管理公司”。包括，允许设立不良资产收购基金，拓展不良资产收购的资金来源，降低融资成本，提高服务效率；允许开展财富管理业务，发行理财计划或受托管理基金，募集社会资金，对接实体经济项目。

Specific include:Give counter-cyclical aid class of financial asset management companies and restructuring the legal position of such institutions;Scope of business on,Break the conduct in the field of financial creditor's rights only,Should expand the scope of business,Allow it to carry out all kinds of creditor's rights and assets/Stake in the acquisition of assets and real assets disposal and risk disposal enterprise managed and m&a;On the business object,Allow from financial institutions to non-financial institutions and all kinds of civil subject;Business link,Allowed from purchase/management/Disposal to buy/business/management/Value-added extension;On the way of business,Allows to carry out the m&a loan/A bridge loan business;Relax restrictions on investment business,Allows to carry out periodic equity investment/Debt financing and financial products, such as investment business;Allows it to conduct asset management business in proper form,completion"Real asset management company".including,Allows you to set up bad assets buy-out funds,Expand the non-performing assets acquisition of source of funds,Reduce the cost of financing,Improve the efficiency of the service;Allowed to conduct wealth management business,Issuing financial planning or entrusted funds management,Raise the social capital,Docking project entity economy.

　　二，相关管理部门落实《国务院关于促进企业兼并重组的意见》相关规定，支持金融资产管理公司积极介入企业兼并重组。相关部门共同研究联合出台鼓励、支持金融资产管理公司参与企业兼并重组业务相关办法，明确其开展相关业务的合法性和具体操作依据。

(2),Implementation of related management department[State council on promoting enterprise merger and reorganization]Related regulations,Support for financial asset management companies actively involved in mergers and reorganization of enterprises.Relevant departments to encourage research combined together/Support financial asset management companies to participate in the enterprise merger and reorganization of the business related,Clear its legitimacy and concrete operation to carry out the related business.

　　具体包括：放宽与兼并重组密切相关的过桥融资、并购贷款等业务条件限制；允许金融资产管理公司设立“并购重组基金”，解决资金来源问题；金融资产管理公司兼并重组业务出资占总投资额或收购不良资产所支付对价的比例由10%和20%提高至30%和50%；在资产风险权重计算上，降低金融资产管理公司兼并重组类业务的风险权重。

Specific include:Relaxation is closely related to the merger and reorganization of the bridge financing/M&a loan business conditions;Allow financial asset management companies set up"Merger, acquisition and reorganization fund",Solve the problem of funding;Financial asset management companies merger and reorganization of the business contribution to total investment or acquisition of the proportion of non-performing assets that pay the price by 10% and 20% to 30% and 30%;On the asset risk weighting,Reduce the risk of merger and reorganization of the business of financial asset management companies.