Rating agency Hewa's full online reduction rating of the four major state -owned asset management companies in China.Hewlett -Packard expects the support of these companies to reduce their support and worry about their financial conditions.
Comprehensive Bloomberg and Hong Kong Economic Daily reported that Fitch announced on Thursday (January 4) that the breeding rating of China Cinda Asset Management and China Oriental Asset Management was reduced from A to A-.The rating of China Huarong Asset Management and the Great Wall Assets Management of China was reduced from BBB+to BBB.
After lowering the rating of these companies, Hewlett -Packard's rating of China Cinda is stable, and the remaining three state -owned asset management companies are included in a negative list of negative observation. The financial report was released in 2023 to evaluate any further furtherFinancial deterioration or the government's tendency to reduce support.
Hewlett -Packard stated at the press release that due to factors such as poor financial performance, capital constraints, and government support, these companies' ability to purchase non -performing assets were suppressed.
Among the four major asset management companies, Fitch believes that China Cinda’s capital status and internal profitability are relatively ideal, and it is expected that it will pay more policy responsibilities to support the stability of the financial system. This will be.It is beneficial to get more policy support.
Another rating agency Moody's December last December reduced the Chinese rating outlook to negative, and the China Cinda and China Oriental were listed in the rating list.Moody's at that time also lowered the eight major banks in China, which further reflected the market's concerns about China's economic prospects.
Fitch's outlook for the Chinese economy last December was "neutral", and mentioned that continuous risks such as the real estate industry's dilemma will restrain China's economic growth.
