Ｃｅｎｔｒａｌ Ｂａｎｋ Ｓｅｔｓ ｕｐ Ｆｉｆｔｈ Ａｓｓｅｔ Ｍａｎａｇｅｒ

The central bank wil finance their fifthasset management corpration，HuidaAsser Management Ltd.，to recover non-performing refinancing olan.

The corporation's establishment is said tobe another important central bank move to dealwith non-performing loans that can be tracedback a far as 1996 and 1997. The Ministry ofFinance and the China Securities RegulatoryCommission have authorized the corporationwith 100 million yuan of registration assetsand less than ten years to run， a central bankmember of staff said.

In additionto Huida AssetManagement，the central bankset up ChinaHuarong AssetManagementCorporation， China Great Wall Asset Manage-ment Corporation， China Orient Asset Man-agement Corporation and China Cinda AssetManagement Corporation in recent years.