The 9th IPAF Summit & Conference Convenes in Ulaanbaatar, Mongolia

Asian Development Bank (ADB), Mongolia Asset Management Corporation LLC (MAMCO), Bank of Mongolia (BOM), and the Deposit Insurance Corporation of Mongolia (DiCOM) co-hosted the 9th IPAF Summit & Conference in Ulaanbaatar, Mongolia.

Participants explored strategies for advancing nonperforming loan (NPL) resolutions and safeguarding financial resilience across Asia and the Pacific, with a focus on policy, technology, and regional cooperation.

The Conference successfully convened over 141 participants, including representatives from 28 financial institutions across 14 countries. Attendees included officials from central banks, ministries of finance from selected developing member countries, and IPAF members such as asset management firms and deposit insurance companies.

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ADB, ZIB and ZSAMC co-organize the 9th IPAF Training Seminar

The Asian Development Bank (ADB), Zhejiang International Business Group Co., Ltd. (ZIB), and Zhejiang Zheshang Asset Management Company, Ltd. (ZSAMC) co-hosted the 9th IPAF training seminar on 13–14 May 2025 in Hangzhou, People’s Republic of China.

The seminar provided a platform for participants—including public Asset Management Companies (AMCs), Deposit Insurance Companies (DICs), and government officials from ADB Developing Member Countries (DMCs) in the region—to engage in in-depth discussions, case study analyses, and technical training sessions, gaining essential knowledge and strategies for navigating the investment and management of Nonperforming Loans (NPLs). The event attracted over 500 representatives from DMCs and IPAF member institutions, who attended the training both in person and online.

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The 8th IPAF Summit and International Conference Promotes Sustainable Asset Management and Financial Inclusion

The annual summit and conference, organized by the Asian Development Bank (ADB), Zhejiang International Business Group (ZIB), and Zhejiang Zheshang Asset Management Company, Ltd. (ZSAMC), focused on how to foster an environment that is supportive of enabling regulations while ensuring sustainable asset management and financial inclusion in the face of accelerating digital transformation.

The event was held at the InterContinental Hotel Hangzhou, People's Republic of China on 12 - 13 September 2024. Attended by participants from a selected developing member countries (central banks and ministries of finance), IPAF members (asset management and deposit insurance companies), and private financial institutions.

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Recovered Assets Management Company (RAMCO) and Tianjin Binhai Zhengxin Asset Management Co., Ltd. (BHZXAMC) join IPAF

At the 8th IPAF Summit held in Hangzhou, two asset management companies were formally welcomed as the newest members of the IPAF community.

RAMCO, a state-owned asset management agency in Kazakhstan and Tianjin Binhai Zhengxin Asset Management Co., Ltd., a local asset management company based in Tianjin, People’s Republic of China.

RAMCO, established on October 9, 2023, is responsible for disposing of assets recovered from illegal acquisition in accordance with Kazakhstan's Law Return of Illegally Acquired Assets to the State," while Binhai Zhengxin, licensed by the China Banking and Insurance Regulatory Commission, specializes in nonperforming loan acquisition and disposal.

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