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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ADB and PPA co-organize the 8th IPAF Training Seminar

The Asian Development Bank (ADB) in partnership with the Indonesian Public Asset Management Corporation, PT Perusahaan Pengelola Aset (PPA) co-organized the 8th IPAF Training Seminar on 22–23 April 2024 in Menara Danareksa, Jakarta, Indonesia.

Tailored for participants from public asset management companies, deposit insurance companies, and government officials from central banks and ministry of finance of ADB developing member countries, the two-day seminar explored the benefits of foreign involvement in NPL market development while effectively managing potential investment volatility and emphasized the creation of an online platform for NPL transactions in Asia and the Pacific as an additional approach to NPL resolution. More than 150 participants from 16 countries attended.

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IPAF celebrates its 10th year anniversary and the 7th IPAF Summit and Conference, 20-22 September 2023, Bali, Indonesia

The Asian Development Bank, Perusahaan Pengelola Aset (PPA) and the Indonesian Ministry of State-Owned Enterprises co-organized the 7th IPAF Summit & Conference on “Stronger Recovery through Regional Financial Cooperation” held in Hotel Merusaka Nusa Dua, Bali, Indonesia.

The event assessed the current global financial stability, its risks and vulnerability to future shocks. The discussion also covered the implications of surging NPLs to financial stability and the collective measures needed to sustain stability.

The IPAF's 10th year anniversary celebration kicked off the event.

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ADB Commences the IPAF 2nd Feasibility Study

The Asian Development Bank and the International Public Asset Management Companies (AMC) Forum (IPAF) are collaborating on a project toward strengthening Asia’s NPL markets through the establishment of an electronic NPL trading platform. This platform would possibly enable cross-border transactions between IPAF members and investors in addition to domestic transfers of NPLs.

Building on the general insights of the first study, the second feasibility study will focus on the implementation details in Viet Nam by identifying technical, legal and regulatory challenges that need to be addressed prior to establishing an NPL trading platform.

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ADB and IPAF co-organize an International Conference, NPL Report Launch and IPAF High-Level Coordinating Council Meeting

The Asian Development Bank and the International Public Asset Management Company Forum (IPAF) hosted the International Conference on Regional Cooperation for Safeguarding Macroeconomic and Financial Stability on October 27, 2022, at ADB Headquarters in a hybrid format with sessions streamed via Zoom.

Simultaneously, the report on “Road Map for Developing an Online Platform to Trade Nonperforming Loans in Asia and the Pacific” was released and a high-level Coordinating Council Meeting from IPAF member institutions from the People’s Republic of China, the Republic of Korea, Thailand, Viet Nam, Kazakhstan, Indonesia, Malaysia, and Mongolia concluded the event.

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ADB and KAMCO co-host the 7th IPAF Training Seminar

IPAF virtually conducted its 7th Training seminar on June 2022 with the theme “Seeking New Mechanism Addressing an Upsurge of Nonperforming Loans in post-COVID 19 Era.”

The seminar equipped more than 150 participants from 12 developing member countries and 22 financial institutions including central banks, ministries of finance and asset management companies with a timely suite of training sessions to enhance their understanding and appreciation of various mechanisms to address rising NPLs.

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