It added it should receive no less than 17.7 billion yuan for the transaction. Bohai Bank is looking to get large soured loans off its balance sheet and said there are six potential buyers. The six potential buyers include the local Tianjin branches of China's four major asset management companies (AMCs): China Orient Asset Management, China Cinda Asset Management, China Great Wall Asset Management and China CITIC Financial Asset, and two local bad loan management firms Tianjin JR Assets Management and Tianjin Binhai Zhengxin Assets Management. The four AMCs were established in the late 1990s following the Asian financial crisis to acquire and dispose of non-performing loans from state-owned banks. Over time, they have expanded their operations into broader financial services.