亚洲金融危机之后，东亚各国金融机构出现大量不良资产（ＮＰＡ），如何化解ＮＰＡ成 为困扰各国的一大难题。东亚各国纷纷成立资产管理公司（ＡＭＣ）来处理各自的银行问 题。本文在研究东亚各国ＡＭＣ运作情况基础上对各国ＡＭＣ成效进行分析，总结了 东亚各国ＡＭＣ经验，指出ＡＭＣ效果不显著的多种原因。 After the Asian financial crisis, a great deal of non-performing assets (NPAs) emerged in financial institutions in East Asian countries. Therefore, how to resolve NPA has become a major problem that plagued various countries. East Asian countries have set up asset management companies (AMC) to deal with their own banking issues. Based on the study of AMC operation in East Asian countries, this paper analyzes the effectiveness of AMC in various countries, summarizes the experience of AMC in East Asian countries and points out the reasons why AMC is not effective.