The downward pressure on China's economic growth has increased, and the "deleveraging" and "de capacity" policies and strict financial supervision policies have been continuously promoted. The supply of non-performing assets in the real economy has continued to rise. How to grasp the opportunity period of counter cycle acquisition of non-performing assets, upgrade the business model and promote the liquidation of non-performing assets, is the task facing practitioners.
Industry insiders pointed out that non-performing assets are only good assets misplaced. From this point of view, the fundamental way to deal with non-performing assets is to transfer assets through transactions. In this process, vigorously developing financial science and technology is conducive to the allocation of assets in a wider range, so as to improve the efficiency of asset disposal.
"In the future, the scale of non-performing assets in China's financial system and real economy may continue to rise." Zhang Xiangdong, assistant president of Orient Asset, said at the third AMC development international financial forum in China.
He also pointed out that this is mainly based on three reasons: first, the current policy positioning of non speculation in real estate is clear, as of the end of September, the growth rate of real estate investment has declined for 14 consecutive months; however, since the start of the housing reform 20 years ago, credit with real estate and land as collateral has accounted for a large proportion of China's financial system, and a large number of assets are gathered in the real estate field.
Second, the current economic growth tends to decline. In the past, the overcapacity of traditional industries such as steel and coal, which are supported by credit and finance, and the process of old and new industries to remove capacity are also the process of breeding non-performing assets. Third, strict financial supervision and normalization.
Jin Guowei, vice mayor of Dalian City, said on the same occasion that due to various factors, the non-performing rate of Dalian city is increasing, which is now 7%, far higher than the national level.
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