Reporter Wang Kejin reports from Beijing.
Recently, a number of banks have stepped up efforts to dispose of non-performing assets.
Towards the end of the year, commercial banks concentrated on 'tackling tough problems' and adopted a variety of measures to increase the disposal of non-performing assets, with the aim of achieving the assessment targets of non-performing assets and coming up with bright indicators at the end of the year. In addition, some small and medium-sized banks are speeding up the pace of reform and risk reduction in accordance with the unified plan. Yang Haiping, a researcher at the Research Institute of the University of Finance and Economics and general manager of the Research and Development Department of the Bank of Inner Mongolia, said in an interview with a reporter from China Business News.
Non-performing loan transfers are hot
With the further advancement of the pilot project of non-performing loan transfer, the transfer of non-performing loans of banking institutions has continued to expand.
On December 8, the Banking Credit Assets Registration and Circulation Center** (hereinafter referred to as "Yindeng") disclosed the latest statistical table of institutions that have opened non-performing loan transfer business accounts, and since November this year, 16 new banks have opened accounts.
According to Yindeng.com, from November 1 to December 11, a total of 35 banks issued announcements on the transfer of non-performing loans, compared with only 18 banks in the same period last year. Judging from the specific situation of the transfer project, the non-performing loans of individuals and credit cards account for the majority.
For example, on December 4, information from Yindeng.com showed that Shanghai Pudong Development Bank (600000SH) Tianjin Branch plans to transfer 6,217 individual non-performing loans (19,955 transactions in total) to qualified asset management companies through open bidding through the Banking Credit Asset Registration and Circulation Center. On the same day, Beijing Rural Commercial Bank planned to transfer 116 credit card non-performing loans.
Recently, the "Implementation Opinions on Promoting the High-quality Development of Inclusive Finance" issued by ** put forward a series of policy measures. Among them, there are many mentions of speeding up the disposal of non-performing assets. For example, we will intensify efforts to dispose of non-performing assets, promote the implementation of support policies for the disposal of non-performing loans as soon as possible, and replenish the capital of small and medium-sized banks through multiple channelsExplore and expand judicial paths for more convenient disposal of non-performing assets in key areas of inclusive finance;Implement the management system for the write-off of bad debts of financial enterprises, and improve the efficiency of the disposal of non-performing loans in the field of inclusive finance ......
Bank of China (601988.)Li Yifan, a postdoctoral fellow at SH) Research Institute, believes that banks' active promotion of the disposal of non-performing assets can be understood from the following two aspects: "First, from the perspective of supervision, since 2023, supervision has gradually focused on comprehensively strengthening supervision, preventing and resolving risks, firmly guarding the bottom line of no systemic financial risks, and ensuring the legitimate operation and steady development of banks." Correspondingly, banks are promoting the disposal of non-performing assets, which is a positive response to regulatory requirements. Second, from the perspective of banks, through the effective management and timely disposal of non-performing assets, it can not only ensure that the core indicators of asset quality are within a reasonable range, thereby meeting regulatory compliance requirements, but also revitalize some of the credit resources that are inefficiently occupied, accelerate the flow of credit funds, and smooth the cycle of economic development, so as to provide solid support for the bank's strategic promotion, operation control and service quality and efficiency improvement. ”
From "disposal" to "operation".
According to the China Bond Information Network, since December, as of December 13, a total of 30 asset-backed **-related announcements have been issued, of which 25 involve non-performing asset-backed ** (hereinafter referred to as "non-performing ABS").
Regarding the rise in the issuance of non-performing ABS, Li Yifan said: "First, as the end of the year approaches, some banks have stepped up the disposal of non-performing assets in order to ensure that the core indicators of asset quality meet regulatory requirements, which has given rise to the demand for 'off-balance-sheet' of non-performing assets. Second, non-performing ABS has the advantage of less capital occupation, and by reducing the occupation of capital by existing non-performing assets, more credit funds can be released to the real economy and the structure of bank credit assets can be optimized. On the whole, considering the relative advantages of non-performing ABS, there is still a lot of room for banks to dispose of and revitalize non-performing assets in this way in the future. ”
Yang Haiping said: "On the one hand, commercial banks have recognized the role of non-performing ABS in optimizing indicators and revitalizing existing credit assets, and will issue non-performing ABS as a routine disposal channel. On the other hand, the increase in the issuance of non-performing ABS is partly related to the rise in the amount of non-performing assets of personal housing loans and credit cards. Generally speaking, NPL ABS faces the problems of difficult screening and valuation of underlying assets, and relatively speaking, the valuation methods and valuation results of personal mortgage and credit card NPAs are more likely to be recognized by investors. ”
Yang Haiping said: "Commercial banks want to upgrade the disposal of non-performing assets to the operation of non-performing assets, and their innovation space mainly lies in using investment banking concepts and investment banking methods to explore and realize the value of non-performing assets. In the context of macroeconomic pressure, commercial banks have regarded non-performing assets as important operable assets, and regarded the operation of non-performing assets as the second channel to serve customers and the second battlefield to serve the real economy. ”
Specifically, commercial banks should link the operation of non-performing assets with major national development themes, industrial development and the cultivation of economic growth momentum, and look for the fulcrum of the revaluation of non-performing assets in combination with regional development strategies and development prioritiesCombined with factors such as the turning point of the industry cycle, we will look for the fulcrum of the revaluation of non-performing assets;By expanding the depth of the market, we will look for the fulcrum of the revaluation of non-performing assets. Explore the transformation from traditional disposal methods to comprehensive operations with restructuring and reorganization as the core;Shift from a focus on the disposal of troubled assets to a focus on the revitalization of problematic enterprisesTransition from a traditional asset-buying relationship to a cooperative relationship of joint management. Yang Haiping suggested.
The first-class economic work conference just held proposed that it is necessary to coordinate and resolve the risks of real estate, local debt, small and medium-sized financial institutions, severely crack down on illegal financial activities, and resolutely adhere to the bottom line of no systemic risks. Actively and prudently resolve real estate risks, meet the reasonable financing needs of real estate enterprises with different ownership systems without discrimination, and promote the steady and healthy development of the real estate market.
In the future, banks need to continue to promote the disposal of non-performing assets. Li Yifan said: "First, strengthen the empowerment of science and technology, and apply big data, artificial intelligence and other technologies to the disposal process of non-performing assets under the premise of regulatory compliance, so as to improve the efficiency of non-performing asset disposal. Second, in combination with its own strategy and development needs, it actively explores and broadens the types and scope of non-performing asset undertaking institutions, actively promotes diversified and market-oriented disposal tools such as assetization, transfer of asset income rights, and debt-to-equity swaps, and prevents and resolves the risk of non-performing assets through the comprehensive use of various means. The third is to further improve the efficiency of write-off of non-performing assets, optimize the write-off procedures in a timely manner, lower the write-off threshold, and realize the full verification of non-performing assets. ”
Editor: Zhu Ziyun Proofreader: Liu Jun).