Nonfinancial Pricing Of Bad Debt Disposal

Based on the analysis of domestic and international macro-economic environment, the combination into the development of China’s current economic growth of around7%of the "new normal" period, pointing out that the present stage assets, including banks, financial institutions, not only in this area climbed to the poor conversion rate to financial institutions lending power down; the real economy more difficult, difficult to pay money exchanges between enterprises, accounts receivable, entrusted loans, the recovery time is not a lot of money, so that the cash flow business entities curing, not only affects business entities normal business activities, but also for its repayment of loans from financial institutions left hidden. The ability of non-financial assets increased number of non-performing enterprises, eroding corporate entity to repay loans from financial institutions, making the non-performing assets between companies to migrate to non-performing assets of financial institutions, financial institutions, and ultimately makes the poor rise, reducing the liquidity of financial institutions, in turn, further pumping loans for business entities, ultimately resulting in a vicious cycle.The end of2012, the CBRC to Huarong, Great Wall, Orient and Cinda issued four financial asset management companies under the "Financial asset management companies to acquire non-performing assets management approach (draft) financial institution" for resolving the above dilemma provides a new ideas. With the financial asset management companies to carry out a pilot performing assets to non-performing loans at the core of the acquisition of.enterprises, to a large corporate entity inject liquidity to support the real economy. Pricing disposal of non-performing financial assets has been relatively mature, rather than the acquisition of non-performing loans and financial restructuring, the current due to the still in the pilot stage, has not yet formed a mature pricing model to guide the development of theory and practice. This paper attempts to study the pricing of non-financial non-performing loans as the core, through the acquisition of currently available non-debt restructuring cases, to analyze the acquisition and disposal of non-performing assets of financial services with a broad market, the establishment of the disposal of non-performing loans to non-financial model pricing, actual business development to provide theoretical guidance and empirical formula.