Study On The Pricing Of Non-Performing Assets Of Asset Management Company

The disposal of non-performing assets is an important part of China's sound financial system.It is also a necessary condition for preventing financial risks and promoting the sustained and healthy development of the financial industry.China since 1999 to establish the four major state-owned asset management companies,and now has formed a four major asset management companies to local asset management companies,supplemented by other third-party service agencies with non-performing assets disposal pattern.In the early stages of development,the disposal of non-performing assets with a strong administrative color,and then gradually to the market-oriented reform,and now basically formed a market for non-performing assets disposal.In China's non-performing assets disposal practice,but also to explore a lot of disposal experience,to solve the problem of bad assets in the banking sector,to maintain financial stability has made important contributions.So far,China has set up a total of more than 30 local asset management companies,there are some local asset management companies in the preparation of them.Local asset management company is in China's financial industry,the rapid expansion of the scale of non-performing assets,the rapid rise in the rate of non-performing assets set up from the beginning of the first batch of local asset management companies in 2014,the effective use of the four major state-owned assets management company Of the business gaps,for the disposal of non-performing assets in the region,to resolve the regional financial risks play an important role.In addition,local asset management companies are also actively exploring the business model,out of a four state-owned asset management companies with differentiated competition.In this paper,from the perspective of local asset management companies,the paper first introduces the current situation of the disposal of non-performing assets,from the supply side and the demand side of the two aspects of the analysis,on the one hand,increasing supply side,on the other hand,limited disposal of non-performing assets,Illustrates the current need for research on the disposal of non-performing assets.Second,the factors that affect the value of non-performing assets,including financial factors,but also non-financial factors.On the basis of the above contents,the pricing method of the bad asset price is also analyzed,and the methods of calculating the calculation,the comparative case,the debt rating method and the credit evaluation method are studied emphatically.The use of these methods is studied Steps and the situation,and the advantages and disadvantages of these methods were analyzed.Finally,according to the current value of non-performing assets assessment methods and evaluation system problems,targeted to each pricing method to make relevant recommendations.For example,for the pricing method,it is necessary to strengthen the construction of enterprise accounting system to ensure the authenticity and completeness of the financial information of the enterprise.The relevant parameters should be further quantified to avoid the influence of subjective factors on the valuation results.For the pricing system,it is necessary to strengthen the theoretical research on the non-performing asset pricing method,strengthen the research on the non-debt form non-performing assets and 'strengthen the risk identification and risk control in the disposal process.