| As the Banking Regulatory Commission and the Ministry of Finance have expanded the list of local asset management companies,and guided asset management companies to focus more on the main business of non-performing assets,the four major state-owned asset management companies,local asset management companies,private investors,and foreign-funded institutions have all turned to traditional bad Asset advances.At the same time,due to the severe impact of ’COVID-19’ this year on the production and operation of small and micro enterprises and the sharp decline in global stock markets,another round of small peaks in non-performing assets is inevitable.The influx of funds and the increase in non-performing assets,as investors who undertake the primary market package of banks and other investors,to scientifically price non-performing assets are the basis for the sustainable and stable development of the market and the guarantee for subsequent disposal or transferThis thesis takes the non-performing assets as the research object,sorts out the research on the non-performing assets pricing at home and abroad,illustrates the development status of the non-performing asset market and asset management companies in China,analyzes the direct and indirect factors affecting the non-performing asset pricing,and comprehensively compares multiple pricing methods.Based on this,the idea of establishing a multiple regression pricing model is proposed.Using the historical data of non-performing assets of SZ Asset Management Company,the factors affecting the pricing of non-performing assets in the model are analyzed.The pricing equation is established and the prices are calculated to prove the validity of the multiple regression pricing model.This model circumvents the shortcomings of traditional asset pricing methods such as low efficiency and strong subjectivity.It uses mathematical statistics to make the pricing results more scientific and accurate.This model provides an opportunity for the asset management company to set up a complete non-performing asset disposal data system and provides data and technical support for efficient acquisition,transfer and disposal of non-performing assets.The selection of pricing methods for non-performing assets also requires different pricing methods for different situations of non-performing assets.For example,if the company is insolvent,it is more appropriate to use a combination of hypothetical clearing algorithms. |
