| The report of the 20 th National Congress of the Communist Party of China proposes to strengthen the financial stability guarantee system,incorporate all types of financial activities into supervision according to law,and maintain the bottom line of avoiding systemic risks.After the outbreak of the COVID-19 epidemic,China’s economic growth slowed significantly,the real economy was greatly affected by the epidemic,and the non-performing asset ratio of the banking industry showed an upward trend.At the same time,with the deepening of the financial supply side reform,financial risk prevention and control has entered a period of institutional and institutional construction after the war,and the role of financial asset management companies in preventing financial risks,resolving non-performing loans,and promoting economic restructuring has once again become prominent.As a leading financial asset management company in China,C Financial Asset Management Company plays an important role in preventing and defusing financial risks.How to explore the disposal of non-performing assets in scientific development has become an important practical topic in the current operation and development of C Financial Asset Management Company.This paper takes the disposal of non-performing assets of C Financial Asset Management Company as the research object,combs relevant literature at home and abroad,and applies asset portfolio theory,information asymmetry theory,financial innovation theory,adverse selection and moral hazard theory,Popsicle effect and other theories.PEST and SWOT are used to analyze the macro environment,advantages and disadvantages,opportunities and challenges of the NPL disposal of C financial asset management company,and the status quo is studied from the aspects of NPL disposal process,disposal method,valuation and pricing,post-investment management,disposal effect,etc.Through interviews and questionnaires,C financial asset Management Company was found to have incomplete due diligence and inaccurate valuation and pricing on the disposal of non-performing assets;The post-investment management is not fine,and the asset disposal income is low;Weak marketing and promotion,low efficiency of asset disposal;The disposal means is relatively single,and the disposal of major projects is difficult;The incentive mechanism is not perfect,the business security is not sufficient and so on.Finally,on the basis of the experience of domestic and foreign financial asset management companies in the disposal of non-performing assets,this paper does due diligence to improve the valuation level.Strengthen post-investment management,improve disposal income;Strengthen marketing promotion,improve disposal efficiency;Optimize the disposal method and broaden the disposal ideas;To improve the incentive mechanism,ensure business development and other aspects of optimization countermeasures,in order to provide reference for other financial asset management companies to dispose of non-performing assets. |
