| Under the continued impact of economic sanctions and the epidemic in China,the overall domestic macroeconomy downturns,the overall non-performing assets scale of commercial banks has risen sharply.By the end of 2021,the scale of nonperforming assets in China’s banks was close to 3 trillion yuan,with the nonperforming asset ratio on the rise likewise.The existence of asset management companies can largely resolve these crises,but they still face huge challenges and opportunities against the background of the continuous increase of non-performing assets in the market.As one of the four major asset management companies in China,O Asset Management Company has been specialized in the disposal of non-performing assets of nationalized banks since its establishment,and after more than 20 years of development and growth,it has established a complete operation system in the field of non-performing assets,while striving to transform to commercialization and expanding its financial territory.After 2014,due to the overall economic downturn and the serious debt crisis of several major shareholders who could not repay their loans,the quality of D Bank’s assets took a sharp turn for the worse.While the need of outside help to deal with non-performing assets,it also need a shareholder with a strong background to guarantee sustainable development in the future.O Asset urgently need a bank license to broaden its business territory and become a financial holding group.In the end,the two parts reached an agreement that O Asset purchased Bank of D and became its controlling shareholder,and then adopted a series of ways to dispose the non-performing assets to help Bank of D get out of its difficulties.This way of making the disposal object become its own subsidiary through the acquisition of capital injection is unique and refreshing in the history of NPL disposal in China.Selecting this case as the object of analysis is of certain innovation,and it is also of great reference significance for the innovation of disposal method which this paper focuses on discussing.This paper discusses the theories of non-performing assets to guide the disposal process,and the disposal methods,advantages and disadvantages of China’s asset management companies in the development of non-performing assets.The paper takes the non-performing loan index of Bank of D as the starting point,focuses on comparing the financial data and non-performing loan index of Bank of D in the years before and after the disposal,and analyzes whether the disposal of non-performing assets by O Asset has caused a sustained positive impact on Bank of D after the disposal.Finally,this paper finds out the feasible points worthy of reference and the places that should be optimized in this case,and concludes that the asset management company should give full play to its own advantages and continuously innovate the disposal method against the background of the increasing scale of non-performing assets year by year,so as to effectively help China’s commercial banks and other financial institutions out of the non-performing assets dilemma. |
