The Market Creation Of Disposal On Financial Non-performing Asset

There are large quantity of financial non-performing assets in banking industry in China. They prevent the further development of finance industry and the national economy. Because China have entered in WTO already, we must open the finance industry overall. So it is an urgent thing at present to construct an integrate, efficient, orderly disposal market on non-performing assets.According to the theory of market creation and the combination finance innovation theory, the paper introduces the necessity and urgency of creating the disposal market on non-performing assets. Then through analyzing the market subjects and their relationships, and the distinguishing standard of the object, and the market order and disposal principle, we find the disposal market on non-performing is still in an undeveloped state. There are many problems, for example the market partition, market unqualified subject, the marketing conception undeveloped, finance market uncompleted, short of the market mechanism forming asset price. According to the subjects differentiation, market stratification and orderly competition, we must create an integrate, efficient, competitive disposal market. The paper constructs a market possessing the primary market and secondary market on the basis of the market reality at present and foreign successful experiences, and recommend the part rules of market maker.In order to make the market run efficiently, we must complete the mechanism of market, activate the market vigor, develop the market function overall. Firstly, we can improve the efficiency and control the new non-performing assets according to perfect the stimulating and control mechanism .Secondly, we must use variant disposal pattern and variant transaction ways to provide the convenience for the two sides of thetransaction, and increase the kinds of asset to realize the interest of the market subjects. Meanwhile, the reasonable policies are the key of the market. So we have to construct different disposal models, perfect the modern enterprise institution, strengthen the credit rules and regulation mechanism, and so on. Finally, the market must be open out, we can go out and come in, I believe we must have a broader disposal market on non-performing asset in the future.