Construction And Application Of Risk Evaluation Model For Non-performing Assets Disposal Of XD Asset Management Company

After the Asian financial crisis,in order to effectively solve the problem of large non-performing assets caused by domestic banks,defuse financial risks and ensure the steady development of the financial industry,China has successively established four asset management companies,namely Cinda,Huarong,Great Wall and East,as"Financial Fire Brigade " focused on receiving management and disposal of distressed assets from the five state-owned banks.In the past two decades,the disposal of non-performing assets has achieved remarkable results,resolving the risks in the banking system effectively,promoting the reform of state-owned banks,and supporting the reform of state-owned enterprises and the adjustment of economic structure.With China's economic development entering a new era,the domestic non-performing asset market has also undergone major changes.Especially,after the global financial crisis in 2008,the global economy was in a slow recovery and structural rebalancing process.Under the superimposition of the" three phases " of the domestic economy,the pressure on economic growth is relatively greater and the financial sector still faces more serious risks.In recent years,the non-performing loans of domestic commercial banks continued to rise and the size of non-performing loans continued to increase.At the end of 2017,the non-performing loan ratio of commercial banks was 1.74%and the non-performing loans reached 1.7 trillion yuan.Under the new situation,as local AMC companies and other non-licensed institutions enter the non-performing asset industry in one after another,the competition in the non-performing asset market is becoming more and more fierce.However,new entrants lack experience in disposal of non-performing assets,risk control awareness is not strong,and the risk of non-performing assets disposal market is increased.Therefore,it is very important to prevent and control the risk of non-performing assets disposal.Based on the current situation of the disposal of non-performing financial assets in China and the risk management of non-performing assets of XD Asset Management Co.,Ltd.,this paper uses the methods of access to information,expert interviews and case studies to analyze the risk sources,the causes of the risks in the disposal of assets identify various risk factors.Based on the identified risk factors,a risk assessment model for the disposal of non-performing assets is constructed.Finally,the risk assessment of the non-performing assets disposal projects is implemented through the model.At the same time,it is expected that the application of this model can provide support for the macro analysis and research on the risk management of non-performing assets of XD Asset Management Corporation,and help to improve the risk prevention and control ability of non-performing assets disposal.Ultimately,it can reduce the risk of non-performing assets disposal and improve the disposal of non-performing assets efficiency and effectiveness.