Research On Bank Non-performing Asset Disposal Models And Model Optimization In China

At present,the growth momentum of the world economy is insufficient,China's macroeconomic downward pressure is heavy,and the systemic risks induced by China's corporate debt problems and banks' non-performing assets have drawn continuous attention.The research on the non-performing asset disposal model and its optimization suitable for the future development of banks has theoretical and practical significance for guiding the non-performing asset risk management and scientific disposal.First of all,this paper sorts out the current situation and development trend of the disposal of non-performing assets in China's banks,and proposes that the traditional disposal model of non-performing assets represented by collection,bad debt write-offs and capital offsetting has financial risk accumulation,accelerated asset depreciation,and asymmetric information problem.Based on this,this paper explores a solution based on the theory of risk isolation,call option theory and principal-agent theory,and points out that the three traditional optimization models should be developed for the shortcomings of the traditional model: securitization of bad assets,restructuring of bad assets and internet platformization.Secondly,this paper conducts theoretical analysis and case studies on the three optimization modes.Through the research and judgment of the development profiles of the three modes,it presents the practical obstacles to the development of each optimization mode,and based on this,it proposes the development direction of how each mode solves the problem.At the same time,this paper selects "19 Gongyuan" non-performing asset securitization products,Valin Steel's market-oriented debt-to-equity swap and major asset restructuring projects,and Ping An's self-built AMS platform to analyze the characteristics of each case and corresponding model.Optimized comparative studies provide realistic evidence and case support.Then,this article focuses on the comparative analysis of the three optimization models of non-performing asset securitization,non-performing asset restructuring and Internet platformization in terms of application distribution,asset characteristics,efficiency and benefits,and existing risks,and finds banks and AMC(and AIC)The two business areas of non-performing asset securitization and non-performing asset restructuring respectively highlight their advantages,and the development of the Internet platform can help the first two models alleviate the problem of information asymmetry and improve the efficiency of disposing of non-performing assets.At the same time,due to the differences in the regions and industries in which the three models are applied,it provides a realistic basis for the development of model development strategies by region and industry.In addition,through comparative analysis,it was found that the information disclosure requirements of non-performing asset securitization and Internet platformization are insufficient,and the liquidity risk faced by investors in each model is the most prominent.Finally,based on the case analysis and comparative analysis of the three models,it puts forward policy recommendations on legal construction and information disclosure,the capital market system,non-performing asset funds,the transformation of the role of lawyers,and the combination of various methods,etc.I hope the article will make a certain marginal contribution to the healthy development of the non-performing asset industry.