个贷「不良」正被加速「甩卖」

Core Viewpoint - The market for "ultra-short aging" personal loan non-performing asset packages is becoming increasingly active, with many financial institutions opting to quickly write off and transfer these assets without extensive collection efforts [1][8][11]. Group 1: Non-Performing Loan Information - Recently, China Bank Consumer Finance listed a batch of personal loan non-performing asset packages with a weighted average overdue period of only 93 days, all marked as "written off" and "not in litigation" [2][7]. - The total unpaid principal amount for these assets is approximately 22.46 billion yuan, with 296 asset cases involved [3]. - The average unpaid principal balance per borrower is about 81,164.35 yuan, and the average borrower age is 41.88 years [3]. Group 2: Market Trends - Since 2024, many consumer finance companies have adjusted their classification of non-performing loans to include those overdue for 90 days or more, leading to a rise in the volume of short-term non-performing assets [7][9]. - The average discount rate for personal loan non-performing asset packages has significantly decreased, with the average recovery rate dropping from 32.9% in Q1 2021 to 6.9% in Q1 2025 [10][11]. - The total transaction volume for personal non-performing loans reached 158.35 billion yuan in 2024, a 64% increase year-on-year, indicating a growing trend towards short-term asset packages [15]. Group 3: Regulatory Environment and Market Dynamics - Regulatory pressures have increased the difficulty of debt collection, prompting banks to expedite the disposal of non-performing assets to improve their financial statements [11][12]. - Local Asset Management Companies (AMCs) have gained significant market share in acquiring personal non-performing assets, supported by favorable regulations [21][22]. - The market is witnessing a shift as major players like JD Group are entering the personal loan market, aiming to create a complete cycle from customer acquisition to loan disposal [23][24]. Group 4: Efficiency Improvements - The recent announcement from the registration center allows for a reduction in the announcement period for non-performing asset transfers from 10 working days to 5, aimed at enhancing market efficiency [26].