不良转让试点再延一年 自查审计成监管新重点

Core Viewpoint - The pilot program for the transfer of non-performing loans has been extended until December 31, 2026, allowing financial institutions to adjust and manage risks more effectively [1][2]. Regulatory Developments - The extension of the pilot program marks the second delay since its initiation in January 2021, originally set to end on December 31, 2025 [1][2]. - New requirements for internal control and audit supervision have been introduced, mandating institutions to conduct self-inspections and complete special audits by May 31, 2026 [3]. Market Impact - The extension is expected to alleviate pressure on financial institutions regarding the disposal of non-performing assets, as evidenced by a significant increase in transfer announcements in December 2025 [2]. - The banking sector has seen a rise in the transfer of personal non-performing loans, with 352 announcements made in December 2025, up from 201 in November [2]. Operational Adjustments - The China Banking Asset Registration and Transfer Center has optimized the transfer process, reducing the announcement period for asset packages from at least 10 working days to 5 [2]. - Starting January 1, 2026, the center will waive listing service fees for non-performing loan transfers and offer a 20% discount on transaction service fees [2]. Future Considerations - Regulatory bodies emphasize a cautious approach to market expansion, indicating that further relaxation of policies will depend on the outcomes of audits and rectifications by pilot institutions [3]. - The current participant landscape includes major banks, key regional banks, and some trust companies, which is deemed sufficient for the basic operation of the market [3].