《金融资产管理公司不良资产业务管理办法》解读：AMC不良资产收购范围进一步拓宽 助力化风险、 稳增长

Core Insights - The report highlights the release of the "Management Measures for the Non-Performing Asset Business of Financial Asset Management Companies" which aims to expand the scope of non-performing asset acquisitions by AMCs, thereby aiding in risk mitigation and supporting economic growth [2][3] - The report emphasizes the urgent need for financial institutions to address non-performing assets due to increasing asset risk characteristics and regulatory pressures, which have limited their ability to support the real economy [3][4] Summary by Sections 1. Background of the Measures - The report outlines that the financial institutions are facing heightened asset risk characteristics, necessitating the need for effective management of existing assets. The tightening of regulations has increased the complexity of risk management, impacting profitability and capital adequacy [3][4] - It also notes the ongoing pressure for economic stability, particularly in sectors like local government financing and real estate, which have been under significant risk [3] 2. Key Contents and Focus Areas of the Measures - The Measures consist of 8 chapters and 70 articles, detailing the principles that AMCs must follow, including compliance, prudence, transparency, and reasonableness [4][6] - The report identifies three major changes: 1. The expansion of the types of non-performing assets that AMCs can acquire, including substandard and loss assets, restructured assets, and overdue corporate debt claims [7][8] 2. The allowance for AMCs to engage in consulting and other related services, addressing market demand for such services and leveraging AMC's expertise [7][8] 3. The clarification of regulatory requirements for due diligence, pricing, and disposal announcements, aimed at enhancing the professional capabilities of AMCs [8] 3. Policy Review and Market Overview - The report reviews recent regulatory policies that have tightened financial asset risk management, emphasizing the need for AMCs to enhance their risk resolution capabilities [9][10] - It provides a market overview indicating that commercial banks remain the primary source of non-performing assets, with a reported non-performing loan balance of 3.34 trillion yuan and a non-performing loan ratio of 1.56% as of June 2024 [13][14] 4. Impact and Outlook of the Measures - The implementation of the Measures is expected to enable financial institutions to manage non-performing assets more flexibly and efficiently, thereby improving asset quality and supporting the real economy [15][17] - For AMCs, the Measures will broaden their business scope and focus on their core responsibilities, enhancing their role as a financial risk buffer and stabilizer [17]