2024年第4季度银行间市场NPAS指数

Investment Rating - The report does not explicitly provide an investment rating for the NPAS industry Core Insights - The NPAS index reflects the recovery performance of various asset-backed securities in the interbank market, indicating a relative level of recovery compared to historical averages [1][2] - The recovery climate for different NPAS categories shows varying trends, with some categories experiencing declines while others maintain stability [8][11][15][21] Summary by Category Mortgage NPAS - Initial asset scale for Q4 2024 is 1220.5 billion, down from 1549.2 billion in Q3 2024 and 1770.7 billion in Q2 2024 - Current recovery climate is at 72.2, with cumulative recovery climate at 82.8, indicating a decline from previous quarters [1] Credit Card NPAS - Initial asset scale for Q4 2024 is 2476.4 billion, down from 2846.7 billion in Q3 2024 - Current recovery climate is at 77.1, with cumulative recovery climate at 70.7, showing a downward trend since Q3 2020 [1][11] Consumer Credit NPAS - Initial asset scale for Q4 2024 is 61.1 billion, significantly reduced from 116.5 billion in Q3 2024 - Current recovery climate is at 96.9, with cumulative recovery climate at 80.4, indicating a relatively stable performance [1][15] Micro Enterprises NPAS: Credit Type - Initial asset scale for Q4 2024 is 306.8 billion, slightly down from 329.7 billion in Q3 2024 - Current recovery climate is at 86.3, with cumulative recovery climate at 86.1, suggesting a stable recovery performance [1][18] Micro Enterprises NPAS: Real Estate Mortgage Type - Initial asset scale for Q4 2024 is 176.5 billion, down from 223.0 billion in Q3 2024 - Current recovery climate is at 99.2, with cumulative recovery climate at 106.2, indicating strong recovery performance [1][21]