头部机构出手：“白菜价”甩卖

Core Viewpoint - Consumer finance companies in China are accelerating the transfer of non-performing assets, with significant discounts on the transfer prices, indicating a growing urgency to manage bad debts effectively [2][3]. Group 1: Asset Transfer Details - Hangyin Consumer Finance Co., Ltd. announced a transfer of a non-performing loan package with an unpaid principal and interest totaling 1.974 billion yuan, with a starting price of 70 million yuan, representing only 0.35% of the total value [4]. - The package involves 88,000 borrowers and has an average overdue period of approximately 46 months, suggesting low repayment willingness and capability among borrowers [4]. - Ant Financial Consumer Finance Co., Ltd. also announced a transfer of a non-performing loan package with a total unpaid principal and interest of about 1.18 billion yuan, starting at 125 million yuan, which is about 10% of the total value [4]. Group 2: Market Trends - As of October 21, 2023, 19 consumer finance companies have transferred 166 non-performing loan projects through the Silver Registration Center this year [5]. - In October alone, the total scale of non-performing personal consumption loans transferred by consumer finance companies exceeded 4.5 billion yuan, with an average transfer price of 6.17% of the original asset value [6]. Group 3: Factors Driving Asset Transfers - The industry views the bundling and transfer of non-performing loans as a more cost-effective and time-efficient method compared to traditional collection and litigation processes, allowing companies to focus on core business areas like customer acquisition and risk control [8]. - Since 2025, regulatory bodies have encouraged asset management companies (AMCs) to increase their acquisition and management of non-performing assets under controlled risks, promoting market development [8]. - Local AMCs are the primary buyers of these non-performing asset packages, and despite the challenges in asset disposal, they can achieve profitability through specialized collection methods and low acquisition prices [9].