近年来，随着普惠金融覆盖面不断延伸，客群下沉的同时，也带来了资产质量层面的考验。小微企业与个人偿债能力易受经济波动、收入等因素影响，银行 与消金机构的普惠类资产质量压力正逐步显性化。作为普惠金融服务的两大主力军，银行与消金机构纷纷打响资产质量保卫战，推动普惠金融"质效并重"， 实现可持续发展。 动作频频 与大中型企业相比，小微经营主体普遍存在经营不稳定、缺少有效抵押物等问题；在宏观经济波动因素的影响下，个人偿债能力的下降，也对消费贷、经营 贷资产质量形成压力。 当前，普惠金融主力军正多线推进"资产质量保卫战"。2025年以来，银登中心平台上，多家银行与消金机构正高频挂牌小微企业、个人消费贷及经营贷不良 资产转让项目，市场活跃度显著提升。 从处置方式来看，一方面，多家银行通过银登中心批量转让不良债权。例如，平安银行11月集中发布多笔转让公告，其中济南宝世达实业等17户小微企业不 良资产包未偿本息达7.62亿元；中原银行许昌分行推出的2025年第1期个人不良贷款转让项目，涵盖453笔消费及经营性贷款，未偿本息达5.22亿元。另一方 面，针对业务中形成的各类抵债资产，精准盘活成为行业新趋势，多家银行在阿里资产平台、 ...

金融机构密集出清不良的动作，本质上凸显了资产质量对普惠金融生态的核心支撑作用。 动作频频 与大中型企业相比，小微经营主体普遍存在经营不稳定、缺少有效抵押物等问题；在宏观经济波动因素 的影响下，个人偿债能力的下降，也对消费贷、经营贷资产质量形成压力。 当前，普惠金融主力军正多线推进"资产质量保卫战"。2025年以来，银登中心平台上，多家银行与消金 机构正高频挂牌小微企业、个人消费贷及经营贷不良资产转让项目，市场活跃度显著提升。 从处置方式来看，一方面，多家银行通过银登中心批量转让不良债权。例如，平安银行11月集中发布多 笔转让公告，其中济南宝世达实业等17户小微企业不良资产包未偿本息达7.62亿元；中原银行许昌分行 推出的2025年第1期个人不良贷款转让项目，涵盖453笔消费及经营性贷款，未偿本息达5.22亿元。另一 方面，针对业务中形成的各类抵债资产，精准盘活成为行业新趋势，多家银行在阿里资产平台、京东资 产交易等渠道公开处置相关不良抵债资产，银行下场"卖房"一度成为市场热议的话题，其中，部分拍卖 标的涉及的贷款来源于个人贷款、小微企业贷款等。 相较于银行，消金机构的不良处置更显"迫切"。价格端"地板价"频现 ...

经济观察网银登中心网站消息，2025年12月8日至9日，兴业消费金融集中发布23-30期个人消费贷款不 良贷款转让公告，加速不良资产出清。此次挂牌的8期不良贷项目合计未偿本息总额88.62亿元，单期规 模均保持在7亿元以上，其中4期项目规模突破12亿元，呈现出单期体量较大、处置集中度高的特点。值 得注意的是，相关项目最高加权平均逾期天数达1442天，不良资产沉淀周期较长，处置难度相对突出。 (编辑：金倩) ...

Core Viewpoint - The article highlights the significant increase in the transfer of non-performing assets (NPAs) by commercial banks, particularly focusing on Huaxia Bank's recent launch of over 11.3 billion yuan in credit card NPA packages, marking a new high in the industry for a single institution's asset disposal [1][3]. Group 1: Huaxia Bank's NPA Transfer - Huaxia Bank has launched eight credit card NPA packages totaling 11.3 billion yuan, which is a record for a single institution's asset disposal in recent times [1][3]. - The total number of loans in these packages ranges from 21,738 to 37,202, with the largest package (the 13th) amounting to 2.032 billion yuan and the smallest (the 20th) at 990 million yuan [1][4]. - The 11.3 billion yuan in NPAs represents 69.53% of Huaxia Bank's total personal non-performing loan balance of 162.35 billion yuan as of June 2025 [4][5]. Group 2: Industry Trends in NPA Disposal - The traditional model of centralized disposal by head offices is being replaced by a trend where branches lead the disposal of NPAs, reflecting a shift in the industry [3][9]. - Multiple banks, including state-owned and joint-stock banks, are increasingly initiating NPA disposal projects through their branches, supported by policy changes that allow branches to act as sellers [9][10]. - The market for NPA disposal is becoming more efficient as branches have a better understanding of local market conditions, which aids in accurate asset valuation and pricing [11]. Group 3: Market Dynamics and Challenges - The rise in NPAs is attributed to external factors affecting borrowers' repayment abilities, leading to an increase in personal non-performing loans [5][8]. - The average discount rate for credit card NPA packages is approximately 4.4%, suggesting that the final transaction prices for these asset packages will likely fall between 46 million yuan and 90 million yuan [5][6]. - Local asset management companies are becoming the primary buyers of these NPAs, indicating a growing acceptance of this asset disposal format in the market [6][7].

Core Viewpoint - Central China Bank is facing significant challenges with deteriorating asset quality, declining revenue and profit, and ongoing regulatory scrutiny, which raises concerns about its future stability and governance [1][8]. Group 1: Asset Quality Issues - The bank has recently seen a "quantity and price drop" in the disposal of non-performing assets, with multiple asset packages listed at high discounts, indicating serious underlying asset quality issues [2][8]. - As of June 30, 2025, the total non-performing loans reached 14.35 billion RMB, with a non-performing loan ratio of 2.01%, showing only a slight decrease from the previous year [10][12]. - The bank's asset packages, such as one from the Zhoukou branch, show a total debt of 72.86 million RMB, with principal only 31.26 million RMB, indicating a severe lack of recoverability [9][12]. Group 2: Financial Performance - In the first half of 2025, the bank's operating income fell by 3.1% to 13.563 billion RMB, while net profit decreased by 0.8% to 2.034 billion RMB, marking a significant slowdown in growth [5][12]. - Interest income, a key revenue source, grew by 3.2% to 11.05 billion RMB, but non-interest income plummeted, with trading net income down 30.5% to 342 million RMB [5][12]. - The total loan amount grew only 0.1% to 715.02 billion RMB, with the loan-to-deposit ratio dropping from 80.33% to 75.77%, indicating a slowdown in credit expansion [13]. Group 3: Regulatory and Governance Challenges - The bank has received multiple regulatory fines in 2025, totaling over 300 million RMB, primarily related to credit and bill business violations, highlighting ongoing compliance issues [6][13]. - The bank's governance has been unstable, with two chairpersons removed in the past four years and frequent changes in senior management, which raises concerns about its leadership stability [6][14]. - The newly appointed management team, led by Zhou Feng, faces the dual challenge of addressing existing risks while attempting to restore performance and governance [14].

Core Viewpoint - Tianjin Jinrong Asset Management Company is maintaining steady growth amidst tightening regulations for local AMCs and industry differentiation, with expectations to exceed 8 billion yuan in total assets by the end of 2025, achieving a profit of 533 million yuan and a return on equity of 7.75% [1][6]. Group 1: Business Strategy and Operations - The company is transitioning from a traditional "acquisition-disposal" model to a full value chain service approach, focusing on revitalizing "sleeping assets" through investment banking methods [2][4]. - A notable case involved the revitalization of a real estate project that had been stalled due to mortgage issues, where the company facilitated debt restructuring and project sales [2][3]. - The company has established a strategic cooperation alliance with asset management firms in Beijing and Hebei to enhance cross-regional collaboration [3]. Group 2: Financial Performance - The company has seen its total assets grow from 6.731 billion yuan at the end of 2020 to an expected 8 billion yuan by the end of 2025, with projected revenues of 689 million yuan and a profit of 533 million yuan for that year [6][7]. - The company has maintained a reasonable asset-liability ratio, projected to be 33.89% by the end of 2025, allowing for strategic flexibility in facing future risks [6]. Group 3: Professional Capability and Risk Management - The company emphasizes the importance of professional services in managing complex debt relationships to effectively revitalize non-performing assets [4][5]. - Since its establishment, the company has not experienced any internal non-performing assets, focusing on risk control and effective management across different economic cycles [5]. Group 4: Regulatory Environment and Industry Outlook - The introduction of new regulatory measures has prompted local AMCs to focus on their core responsibilities, which is expected to lead to a more stable industry environment [6]. - The company aims to enhance its role as a "booster for the real economy" and "optimizer of resource allocation" while fulfilling its responsibilities as a state-owned enterprise [7].

临近年末，消费金融行业掀起不良资产处置"冲刺潮"。12月3日，北京商报记者注意到，12月以来仅3天，已有中邮消费金融、马上消费金融、湖北消费金 融、唯品富邦消费金融、兴业消费金融公司密集在银行业信贷资产登记流转中心（以下简称"银登中心"）发布不良贷款转让相关消息，汇总来看，单月待消 金业转让的不良规模超百亿元，其中既有不到百日的逾期资产，但更多的是超3年、5年的长期逾期资产。 业内认为，今年以来，消费金融公司对外挂牌转让不良资产的规模和频率上升，既反映行业整体风险水位抬升，也体现监管引导下风险处置机制日趋成熟， 频繁出清是理性选择，但"卖得快"不代表"管得好"，下一步，消费金融机构要注意将风控向源头前移，强化贷前准入、完善贷中动态监控。 月初5家消金公司密集转不良 12月过去不到3天，已有5家消金公司发布不良资产转让信息。从挂牌数据来看，部分消金公司不良资产处置呈现规模大、逾期长的特征。 以兴业消费金融发布的2025年第31期、32期个人不良贷款为例，其拟转让不良贷款分别合计121787笔、81833笔，未偿本金总额共计98.40亿元、9.49亿元， 加权平均逾期天数长达1188天、2033天，从逾期时间来看 ...

Core Viewpoint - Guangzhou Rural Commercial Bank has announced the sale of assets worth 12.25 billion yuan to Guangzhou Asset Management Co., marking the third consecutive year of over 10 billion yuan asset disposals, reflecting ongoing pressures from economic structural transformation and traditional industry risks [1][2][4]. Group 1: Asset Disposal Details - The asset sale was completed on November 29, with a total price of 12.25 billion yuan, to be paid in installments, with 30% already paid and the remaining 70% to be paid in nine annual installments from 2026 to 2034 [2][3]. - This transaction is part of a larger trend, with the bank having disposed of over 48 billion yuan in bad assets over the past three years, indicating a strategy to mitigate declining asset quality [4][5]. Group 2: Asset Quality and Risks - Despite the asset disposals, the bank's non-performing loan (NPL) ratio increased to 1.98% by mid-2025, up 0.32 percentage points from the beginning of the year, with overdue loans rising significantly [5][6]. - The bank's overdue loan balance reached 51.09 billion yuan, a 190.2 billion yuan increase from the start of the year, indicating a growing risk profile [6]. Group 3: Strategic Adjustments - In response to these challenges, the bank is focusing on restructuring its asset management, enhancing risk control, and integrating village and town banks to improve competitiveness [7][8]. - The bank aims to optimize its asset structure and stabilize interest income while increasing non-interest income through comprehensive marketing strategies [7][8]. Group 4: Future Outlook - Analysts suggest that the bank should focus on reducing exposure to high-risk sectors such as wholesale and retail, agriculture, and real estate, while redirecting credit resources towards advanced manufacturing and urban renewal projects [8][9]. - The bank is also encouraged to enhance operational efficiency through technology and digital platforms to lower costs and improve cash flow [9].

对于选择如此长期限的分期付款安排，广州农商行解释称，此次出售的资产主要为低效益资产，剩余转 让价款的支付安排考虑了资产预计可收回时间、资产性质及买方违约风险等多重因素。尽管资产出售事 项的代价采取分期支付方式，但所出售资产能够以略高于账面价值出售，符合广州农商行及股东的整体 利益。 广州农商行还指出，该行向广州资管出售不良资产的历史交易中，兑付未发生过违约行为，也未出现过 逾期支付任何款项的情形。 已是广州农商行自2023年以来连续第三年实施百亿元级别的资产"甩卖"，早在2023年12月，该行便启动 了大规模资产出表行动，债权总额约145.92亿元，最终以94.67亿元成交；2024年12月，该行再度向广州 资管转让一笔债权总额同样为145.92亿元的资产包，成交价为99.93亿元，折价率略有收窄。 最近一次"甩卖"发生在2025年10月，广州农商行出售资产的债权金额合计约为189.28亿元，尽管处置体 量创下新高，但122.5亿元的交易对价使得整体折价率维持在约35%左右。从最新的一次出售资产分布 行业来看，截至2025年6月末，租赁和商务服务业资产、房地产业资产、批发和零售业的资产排名前 三，涉及本金余额 ...

Core Viewpoint - The investigation into Wang Guangxi, the controlling shareholder of Yongtai Energy and Hailun Zhe, is linked to his role in Haide Co., which has raised concerns regarding information disclosure violations [1][2]. Group 1: Company Announcements - Yongtai Energy and Hailun Zhe both announced that the investigation concerning Wang Guangxi is unrelated to their operations and will not impact their business activities [3]. - Yongtai Energy emphasized that its production and operations are stable and that it has a positive development outlook [3]. - Hailun Zhe stated that it currently has no controlling shareholder and that its operations remain normal [3]. Group 2: Background on Wang Guangxi - Wang Guangxi, born in October 1969, has a background in finance and investment, having previously worked in various institutions before founding Yongtai Group, which became a major private coal enterprise in Shanxi [3]. - He transformed Haide Co. from textiles and real estate into a platform focused on asset management, enhancing its industry influence [3][4]. Group 3: Financial Performance - As of November 28, Haide Co. has a total market value of 150.89 billion yuan, with a significant decline in revenue and net profit reported for the first three quarters of 2025 [5]. - Haide Co.'s revenue decreased by 46.54% to 457 million yuan, and net profit fell by 66.96% to 171 million yuan compared to the previous year [5]. Group 4: Regulatory Actions - The Hainan Securities Regulatory Bureau issued a warning to Haide Co. and Wang Guangxi in April for failing to disclose related party transactions involving fund occupation [7][8]. - The investigation revealed that as of December 31, 2024, 884 million yuan was occupied by the controlling shareholder or its affiliates, which was later recovered [8].