Core Viewpoint - The increase in bank-direct property sales indicates a shift in asset disposal strategies, with banks moving towards a dual approach of targeting both B-end and C-end markets to enhance asset recovery and manage non-performing assets effectively [1][3][6]. Group 1: Market Trends - The number of properties directly sold by banks has increased significantly, with a reported 24.7% growth compared to the same period last year and a 77.8% increase from the previous month [2][4]. - On November 11, over 170 properties, including shops, residential units, and office buildings, were up for auction on platforms like Alibaba Assets, with starting prices ranging from 30,000 to over 40 million yuan [2][4]. Group 2: Asset Disposal Strategy - Banks are transitioning from a primarily B-end asset disposal model to a more balanced approach that includes C-end sales, driven by the need to manage increasing asset disposal volumes, especially among smaller banks [3][5]. - The direct sale of properties allows banks to expedite the recovery of funds, as traditional asset disposal methods can be time-consuming, particularly in the current market environment [4][5]. Group 3: Advantages of Direct Sales - Bank-direct properties typically have clearer ownership and lower starting prices compared to market rates, making them attractive to buyers [4][6]. - The process of selling bank-owned properties is generally more efficient, allowing for quicker fund recovery and potentially reducing the risk of further asset depreciation [4][6]. Group 4: Regulatory Environment - Recent regulatory changes, such as the implementation of the "Commercial Bank Financial Asset Risk Classification Measures," encourage banks to actively manage and dispose of non-performing assets [6]. - Local governments are also facilitating the inclusion of bank-direct properties in affordable housing procurement pools, which helps mitigate financial risks while addressing housing supply needs [6].