智通财经记者注意到，该政策适用前提还显示："政策不区分贷款机构类型及信贷业务种类"。 "这意味着政策覆盖范围具有全面性，无需区分贷款机构是商业银行、消费金融公司、小额贷款公司等 持牌机构，也不限制信贷业务为房贷、车贷、信用卡透支、消费贷等具体类型。只要逾期行为发生在 2020年1月1日至2025年12月31日，单笔逾期金额≤1万元，且在2026年3月31日前足额还清，均符合信用 修复条件。"上海金融与发展实验室首席专家、主任曾刚在接受智通财经记者采访时表示。 来源：@智通财经APP微博 智通财经12月22日讯（记者 高萍）今日，中国人民银行对外发布一次性信用修复政策有关安排，符合 相关条件的逾期信息，将不会在个人信用报告中予以展示。个人无需申请和操作，"免申即享"支持信用 受损但积极还款的个人高效便捷重塑信用。 业内人士对智通财经记者分析，该政策为曾经失信的个人提供容错纠正的机会，惠及2020年以来因失 业、疾病等非主观因素导致小额逾期、且有还款意愿的群体，包括普通工薪族、小微企业主及个体工商 户等。符合条件的逾期信息不再展示，将直接改善个人信贷申请的核心资质，房贷、消费贷的审批通过 率有望提升，利率定价也将 ...

临近年末，银登中心的资产转让信息迎来密集更新，一场覆盖国有大行、股份制银行及地方中小银行的零售类不良资产"出清潮"正全面上演，亿元级别资产 包频频现身。这场集中"甩包袱"行动，既是银行优化年末财务报表、压降不良率、释放资本空间的选择，也是对过去数年零售业务高速扩张所积累风险的一 次系统性出清。不过，零售类不良资产具有小额、分散、无抵押的天然属性，加之账龄普遍老化，对受让方而言，尽调成本高、估值困难、回款不确定性 大；对转让方银行来说，则面临定价难、买家少、合规流程复杂的多重挑战。分析人士指出，此轮"出清潮"仍将持续，并加速向风控能力较弱的城商行、农 商行下沉，随着监管持续推动资产分类做实和风险暴露透明化，前期激进拓展零售信贷、依赖助贷模式的中小银行将面临更大处置压力。 梳理银行零售不良资产包的核心特征可以看出，多数债务早已出现风险苗头，彼时受宏观经济环境变化、部分行业经营承压等因素影响，个人客户的还款能 力和还款意愿出现明显下滑，而银行出于资产保全、司法流程推进周期等因素考量，并未在风险初现时就立刻挂牌转让，而是经过了数年的内部催收、风险 观察，如今集中登上转让平台，本质上是对前期累积的零售端风险进行的一次性 ...

Core Viewpoint - The recent data from the National Financial Regulatory Administration indicates a slight increase in both the non-performing loan (NPL) balance and the NPL ratio of commercial banks, while the market for transferring non-performing loans has seen significant growth this year [1] Group 1: Non-Performing Loan Market Trends - The scale of non-performing loan transfers has surged, with over 26 billion yuan in asset packages listed since November, and the total for the first half of 2025 expected to exceed 167 billion yuan, doubling from the same period in 2024 [1][2] - The issuance of asset-backed securities (ABS) for non-performing loans has surpassed 67.857 billion yuan this year, reflecting an increase of over 80% compared to the previous year [1] Group 2: Retail Loan Risks - There is a consensus in the industry that retail loan risks are becoming more apparent, with no signs of reaching a peak yet [1][6] - Major banks are increasingly transferring personal non-performing loans to improve asset quality and release capital [1][3] Group 3: Asset Transfer Dynamics - Banks are actively listing large amounts of non-performing assets, particularly in personal loans and credit card overdrafts, with significant amounts being transferred [2] - The trend of "discount promotions" for non-performing assets is growing, with some assets being sold for as little as 10% of their original value [4] Group 4: Retail Loan Quality Indicators - The non-performing loan ratio for retail loans is on the rise, with specific banks reporting increases in their personal loan NPL ratios [6][7] - The characteristics of retail loan risks include a higher default rate in consumer loans and credit card loans, while mortgage loans remain the most stable [6][7]

Core Insights - The recent data from the National Financial Supervision Administration indicates a slight increase in both the balance and rate of non-performing loans (NPLs) in commercial banks [1] - The transfer of non-performing individual loans has accelerated, with over 26 billion yuan in related asset packages listed since November [1] - The issuance scale of non-performing loan asset-backed securities (ABS) has exceeded 67 billion yuan this year, representing an approximately 80% year-on-year increase [1] Group 1: Non-Performing Loan Trends - The demand for non-performing loan transfers has increased as year-end approaches, with various commercial banks and consumer finance companies listing large amounts of non-performing asset packages, particularly in retail loans [2] - As of November 20, 68 personal non-performing loan asset packages have been announced, totaling 26.4 billion yuan, mainly involving personal consumption loans and credit card overdrafts [2] - Major banks have been actively listing non-performing loans, with Ping An Bank listing 13 projects totaling approximately 1.547 billion yuan since November [2] Group 2: Asset Transfer and Pricing - The trend of transferring non-performing loans is seen as a more effective method for resolving retail asset risks, as asset management companies have advantages in debt restructuring and negotiation [3] - Financial institutions are increasingly resorting to "discount promotions" to expedite transactions, with some personal loan asset packages being sold for as low as 10% of their original value [4] - For instance, a credit card non-performing loan package originally valued at 2.053 billion yuan was sold for only 157 million yuan, reflecting a recovery rate of just 7.6% [4] Group 3: Retail Loan Risk Assessment - Despite a general stability in asset quality among listed banks, there is a noticeable increase in retail loan risks, with some banks reporting rising non-performing loan rates [6] - As of September, the non-performing loan rate for personal loans at Bank of Communications rose to 1.42%, up from 1.08% at the end of the previous year [6] - The characteristics of retail loan risks include higher default rates in consumer loans and credit card loans, while mortgage loans remain the most stable segment [6][7]

进入四季度，银行不良资产转让迎来年内高峰期。 具体看来，个人消费贷款及信用卡透支依然是个人不良资产的主要来源，项目数量多且金额较大，多份 资产包规模达到亿元级。在目前49份转让公告中，标注为"个人消费贷款"的转让项目共有25个，标注 为"信用卡透支"的共21个。 11月18日，浦发银行信用卡中心接连发布四则个人不良贷款（信用卡透支）转让项目，其中一份（第10 期）涉及75616笔资产，未偿本息总额高达34.61亿元；另外三份资产包涉及的未偿本息总额均在4亿至5 亿元。四份资产包所涉借款人均为40岁以上的中年人群，加权平均逾期天数在4年至6年。同日，交通银 行上架一份来源于个人消费贷款的不良资产包，未偿本息总额约1.43亿元，加权平均逾期天数近三年。 联合资信研报指出，在经济周期性、产品内在风险性及市场策略有效性共同作用下，商业银行信用卡不 良率高于其他类型个人贷款，且上升趋势相对明显，个别城农商行信用卡不良率甚至已突破9%。消费 贷资产质量的下滑，本质上是银行前期追求规模的增长模式与宏观逆周期、微观风控能力不足之间矛盾 的凸显。 《国际金融报》记者注意到，11月以来，截至目前银行挂牌的个人不良资产转让项目数量 ...

Core Insights - The article highlights the increasing trend of banks in China to dispose of non-performing loans (NPLs) in large asset packages, with significant amounts being transferred to improve financial stability and support the real economy [2][5][9]. Group 1: Asset Disposal Trends - Several banks have recently announced the disposal of non-performing loans, with notable asset packages such as Bohai Bank's nearly 700 billion yuan and Guangzhou Rural Commercial Bank's over 189 billion yuan [2][5]. - Bohai Bank plans to transfer assets with a total principal amount of approximately 499.37 billion yuan, along with interest and penalties, totaling around 698.33 billion yuan [2][5]. - The trend has shifted from hurriedly offloading assets to a more strategic approach, where banks are focusing on active management and value extraction from non-performing assets [5][9]. Group 2: Increase in Personal Consumption Loans - Data from the China Banking Association indicates that nearly 90 banks have issued announcements regarding the transfer of non-performing loans since October, with a notable increase in personal consumption loans [6][9]. - Personal consumption loans, credit card overdrafts, and personal business loans have seen significant activity, with personal consumption loans making up 72.4% of the total NPL transfers in the first quarter of 2025 [10][11]. - The rise in personal consumption loans reflects ongoing pressure in this sector, necessitating improved classification and management strategies for banks [11]. Group 3: Implications for the Banking Sector - The acceleration in the disposal of non-performing assets is driven by the need to optimize asset structures, reduce capital occupation, and enhance capital adequacy ratios and profitability [8][9]. - This trend is expected to lower the non-performing loan ratio and alleviate provisioning pressures, allowing banks to focus on high-quality clients and growth opportunities [8][9]. - The transfer of non-performing assets is also seen as a mechanism to promote risk clearance and reduce systemic risks within the financial ecosystem [8][9].

Core Insights - The article highlights the increasing trend of banks disposing of non-performing assets (NPAs) in large asset packages, particularly in the fourth quarter, with a notable rise in personal consumption loans [1][5][12]. Group 1: NPA Disposal Trends - Multiple banks have accelerated the disposal of NPAs, with significant asset packages being offered, such as Bohai Bank's nearly 700 billion yuan package and Guangzhou Rural Commercial Bank's over 189 billion yuan package [2][4]. - Bohai Bank's asset transfer includes a principal amount of approximately 499.37 billion yuan, with total amounts reaching 698.33 billion yuan, including interest and penalties [2][4]. - The trend has shifted from merely offloading assets to actively managing and extracting value from NPAs, with some banks establishing specialized asset management departments [4][11]. Group 2: Impact on Banking Sector - The disposal of NPAs is seen as beneficial for banks, as it helps improve asset quality, reduces capital occupation, and supports sustainable development while providing liquidity [4][11]. - In the first half of the year, the banking sector disposed of 1.5 trillion yuan in NPAs, an increase of 123.6 billion yuan year-on-year, with a reported NPL ratio of 1.49%, down 0.02 percentage points from the previous quarter [11]. - The rise in personal consumption loans among the disposed NPAs indicates a growing pressure in this segment, necessitating improved classification and management strategies for better efficiency in asset disposal [12][13]. Group 3: Market Dynamics - Nearly 90 banks have announced NPA transfers since October, covering various loan types, including personal consumption loans and credit card overdrafts [6][12]. - The increasing focus on personal consumption loans reflects a significant shift in the types of NPAs being managed, with a notable rise in their proportion over recent quarters [12][13]. - Analysts suggest that banks should enhance their asset classification management and explore innovative disposal tools to improve liquidity and efficiency in handling NPAs [13].

Core Viewpoint - The article highlights the increasing frequency of large-scale non-performing asset (NPA) disposals by banks, indicating a shift from merely offloading bad debts to actively managing and extracting value from these assets [2][3]. Group 1: NPA Disposal Trends - Since the fourth quarter, multiple banks have been actively disposing of non-performing loans, with significant asset packages being offered, such as Bohai Bank's nearly 700 billion yuan package and Guangzhou Rural Commercial Bank's over 189 billion yuan package [5][10]. - Bohai Bank's announcement details a total asset package of approximately 698.33 billion yuan, including principal, interest, penalty interest, and judicial fees [5][7]. - The trend shows a departure from the past practice of hastily selling off assets at low prices, with banks now setting minimum prices that reflect a more strategic approach to asset management [7][14]. Group 2: Increasing Personal Consumption Loans - Data from the China Banking Asset Registration and Transfer Center indicates that nearly 90 banks have announced NPA transfers since October, with a notable increase in personal consumption loans, personal business loans, and credit card overdrafts [10][15]. - Personal consumption loans accounted for 72.4% of the NPA transfers in the first quarter, showing a continuous rise in their proportion over two consecutive quarters [15][16]. - The rise in personal consumption loans highlights the ongoing pressure on banks to manage these types of non-performing assets effectively [16]. Group 3: Implications for Banks - The acceleration in NPA disposals is driven by the need to optimize asset structures, reduce capital occupation, and enhance capital adequacy and profitability [14]. - This trend is expected to lower the non-performing loan ratio and alleviate provisioning pressures, allowing banks to focus on high-quality clients and growth opportunities [14]. - The proactive management of NPAs is seen as beneficial for the overall banking ecosystem, promoting risk clearance and providing opportunities for financial asset management companies [14].

Core Viewpoint - The recent trend of large-scale asset disposals by banks, particularly in the context of non-performing loans, reflects a strategic shift towards optimizing asset structures and enhancing the ability to serve the real economy [1][4][6]. Group 1: Asset Disposal Plans - Bohai Bank plans to transfer nearly 700 billion yuan of debt assets through a public listing, marking its largest asset disposal action in recent years [1][2]. - The total amount involved in Bohai Bank's asset transfer includes approximately 499.37 billion yuan in principal, 104.36 billion yuan in interest, 93.34 billion yuan in penalties, and 1.26 million yuan in judicial fees, totaling 698.33 billion yuan with a book net value of about 483.10 billion yuan [2]. - Guangzhou Rural Commercial Bank announced a plan to transfer approximately 189.28 billion yuan of debt assets, continuing its trend of significant asset disposals for the third consecutive year [3]. Group 2: Market Trends and Drivers - The recent surge in asset disposals is driven by multiple factors, including the need for efficient handling of non-performing loans and the positive outcomes from previous loan transfer trials [4][6]. - The overall non-performing loan rate for commercial banks was reported at 1.49% as of June, with significant variations among different types of banks, indicating ongoing asset quality pressures [5][6]. - The trend of large asset transfers is seen as a shift from passive disposal to proactive management, with banks aiming to enhance risk management and optimize capital usage [6][7]. Group 3: Implications for the Banking Sector - The asset transfer initiatives are expected to improve asset quality, reduce risk asset occupation, and enhance capital adequacy and profitability for the banks involved [2][3]. - The current environment suggests a broader participation from various banking institutions in asset disposals, indicating a comprehensive approach to managing non-performing loans across the sector [6]. - Experts suggest that banks should adopt diverse strategies for handling non-performing assets, including cash recovery, self-write-offs, and asset securitization, to improve disposal efficiency [7].

Core Viewpoint - Commercial banks are accelerating the disposal of non-performing assets, with two Hong Kong-listed banks announcing significant debt asset transfers to optimize their asset structures and enhance their ability to serve the real economy [1][5]. Group 1: Asset Transfer Plans - Bohai Bank plans to publicly transfer nearly 70 billion yuan of debt assets, marking its largest asset disposal action in recent years [1]. - The initial minimum price for the asset transfer is set at 48.883 billion yuan, which is approximately 70% of the total debt asset value, including principal, interest, penalties, and legal fees [5]. - Guangzhou Rural Commercial Bank also announced a plan to transfer about 18.928 billion yuan of bond assets, becoming the second bank to undertake significant asset disposal in October [5]. Group 2: Reasons for Asset Disposal - The recent wave of asset disposals is driven by multiple factors, including the need for efficient handling of non-performing loans, positive outcomes from previous non-performing loan transfer trials, and an expanding list of institutions participating in public asset disposals [9]. - The overall non-performing loan rate for commercial banks was reported at 1.49% as of June, with certain banks like Bohai Bank and Guangzhou Rural Commercial Bank exceeding the industry average [10]. Group 3: Industry Trends - The trend of large-scale asset transfers indicates a shift from passive disposal to proactive management of risks within the banking sector [11]. - The end of the year typically sees a surge in non-performing asset disposals, allowing banks to strengthen their risk management and free up capital for future operations [11].