时隔近10个月后，广州农商行（01551.HK）拟再度折价抛售近两百亿的信贷资产。 近日，广州农商行在港交所发布公告称，该行董事会已同意在产权交易所公开挂牌转让一笔债权资产，即该行持有的信贷资 产。 南方财经记者注意到，这笔资产本金金额约149.78亿元，债权总额合计约189.28亿元，初步预计将以不低于122亿元的价格出 售。该行还将于近期召开临时股东大会，寻求股东同意上述交易事项。 "本次交易完成后，将有效提升本行风险抵御能力，提高经营效率与盈利能力，同时优化本行业务结构和资产质量，为实现整体 稳定经营及长期发展奠定基础。"广州农商行在上述公告中称。 拟8折转让189亿元债权 具体来看，截至2025年6月末，该笔信贷资产的本金金额约为149.78亿元、相应利息金额合计约38.97亿元、代垫司法费用金额合 计约0.51亿元、违约金合计约0.02亿元，金额合计约为189.28亿元。 | | 貸款金額 | | | --- | --- | --- | | 行業 | 本金餘額 | 自分比 | | 租賃和商務服務業 | 580.790.13 | 38.78% | | 居地產業 | 306.424.36 | 20.46 ...

Group 1 - The core viewpoint is that Allianz Investment sees opportunities in core interest rate products and credit asset strategies, particularly focusing on short-term interest rate assets due to the recent Fed rate cut driven by weak employment data [1] - Allianz Investment emphasizes that fiscal policy is the most important reference for assessing interest rate risk, significantly impacting long-term bond yields [1] - The firm suggests considering market opportunities, including single market strategies benefiting from a steepening U.S. yield curve and cross-market spread strategies favoring long-term sovereign bonds from fiscally stable countries like Spain [1] Group 2 - In the credit sector, despite tightening spreads, corporate fundamentals remain resilient, and systemic imbalances in major markets are relatively limited, making spreads attractive, especially for BBB and BB-rated bonds [2] - Allianz Investment advocates for a global multi-sector allocation strategy to capture investment opportunities, noting signs of recovery and expansion in some European markets while the U.S. shows signs of a cycle's end [2] - The firm believes that Asian and emerging markets are likely to outperform others, supported by improving credit fundamentals [2]

Core Viewpoint - Gansu Bank has signed an asset transfer contract with Gansu Asset Management Co., intending to sell an asset package for 15.3 billion yuan, which has a total principal and interest balance of approximately 19.719 billion yuan [1][3]. Group 1: Asset Transfer Details - Gansu Bank has accelerated the disposal of non-performing assets since its listing, having sold asset packages totaling nearly 23.8 billion yuan to Gansu Asset Management in eight transactions [2][5]. - The current asset package includes not only credit assets but also non-credit low-yield financial investment assets such as trust and asset management plans [2][3]. - The asset package consists of approximately 17.864 billion yuan in principal and 1.855 billion yuan in accrued interest, with the credit assets primarily in wholesale and retail, real estate, manufacturing, and mining sectors [3]. Group 2: Financial Implications - The sale price of 15.3 billion yuan is slightly higher than the net book value of the disposed assets, which is approximately 14.922 billion yuan after accounting for impairment provisions of about 4.797 billion yuan [3]. - The payment for the asset transfer will be made in installments, with an initial payment of 8 billion yuan due within five working days of the contract's effectiveness, followed by two additional payments over the next five years [4]. Group 3: Industry Context - The trend of accelerating non-performing asset disposal in the banking industry is evident, with Gansu Bank's actions reflecting a broader industry movement towards managing both credit and non-credit asset quality [7]. - Gansu Asset Management, established in 2016, focuses on managing, investing, and disposing of non-performing assets, indicating a growing market for such services in the region [7].