Member Wang Zihua: It is recommended to create an "Internet + non-performing asset" disposal platform

　　Zhongxin Finance, March 7th. In recent years, the scale of non-performing assets in my country has remained high, and the accumulation of non-performing assets in the financial industry has become an important risk factor affecting my country's financial security.

To this end, Wang Zihua, a member of the National Committee of the Chinese People's Political Consultative Conference, suggested that the disposal of non-performing assets should be accelerated to ensure national financial security, the non-performing asset disposal market should be opened to private enterprises, and an "Internet + non-performing asset" disposal platform should be actively built to improve disposal efficiency.

　　Wang Zihua believes that to do a good job in the disposal of non-performing assets,

It is suggested to weaken the assessment of the profitability of asset management companies and strengthen the assessment of the main business function of disposing of non-performing assets, so as to encourage AMC (asset management companies) to expand and deepen the disposal of various non-performing assets, and give full play to its disposal and revitalization of non-performing assets. main business advantage.

Second, support asset management companies to dispose of non-performing assets in a variety of ways.

Support AMC and others to carry out non-performing asset securitization business.

Give AMC policy support, support the operation of non-performing assets and the restructuring of listed companies in question, including supporting the restructuring of enterprises in terms of assets, debt, management, and technology, and do a good job in the acquisition and operation of non-performing assets; encourage AMC to use multiple financial instruments together, We will weaken the debt instruments and strengthen the guidance of equity instruments in terms of policy, so as to better reduce the leverage ratio of the whole society.

The third is to continuously optimize the healthy disposal of non-performing assets and the multi-level market system for operation.

Strengthen the construction of financial asset management companies and professional funds for disposal of non-performing assets as the main body, cyclical industry funds, industrial groups and affiliated industry investment institutions as the auxiliary, and intermediary agencies such as law firms, accounting firms, appraisal companies, and auction companies. An effective multi-level non-performing asset market system.

At the same time, the market for disposal of non-performing assets will be opened to private enterprises, judicial channels for disposal of non-performing assets will be unblocked, and taxes and fees in the process of disposal and revitalization of non-performing assets will be reasonably reduced and exempted, so as to create a favorable environment for the accelerated disposal and revitalization of non-performing assets.

The fourth is to encourage asset management companies to actively deal with various new forms of non-performing assets.

Wang Zihua believes that the current scope of non-performing assets is gradually expanding, from debt to equity, property rights, etc., and the manifestations are becoming more and more diverse. Although the disposal of non-performing debt is the current key business of AMC, the future business focus will be equity assets. With physical assets, we should guide and support AMC to do a good job in business transformation and explore new business models and new fields.

Fifth, actively build an "Internet + non-performing asset" disposal platform to improve disposal efficiency.

The Internet platform has the functions of rapid value discovery and market discovery, which can quickly realize the matching between the non-performing asset purchaser and the non-performing asset side, which is more convenient than traditional on-site disposal.

AMC should be encouraged and supported to make full use of the Internet platform, reduce information asymmetry, shorten the disposal time of non-performing assets, and improve disposal efficiency. The specific operation mode can adopt investment banking operation methods.

At the same time, Internet finance laws and regulations should be further improved to avoid secondary financial risks.

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