中国非金融机构不良资产市场的特点、行业分布与发展趋势

The Characteristics, Industry Distribution and Trends of the Non-Performing Asset Market of China's Non-Financial Institutions

本文在探讨中国金融资产管理公司介入非金融机构不良资产业务重要意义的基础上,以央企国企、民营企业、上市公司为分析对象,发现中国非金融机构不良资产市场存在较大的潜在存量规模,并且由于中国现阶段经济发展的特点,非金融机构不良资产市场规模在未来相当长的时间内还有进一步扩大的趋势。金融资产管理公司介入非金融机构不良资产市场存在广阔的业务空间和难得的发展机遇。由于非金融机构不良资产及相关业务表现出资产质量低、处置周期长、收益率较低、行业分布广等特点,对介入该类业务的金融资产管理公司提出了较高的资产管理和风险管控要求。

This paper analyses the significance of China's financial asset management corporations involved in the non-performing asset business of non-financial institution, and then researches state-owned enterprises, private enterprises and listed companies. It is found that the potential stock market size of the non-performing assets of China's non-financial institutions is big, and due to the characteristics of China's current economic development, the size will expand further for a long time. If financial asset management corporation is involved in the market, it will have a vast space and excellent opportunity to develop business. Since the non-performing assets of financial institutions and related business have the characteristics such as low asset quality, long disposal time, low yield rate, wide industry distribution, etc., strict asset management and risk control requirements are needed for financial asset management corporations involved the business.