不良资产经营策略及资本化运营模式

Non-performing Asset Management Strategy and Capital Operation Mode

中国不良资产市场可划分为政策性、准商业化、全面商业化三个发展阶段,在此期间,不良资产的内涵和运营模式都经历了不断丰富和优化的过程。历经20年的变迁与发展,不良资产市场在供给侧和需求侧孕育出新的趋势与变化。独特的运营对象塑造了不良资产市场五大独特的经营理念与策略,在实际业务操盘层面,需要练好核心能力,实现不良资产价值提升。随着不良资产运营手段的丰富和完善,近年逐渐发展出“RAIR”并购重组、合作设立不良资产基金、纾困基金等不良资产资本化运营模式。

After 20 years of change and development, the non-performing asset market has bred new trends and changes on the supply side and the demand side. The unique operational objects have shaped the five unique business ideas and strategies of the non-performing asset market. At the actual business operation level, it is necessary to train six core competencies to achieve the value of non-performing assets. With the enrichment and improvement of the means of operation of non-performing assets, in recent years, the“ RAIR” mergers and acquisitions, the establishment of non-performing assets funds, the bailout funds and other non-performing asset capitalization operation modes have been gradually developed.