Grassroots lawyers also have spring

Chapter 544 New Business

"Disposal of non-performing assets?" Wang Chuan looked confused.

This is Wang Chuan's first time doing banking business. He has never even heard of the term "non-performing asset disposal", so it's strange if he is not confused!
"To put it bluntly, our bank will release a lot of loans every year, and the loans are divided into five categories: normal, special mention, substandard, suspicious, and loss. The latter three categories are non-performing assets. This is the origin of non-performing assets.

After the loan becomes non-performing, it cannot be kept in the bank all the time, which will increase the risk of the bank. This requires the removal of non-performing assets from the financial statements, which is often referred to as off-balance sheet.

The most direct and easiest way to figure out the list is to sell the non-performing assets, and find the person who takes over the order to buy the non-performing assets at a discount.The buyer earns the price difference when he buys and sells.Probably the logic is like this, you understand? " Ouyang Qiao said.

"Oh! I probably understand." Wang Chuan said: "You mean to ask me to find someone to take over the deal! If it can't be sold, wouldn't the non-performing assets be thrown into my hands?"

"Well, you mentioned the key points of this business! One is that the non-performing asset package provided by the bank must have bright spots, and this bright spot is the debt that allows the buyer to pay back quickly. Second, the buyer must have reliable professionals to do the due diligence. Identify the risks of distressed assets.

However, you don't have to worry about these two points.

If I went to the Assets Preservation Department, the most important task would naturally be to dispose of non-performing assets, which is also the requirement of the industry.If there is a stable large funder to buy our bank's non-performing assets, it doesn't take much, and they can participate in the bidding to buy two orders every year and establish a cooperative relationship, that's fine.The price of the purchased non-performing assets can definitely be negotiated.

In the past few years, four major asset management companies, Cinda, Dongfang, Huarong and Great Wall, have been established at the national level to deal with the non-performing assets of major state-owned banks. We private banks can only find ways to deal with non-performing assets.

But now everyone is busy expanding their territories, and not many people pay attention to non-performing assets, so it is relatively easy to make money.

Moreover, this business is a long-term business. As long as the bank lends, there will be non-performing loans, and laws and regulations are not perfect for this business. "Ouyang Qiao laughed.

In [-], the risk of non-performing loans of banks had not been fully exposed, and the focus of banks was to make profits and expand business.

Until [-], the regulatory authorities (now called the China Banking and Insurance Regulatory Commission) began to recognize the risks of non-performing assets and began to urge major banks to deal with non-performing assets.

In [-], non-performing assets began to ferment, the market gradually awakened, and many private institutions entered this blue ocean.In [-], non-performing assets entered a golden age.

At this time, Ouyang Qiao never imagined how hot the non-performing asset market will be eight years later. What attracts him most now is not earning profits, but opportunities for performance and promotion.

No matter how stupid Wang Chuan was, he could understand what Ouyang Qiao meant. If Ouyang Qiao wanted to gain a firm foothold in Baoquan, he would definitely need the support of external funding to make achievements, and he would also give certain preferential conditions.

As for what the preferential conditions are, it is self-evident. It may be the highlight of the asset package, or it may be the price. Anyway, everything is "compliant".

The most important thing is that this is a win-win situation. Ouyang Qiao wants performance, and external agencies want to make money. Hello, everyone, why not do it!

After Wang Chuan figured it out, he nodded: "Senior brother, it is true that a lot of funds have recently established investment institutions. To be honest, the capital market is too chaotic now, and there are so many people staring at it. It is not easy to make money.

The real estate market needs a large amount of funds, and most of them are biased towards banks and financial institutions. Small real estate companies have a weak foundation and relatively high risks, so it is really difficult to find profitable projects in the market. "

These words are what Wang Chuan heard from Wen Yu, and he just copied them.

"So! You talk to the benefactor and see if there is anything you want to do. Let's talk after the Spring Festival. You take back the money. I really want to thank you. You should also thank Teacher Zhou. But Teacher Zhou will definitely not accept it. Qian, if you are willing to buy him some of the Four Treasures of the Study, he likes writing and writing the most." Ouyang Qiao laughed.

"Okay, I'll listen to you." Wang Chuan said with a smile.

A week passed quickly, and Wang Chuan didn't make any big moves except sending a set of lake brushes and a Duan inkstone to Zhou Yiqiang.But this week he has been very busy, and has been busy searching the Internet for information about non-performing assets.

If a worker wants to do a good job, he must first sharpen his tools.Since Ouyang Qiao proposed the non-performing asset business, Wang Chuan must first understand the relevant legal regulations and profit model of the entire business if he wants to enter the non-performing asset field to do business.

Through inquiry Wang Chuan learned that in [-], as my country's accession to the WTO continued to advance, the four major state-owned commercial banks of Industry, Agriculture, China, and Construction had a lot of bad debts left over from history that had yet to be resolved. Non-performing loans make it difficult to compete with foreign banks.

Therefore, the government established China Cinda Asset Management Company in April [-]; China Orient Asset Management Company, China Great Wall Asset Management Company and China Huarong Asset Management Company in October [-]. Collectively known as the four major asset management companies, their mission is to divest and deal with non-performing assets and carry out commercial transformation.

Among them, China Orient Asset Management Co., Ltd. corresponds to receive non-performing assets of Bank of China, China Cinda Asset Management Co., Ltd. corresponds to China Construction Bank and China Development Bank, China Huarong Asset Management Co., Ltd. corresponds to Industrial and Commercial Bank of China, and China Great Wall Asset Management Co., Ltd. corresponds to receive Non-performing assets of the Agricultural Bank of China.

This is [-], and the four major asset management companies have been in operation for eleven years. Although the state has issued some regulations and methods on the disposal of non-performing assets, they are still incomplete. more and more.

It has to be said that Ouyang Qiao opened a window for Wang Chuan, a big bright glass window to get in touch with new business.As Ouyang Qiao said, as long as banks are still granting loans, there will inevitably be non-performing assets, and external funds are needed to intervene to dispose of non-performing assets.

The more Wang Chuan thought about it, the more excited he became. He suddenly realized that the non-performing asset business might be the "odd" in Lao Niu's "keeping the right and surprising".

Thinking of this, he went through the upstream and downstream of the non-performing asset business again, and found that this business requires a lot of contacts. Without contacts, it is absolutely impossible to become bigger and stronger. Using contacts means risks. How to avoid risks? Returning to the essence of business is what Wang Chuan needs to consider.

"Wang Chuan, why are you smirking? Are you talking about a girlfriend?" Sister Wang came over and joked.

"Ah! What?" Wang Chuan woke up from YY, and looked at Sister Wang with a confused face: "What's the matter? Sister Wang!"

(End of this chapter)