Credit asset transfer business is divided into buyout credit asset transfer business and repurchase credit asset transfer business. The outright transfer of credit assets refers to the transfer of credit assets by both parties according to the agreement. After the transfer of assets, the borrower shall bear the obligation to repay the principal and interest to the transferee. Under the buyout credit asset transfer business, the creditor is transferred from the transferor to the transferee. This transfer method is also called "real sale".

Repurchase-type credit asset transfer business refers to the transfer of credit assets by both parties at an agreed price on a certain date according to the agreement, and the transferor promises to unconditionally repurchase credit assets from the transferee on the agreed date. The credit assets transferred due to the repurchase business have been repurchased by the transferor before maturity, and the loan files and legal documents have not been handed over, and the interest payment responsibility shall be borne by the transferor.

At present, China's credit asset securitization business is also a buyout credit asset transfer business. Securitization of credit assets is a way to transfer credit assets to a specific purpose entity (which can be transferred by transfer or trust). The specific purpose entity issues beneficiary securities to investors in the form of asset-backed securities, and pays the proceeds of asset-backed securities with the cash flow of credit assets. It can be seen that credit asset securitization is different from the traditional credit asset transfer business, that is, the innovation lies in the issuance of beneficiary securities to investors based on the cash flow of credit assets after the special purpose subject receives the credit assets.