You can understand the underlying logic and policy support of debt write-off. Those who apply for debt write-off must meet the requirements of the state, not everyone can. At present, the people who write off personal debts are mainly those who can't handle the debts that really happened during the epidemic. Please know the details of this debt write-off first: (current debt processing plan)

1, 2.5 discount to optimize debt background:

The epidemic has been going on for three years, and the current economic situation in China is quite grim. In 2022, 800 million people were in debt, and 420 million people were unable to repay their loans. The overdue credit cards alone reached more than 200 billion, the national debt reached more than 300 trillion, and the per capita debt exceeded 200,000. Now there are 500-600 million people without deposits. Online loans are overdue by more than 70 million people. 7.99 million people were executed for breaking promises, commonly known as Lao Lai. The per capita disposable income of the national residents is only 36,900 yuan. Now the life of ordinary people is like a snail crawling forward with a heavy house on its back. In the long run, it will inevitably affect the national economy and people's livelihood and cause the collapse of the national economic base. As a result, a revolutionary pilot work came into being.

2, 2.5 discount debt optimization policy basis:

20216543817 October, the General Office of China Banking Regulatory Commission issued the Notice on Carrying out the Pilot Work of Non-performing Loan Transfer (Yin Bao Supervision Note [2012] No.26), hereinafter referred to as the Pilot Notice. The notice allows individual non-performing loans to be transferred in batches.

This notice officially landed in Beijing in March 2022. After more than a year's exploration and practice, this measure is in line with the people's hearts and the national conditions. Therefore, China Banking and Insurance Regulatory Commission issued a document to expand the pilot scope of transfer.

The pilot banks include six large state-owned banks (see attached table 1 for details) and 12 national joint-stock banks; The acquirer includes five major financial asset management companies and qualified local asset management companies (local AMC) and financial asset investment companies (AIC).

2022-07-20 Notice of the Ministry of Finance on Further Strengthening the Financial Management of State-owned Financial Enterprises (Jin Cai [2022] No.87) should intensify the write-off of non-performing assets and make full use of the existing write-off policy. (meaning: 2.5% write-off is a wise measure that conforms to the national conditions, benefits the country and the people, and can solve the current predicament, and should be vigorously promoted)

2022- 12-29 Notice of the General Office of China Banking Regulatory Commission on Launching the Second Batch of Pilot Work of Non-performing Loans Transfer (Memorandum of Yin Bao Supervision Office [2022] No.65438 +0 19 1), on the basis of the original scope of pilot institutions, this time it was included in the Development Bank, the Export-Import Bank and the Agricultural Development Bank. City commercial banks and rural small and medium-sized banks registered in Beijing, Hebei, Inner Mongolia, Liaoning, Heilongjiang, Shanghai, Jiangsu, Zhejiang, Henan, Guangdong and Gansu will be included in the scope of pilot institutions.

202 1-03-0 1 The year after the promulgation of the Regulations on Individual Bankruptcy in Shenzhen Special Economic Zone: * * 103 1 individual bankruptcy applications were reviewed, 74 cases entered the bankruptcy application review procedure, 25 bankruptcy procedures were initiated, and individual bankruptcy cases were concluded1. The examination conditions of personal bankruptcy are extremely harsh, time-consuming and labor-consuming, and it is exhausting, which can not be widely promoted and can not solve China's debt problem. (Through the parallel comparison of the two policies, it finally shows that the 2.5% discount treatment is more suitable for China's national conditions, and it is being widely promoted at present. )

2.5% discount debt optimization actually involves the content of non-performing assets industry, so there is a question at the beginning. Why don't banks digest these assets internally and let state-owned asset management institutions handle them at such a low price? One thing is certain, in fact, banks also want to dispose of these non-performing assets. Because banks know very well that the so-called non-performing assets are only assets that cannot perform their duties and are likely to be realized at maturity. Failure to perform their duties at maturity does not mean that they are worthless, nor does it mean that debtors have no liquidity and liquidity after surviving the most difficult cycle. The reasons for the sale are mainly based on the following points:

First, the profit model is limited. As we all know, the most important way for banks to make profits is to earn spreads. Therefore, turnover needs a lot of cash, and non-performing assets will occupy the bank's special reserve. According to the regulations of the central bank, the proportion of special reserve for non-performing assets is: 25% for sub-prime, 50% for doubtful, and 100% for loss. Therefore, holding non-performing assets will reduce the cash flow in the hands of banks and pay higher liquidity costs, which is not worth the candle.

Second, the time limit. The Measures for the Administration of Bank Debts Assets issued by the Ministry of Finance (Jin Cai [005] No.53) stipulates that the disposal period of bank debts assets is two years for real estate and equity, and one year for movable property. Therefore, if the bank disposes of it by itself, the bank cannot afford the time cost. For example, starting the auction process, once the auction fails, it will be in trouble.

Third, image setting restrictions. Banks attach great importance to the maintenance of their own image, and directly pursue debts owed, which is not conducive to the bank's security image. At the same time, banks also lack professional related personnel. It is difficult for banks to take tough measures such as legal proceedings to recover many debts.

To sum up, the disposal of non-performing assets, based on comprehensive factors, can not be disposed of by banks if they want to. Giving non-performing assets to professional asset management companies with energy, manpower and experience has become the only choice for banks to seek rapid withdrawal of funds.

To sum up, 2.5% discount debt optimization is actually a way to solve the problem of bulk transfer of personal non-performing assets by eliminating debt bubbles, which is in line with national conditions, reasonable, legal and compliant!