1 back-to-back trading of non-performing assets "The non-performing loans of state-owned commercial banks are on the rise, and one of the important functions of Shandong Financial Assets Trading Center is to help banks, trust companies and leasing companies revitalize and precipitate funds." On the 7th, the relevant person in charge of Shandong Financial Assets Trading Center (hereinafter referred to as "Jin Lu Center") located on the 24th floor of Huaqiang Square on Shanda Road told the reporter. The person in charge said that the bank's non-performing assets refer to bank assets that are in poor operating conditions and cannot bring normal interest income to the bank in time, or even recover the principal. Shandong is one of the areas where non-performing loans are concentrated. At present, most of these non-performing assets are traded through third-party trading institutions such as auction houses, but the transfer of non-performing assets is hindered by institutional credibility and information persistence. Jin Lu Center, which will be launched soon, has a trading platform for non-performing assets transfer, which can help financial institutions holding non-performing financial assets to release information on asset transfer, publicly list, bid, sign trading agreements and settle accounts. Through the online trading platform, buyers and sellers can also conduct back-to-back bidding transactions, openly and transparently publicize the transfer information and transfer process of non-performing assets, reduce the possibility of black-box operation in the process of non-performing assets transfer, expand the scope of intended transferees, and improve the symmetry and efficiency of information exchange. Small loan companies have new financing channels. Since 2008, Shandong microfinance companies have developed rapidly. Up to now, there are 400 small loan companies in our province. The scale of microfinance business is constantly expanding, and the financing demand is increasing day by day. Financing difficulty has become the bottleneck of the business development of microfinance companies. With the establishment of Jin Lu Center, this problem is expected to be solved. The reporter learned that after the establishment of the trading platform, microfinance companies can register their asset income rights as microfinance asset income rights products and transfer them to specific investors. Investors can get 7.5% annualized income. "This is a mature model from Chongqing and other places, which can not only alleviate the financing difficulties of small loan companies, but also promote the sunny and standardized operation of private lending." Jin Lu center staff introduced. 3 The wealth management products can be circulated for the second time in the upcoming Jin Lu Center. Financial institutions selling wealth management products and holders of wealth management products with secondary circulation needs can diversify their investment and financing needs to investors through public offering or private placement. At the same time, the center will provide supporting services for investors and financiers, such as information matching, consultation and settlement of circulation transactions, design and issuance of circulation derivatives in the secondary market. In addition, the trading platform can also carry out bills and bill products trading, private placement bond trading, equity trading of financial enterprises, financial leasing assets trading, investment and financing of SMEs and other transactions. According to the "Article 22 of the Golden Reform", Shandong will build a regional financial center in Jinan and a wealth management center in Qingdao. Specific to Jinan, a regional financial management center, a financial institution center, a fund settlement center, a financial transaction center and a financial back-office service center will be built to make Jinan a financial center in the middle and lower reaches of the Yellow River. "The establishment of Shandong Financial Assets Trading Center will realize the effective connection between Shandong regional capital market and financial industry, develop new financial formats, improve financial elements, build a multi-level capital market system, and promote the construction of Jinan regional financial center." A related person from the financial supervision department of Jinan said.