1, 2.5 fold background of debt optimization:
The epidemic has been going on for three years, and the domestic economic situation is quite grim now. In 222, there were 8 million people in debt, 42 million people were unable to pay their loans, the overdue credit cards alone reached more than 2 billion, the national debt reached more than 3 trillion, the per capita debt exceeded 2,, and 5-6 million people now have no deposits. Online loans are overdue by more than 7 million people. There are 7.99 million people who have been executed for dishonesty, commonly known as Lao Lai. The per capita disposable income of the national residents is only 36,9 yuan. Nowadays, 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, resulting in the collapse of the national economic foundation. As a result, a revolutionary pilot work came into being.
policy basis for optimizing the 2,2.5% discount debt:
On January 7, 221, the General Office of China Banking and Insurance Regulatory Commission, China issued the Notice on Carrying out the Pilot Work of Non-performing Loan Transfer (Yinbao Supervision Note [212] No.26), hereinafter referred to as the Pilot Notice. This notice allows individual non-performing loans to be transferred in bulk.
this notice officially landed in Beijing in March 222. After more than a year's exploration and practice, this initiative conforms to the people's hearts and the national conditions. Therefore, the Banking Regulatory Commission issued a document to expand the scope of the transfer pilot
The pilot banks include six large state-owned banks (see Annex 1 for details) and twelve 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). (That means, A, you can write off your debts in the pilot bank at a discount of 2.5%. B if you want to become an executive office for handling non-performing assets, you must first get the approval of the five AMCs.
The types of personal non-performing loans in the pilot include personal consumption credit loans, credit card overdrafts and personal business credit loans (note: personal housing mortgage loans, personal consumption mortgage loans and personal business mortgage loans are not included in the pilot scope) (meaning that, 2.5% off is a bubble debt)
According to the Pilot Notice, asset management companies can only take measures such as self-collection and reorganization to dispose of personal loans acquired in bulk, and it is strictly forbidden to entrust institutions with records of illegal acts such as violent collection of black crimes to carry out the collection work. (It means: the executive office whose personal assets are not clean and can't be written off with a 25% discount)
Asset management companies are not allowed to transfer again after the personal loan is acquired. Compared with the transfer of corporate loans, it is a very big difference to prohibit the acquisition institution from transferring personal loans to the outside world again, which will greatly limit the way to collect them. (It means that the personal loan debt acquired by asset management companies can only rot in their own hands if they can't get back the money)
The Pilot Notice puts forward that "local asset management companies can accept personal non-performing loans in batches without geographical restrictions", which is also a major breakthrough in the non-performing asset management industry. Local asset management companies can participate in the primary market of individual loan non-performing bulk transfer business, which can be carried out nationwide. (meaning: although the office is located in Shenzhen, it takes orders all over the country, regardless of geographical restrictions)
Banking credit assets registration and circulation center ("Yindeng Center") (meaning: everyone can believe the information released by Yindeng Center)
Notice of the Ministry of Finance on Further Strengthening the Financial Management of State-owned Financial Enterprises (Finance [22] (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)
Notice of the General Office of China Banking and Insurance Regulatory Commission, China on Launching the Second Batch of Pilot Work of Non-performing Loans Transfer (Yinbao Supervision Office Memorandum [222] No.1191), based on the scope of the original pilot institutions, this time will develop banks and development banks. Incorporate 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 into the scope of pilot institutions. (It means that rural banks can do it now, but they used to be city banks. However, it basically takes a quarter for each measure to be released and implemented. Therefore, you can look forward to it.
In the year following the Regulation of Shenzhen Special Economic Zone on Individual Bankruptcy on March 1, 221, 1,31 individual bankruptcy applications were examined, 74 cases entered the bankruptcy application review process, 25 bankruptcy proceedings were initiated, and 19 individual bankruptcy cases were concluded. The examination conditions of personal bankruptcy are extremely harsh, time-consuming, labor-intensive and exhausting, so it can't be widely promoted and can't solve the debt problem in China. (Through the parallel and comparison of the two policies, it is finally shown that the 2.5% discount treatment is more suitable for China's national conditions, and it is now being promoted in a large area.)
The significance of the 3,2.5% discount debt optimization:
In fact, the 2.5% discount debt optimization involves the content of the non-performing assets industry, so there is the question of the head. Why do banks not digest these assets internally, but let the state 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 very much. Because banks are well aware that the so-called non-performing assets are only assets that have the possibility of failing to perform their duties and realizing them at maturity. Failure to perform their duties at maturity does not mean that they are worthless, nor does it mean that the debtor has no liquidity and liquidity after surviving the most difficult cycle. The reason for the sale is 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, a lot of cash is needed for turnover, and non-performing assets will occupy the special reserve of banks. According to the regulations of the central bank, the proportion of special reserve for non-performing assets is: 25% secondary, 5% suspicious and 1% 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 Debt-paid Assets (Caijin [5] No.53) issued by the Ministry of Finance stipulates that the disposal cycle of bank debt-paid 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 can't afford the time cost. For example, if the auction procedure is started, once the auction fails, it will be in trouble.
thirdly, image setting is limited. Banks attach great importance to the maintenance of their own image, and directly pursue debts for arrears, 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 pursue many debts.
to sum up, for the disposal of non-performing assets, based on comprehensive factors, banks can't just dispose of them 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 mass transfer of personal non-performing assets by eliminating the debt bubble, which is in line with the national conditions, reasonable, legal and compliant!