Accelerated disposal of bad bank assets policy recommendations Both developed and developing countries, how to effectively guard against and defuse the bad assets have been encountered in the international banking community can not avoid global problem. Right is in transition to a market economy for China&#39;s banking industry to accelerate the disposal of bad assets only from the government, banks, enterprises, especially state-owned enterprise reform to proceed, can be effective and integrate the results. First, give full play to the Government in the bank non-performing assets disposal process and the basic role 1. Deepen structural reforms, strengthen macroeconomic control to prevent macro-economic fluctuations. China&#39;s non-performing assets of the institutional features that deepen the structural reform, to ensure the economic development of effective prevention and disposal of quality is a prerequisite for non-performing assets. In fact, the banks most worried about is macroeconomic volatility. This point, we can before and after the Asian financial crisis, Thailand, Korea, Singapore changes in non-performing loans to get a clear observation. Therefore, we process of deepening reform, we should learn from developed western capitalist countries absorb the market&#39;s successful experience in economic construction, continuously strengthen macro-control ability, 提 高 macro decision-making accuracy and predictability. 2. To create a non-performing assets of a good external environment. First of all, we must regulate the relationship between the government and banks. The present circumstances, 要 efforts to change the major issues of state-owned commercial banks by the government officials and banking party committee decided the status of the Board Zai truly play its due role in Corporate Governance. Secondly, banks dispose of bad assets this particular behavior, we must establish a special &quot;non-performing assets of financial law&quot; to regulate the disposal of bad assets, as non-performing assets to provide specialized services. At the same time, to lay down the &quot;Loan Act&quot;, sure to manage the loans, lending behavior to achieve the legal system. Finally, we should vigorously improve the social credit environment, to avoid the corporate Tao Feizhai behavior. 3. Cultivate non-performing assets market, promote the circulation of non-performing assets. While relaxing the private capital market access, to allow private capital to join in the disposal of bad assets to the business; the other hand, international markets, the introduction of foreign strategic investors. Meanwhile, property rights transactions in the enterprise based on the gradual establishment of non-performing loans, including banks, including forms of debt market and enhance the liquidity of debt. Which is the key to solve the pricing of non-performing assets. Therefore, assessment of non-performing assets to strengthen the system construction, improve the assessment of accuracy and impartiality. Second, focus on improving the main commercial bank&#39;s ability to dispose of bad assets 1. Revitalize the stock, make great efforts to compress the existing non-performing loans. Solve the bad loan problem, you must first activate the bad assets from the start, the use of economic, legal, administrative and other measures, multi-pronged approach to the formation of non-performing assets have been gradually compressed to a manageable limit. To this end, we must actively seize the good opportunity to the local economy, accelerate the disposal of repossessed assets to property repossessed assets through the development, transfer, leasing and sale of assets realized in the form of preservation; to support key projects, key projects building the same time, the opportunity to seek the support of local governments, commercial banks and the debtor&#39;s bilateral negotiations 变 成 government Bumen, Hang Shi functions of government departments involved in multi-Touzigongsi Deng&#39;s negotiations to resolve the Bad Assets Lishi left; make full use of Bank&#39;s own advantages and various service functions, in the careful market research, based on the actual risk control first, active cooperation with the debtor, to have Zhang relaxation, rovide water for fish in the clear revenue Strategies. Meanwhile, efforts to help enterprises to strengthen management, to support enterprise reform and property rights system for domestic and foreign enterprises with joint, co-operation through mergers, debt restructuring, to increase their investment and other new ways to revitalize the corporate restructuring; to focus on the potential of mining within the bank, through the development of non-performing assets received clear incentives to focus all resources, to mobilize all efforts on clearing income. 2. Against the incremental, effective control of credit risk assets. Various non-market factors and the bank itself are all factors in the formation of non-performing assets have a major impact. Therefore, we explore the banking reform, should also strengthen financial innovation, based on the commercial bank&#39;s credit risk management capabilities, development, use modern credit risk management tools. Among them, the management of credit derivatives, credit risk spread and re-configure a powerful tool, its presence can change their traditional lending relationship between banks and enterprises, increase the flexibility of bank loan management. If the borrowers credit crisis emerged, commercial banks can start the delivery of credit derivatives, credit derivatives market through risk transfer will not want to go out and achieve re-configuration, which also can inhibit the borrower&#39;s moral hazard. 3. Innovative means of non-performing assets. (1) to innovative mechanisms for non-performing assets. At present, China commercial banks dispose of bad loans to asset management commonly used risk models. In this regard, we can view from the financial mixed operation, transformation of state-owned commercial bank financial holding group, consists of a holding of the joint-stock banks and a wholly owned asset management companies, non-performing assets of banks separated from the inside out by a wholly-owned asset management company specialized operation, while investment banking given the corresponding functions, and full use of the state&#39;s preferential policies for asset management companies, and gradually realize cooperation and foreign investment banks, commercial banks dispose of bad assets. (2) increase the market&#39;s efforts to dispose of bad assets. One is to strengthen non-performing assets management theory, change the bad assets will practice only as a burden and discover the true value of bad assets and operations through various means to increase their real market value, so that hardening re-flow and activation of non-performing assets to generate new cash flow. Meanwhile, the realization of the &quot;asset-centric&quot; to &quot;customer-centric&quot; transformation, will be the disposal of bad assets and bad customer assistance combine to achieve the common development of banks and their customers. Second, strengthen the packaging, bidding, commissioned operation, auction, promotion and other market-oriented asset disposal and promote the use of a summary, rich in content and form and innovation continue to expand and enhance the effect of disposal of the market. Third, strengthen cooperation and asset management companies, full use of the national asset management company to give special incentives to explore the physical investment, debt-equity swap of assets disposed of new methods, new ways to make the whole package transfers disposal. (3) active pilot securitization of non-performing assets. Securitization of non-performing assets of financial institutions dealing with Western developed countries, non-performing assets is an important experience. Its essence is a series of bad bank portfolio, packaging, measured by an intermediary body Pinggu after, as its underlying asset She Ji Yi Ding of securities of 产品, through the capital market for sale to investors, Yi Dadaochuzhi bad assets Huishouzijin the Mudi . Non-performing assets securitization of bad loans the banks can book from the bank on a massive scale to eliminate, to increase bank liquidity, to reduce bank risk, improve the bank&#39;s capital adequacy ratio. Although its implementation requires a certain condition, but as a financial derivatives innovation, we should actively explore. 4. Improve the commercial bank loan risk management systems and enhance capacity of self-restraint. First of all, to establish and improve credit management, organizational structure, processes and analytical tools, such as the implementation of flat management, credit risk management continue to be a new concept, principles, tools, etc. through the institutionalized framework, passed to the line of credit business, credit approval and control and other related personnel, to credit and risk management related to the customer on the credit situation of serious and responsible investigation. Second, the risk of credit assets should be classified as the core of risk control, establish a risk classification model, improved loan risk early warning mechanism. Vertical leadership to implement the credit again to establish systems of strict bank&#39;s audit system, and actively promote a relatively independent internal audit system and improve auditing and audit independence, the frequency and quality, and strict accountability and executives directly responsible for liability. Finally we need to nurture and establish a good credit culture. The final analysis, credit decisions were made on the people to judge, only a healthy credit culture, credit officers to make due diligence in order to implement the rules and regulations in order to form a common risk management values and behaviors. Third, deepen the reform of enterprises, especially state-owned enterprises reshape relations between banks and enterprises 1. Accelerate the pace of enterprise reform, improve the enterprise&#39;s capital strength. In recent years, 我国 enterprise capital strength, although much of the reform improved Dan in terms of market economy rules, Zong Ti Yi Ran a lower proportion. Indirect financing in the corporate dominated case, the business capital of the lower proportion of potential first problem is to leverage bank lending rate was higher leverage means higher risk enterprise itself is relatively small, but Bank risk is relatively greater. Therefore, only accelerate enterprise reform and growth, guide enterprises to firmly take a standardized bankruptcy, encouraging mergers, reducing the road to increase efficiency, and actively promote the company&#39;s capital restructuring to address the inefficient small-scale problems, and constantly enhance their capital Golden ratio of capital to supplement and perfect the mechanism of self-accumulation, bank loans, it may reduce the risk. 2. To cut off state-owned commercial banks and the necessary connection between state-owned enterprises, so that the two were a real market competitors, and the establishment of commercial debt payment. In China, the state-owned commercial banks and state-owned enterprises is not between the debts and liabilities of the Western market economy, meaning that credit and debt, at best a &quot;subsequent&quot; (ex post) debt payment. Therefore, while we only deepen the reform of property rights of state-owned enterprises, to really establish a &quot;clear property rights, power and responsibility, separation of enterprise and scientific management&quot; of the modern enterprise system and the shareholders, board of directors, managers, board of supervisors to discharge their responsibilities standardized corporate governance structure, in the past distorted relationship between the bank and will return to normal, banks have served as a constraint to strengthen creditor banks of bad assets is possible to eradicate.
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