According to Securities Daily, since the beginning of October, a number of banks have announced the commencement of non-performing asset disposal work. According to data from the official website of the Banking Credit Asset Registration and Transfer Center, the number of non-performing loan transfers and listings by financial institutions increased markedly in the fourth quarter. Two Hong Kong listed banks, Bohai Bank and Guangzhou Agricultural Commercial Bank, took the lead in launching a “10 billion yuan burden reduction” campaign. Sorting through the Yindeng Center announcement, it was found that since October, various financial institutions, such as branches of major state-owned banks, joint stock banks, urban commercial banks, and village banks, have been intensively issuing non-performing loan transfer notices. The assets involved are mainly personal consumption loans, operating loans, and credit card overdrafts.

According to Securities Daily, since the beginning of October, a number of banks have announced the commencement of non-performing asset disposal work. According to data from the official website of the Banking Credit Asset Registration and Transfer Center, the number of non-performing loan transfers and listings by financial institutions increased markedly in the fourth quarter. Two Hong Kong listed banks, Bohai Bank and Guangzhou Agricultural Commercial Bank, took the lead in launching a “10 billion yuan burden reduction” campaign. Sorting through the Yindeng Center announcement, it was found that since October, various financial institutions, such as branches of major state-owned banks, joint stock banks, urban commercial banks, and village banks, have been intensively issuing non-performing loan transfer notices. The assets involved are mainly personal consumption loans, operating loans, and credit card overdrafts.