Trust companies participating in the multi-mode of non-performing assets

The urgency of the problem of non-performing assets is a cliché, with the economic development, the problem of non-performing assets is becoming more and more serious, although our country has taken relevant measures, but the formation of non-performing assets of various reasons, the disposal of non-performing assets can not be effectively completed, trust as one of the disposal of bad assets, In recent years, small results, participation in non-performing assets, a lot of models, gradually become an indispensable way to dispose of non-performing assets.

In China, the Trust Company refers to the financial institution established in accordance with the PRC company law and the management measures of trust and Investment Corporation, which is one of the most important asset management structures in China, and plays a great role in all fields of asset investment, Trust companies take part in the disposal of non-performing assets in many forms, mainly divided into private-equity non-performing asset securitization, public offering of non-performing assets securitization and investment in local department asset Management Company (AMC) three models.

The securitization of the non-performing assets of private equity is to buy the bad assets of the bank through the Trust fund and never realize the related non-performing assets, but the disclosure of such business information is only aimed at the relevant trust program investors, so it is called "Private Placement". According to a trust company, the latest trading structure of this kind of business is: to pack up the bad assets of banks into an asset package and into a capital management plan, the Trust Company issued a structured Trust company to raise funds to get the capital management plan. In this trust plan, the inferior level of funds from the aforementioned banks, priority from the AMC and other non-performing asset management companies.

        is similar to the business model is to restart the trial of Non-performing Asset securitization, the Industrial Trust and BOC jointly issued the "goodwill phase" that is typical representative. This kind of business is also known as "public offering of non-performing assets securitization" because it is published in the inter-bank bond market. A Trust company researcher, this kind of business compared with ordinary public offering asset securitization business, the transaction structure is not very different, the trust company mainly acts as "SPT" role. 　　But in practice, trust companies are more like channel roles, as assets and funds are not dominated by trust companies. In addition, the stake in the local department of AMC, is also a trust company Nuggets bad assets model. At the end of last year, for example, Shaanxi Investment announced that its own capital of not more than 100 million yuan to invest in Shanxi Financial Assets Management Co. Since then, announced plans to add 200 million yuan to invest in Shaanxi Financial Asset Management Co., Ltd. at the end of last month. Industry insiders believe that the future AMC asset disposal Scale and profitability will continue to rise, ushered in a new wave of industry development. Shaanxi Financial Asset Management Co., Ltd., as the only AMC in Shaanxi Province, can acquire assets cheaply, obtain financing at low cost and expand business in multi-directional. Shaanxi State to invest in investment, can borrow the special status of AMC, share resources and policy dividend.