As low as 0.17% off! Financial companies are intensively transferring non-performing loans, accelerating the disposal of burdens.

Since September, consumer finance companies have been continuously clearing non-performing assets. As of September 22nd, according to incomplete statistics, several consumer finance companies, including Bank of China Consumer Finance, China Post Consumer Finance, Jianxin Consumer Finance, Zhongxin Consumer Finance, Hangyin Consumer Finance, Jincheng Consumer Finance, Hubei Consumer Finance, among others, have been transferring non-performing loans. This year, the scale and frequency of consumer finance companies listing and transferring non-performing assets have significantly increased, indicating an industry trend towards accelerated risk clearance. Among them, Bank of China Consumer Finance has been particularly active and has already announced the 76th round of individual non-performing loan transfers. Analysts believe that by transferring non-performing assets in bulk, consumer finance companies can reduce collection and litigation costs, release risk assets, and signal the industry's shift from scale expansion to prioritizing quality. In the future, the market-oriented disposal of non-performing assets will become normalized.