In the fourth quarter, multiple banks announced the disposal of non-performing assets, with "hundred billion-level burden reduction" in action

According to Securities Daily, since entering October, multiple banks have successively announced the initiation of non-performing asset disposal work. Data from the official website of the Credit Asset Registration and Circulation Center shows that as we enter the fourth quarter, the volume of non-performing loan transfers by financial institutions has significantly increased, with CBHB and Guangzhou Rural Commercial Bank being the first two Hong Kong-listed banks to launch "hundred billion-level burden reduction" actions. A review of the announcements from the Credit Asset Registration and Circulation Center reveals that since October, various financial institutions, including branches of state-owned banks, joint-stock banks, city commercial banks, and rural banks, have intensively released announcements regarding non-performing loan transfers, primarily involving personal consumption loans, operational loans, and credit card overdrafts