With the continuous slowdown of domestic economic growth, the pressure of economic restructuring in various industries and regions has increased, and the non-performing loan balance and non-performing loan ratio of banks and non-bank financial institutions have continued to rise. Under this situation, the launch of the pilot program for securitization of non-performing assets, the market-oriented advancement of debt-to-equity swaps, the expansion of asset management companies, and the emergence of Internet-based non-performing asset disposal institutions have undoubtedly brought new hopes for the disposal of special assets. Under the new normal of economic development, it is necessary to integrate resources with an Internet thinking to grasp the special asset management industry, and continuously optimize the important role of resource allocation while effectively improving disposal efficiency. The following is an analysis of the thinking on special asset disposal under the new normal from different thinking modes.

1. From the perspective of value thinking, understand the value contribution of special asset disposal

Special assets are actually valuable assets. With proper operation and management, assets can bring different recovery values and achieve the maximum value return. To solve the problem of slowing profit growth, "increasing revenue and reducing expenditure" is of great significance in strengthening special asset disposal to reduce asset losses. Special asset disposal helps banks and non-bank financial institutions resolve financial risks and serve the supply-side structural reform.

2. From the perspective of investment banking thinking, improve the efficiency of special asset disposal

• Scientific application of debt-to-equity swap model: By carefully selecting the list of enterprises for debt-to-equity swaps, priority should be given to overdue, substandard and special-mention loans; select difficult enterprises that have been temporarily stranded due to excessively high debt ratios in line with national policy orientation, and establish solid professional platform institutions. In platform construction, focus on the cultivation of professional and high-quality talents, improve the operation mode and risk control mechanisms, and enhance operational efficiency.
• Accurate application of non-performing asset securitization model: Asset securitization can connect the credit market and the capital market, which is an effective means of disposing special assets.

• Rational application of debt restructuring model: Drawing on investment banking thinking, realize the optimal allocation of social resources and resolve non-performing risks through mergers and reorganizations such as introducing acquirers and changing investors.

3. With a collaborative thinking model, build a pattern for special asset disposal

• Strengthen coordination with external banks or asset management companies: Under the policy framework for bulk transfer of financial special assets, innovate disposal forms in combination with the actual situation of the domestic bulk transfer market.
• Form internal synergy for disposing special assets: Strengthen inter-departmental linkage and complementarity to promote the in-depth development of special asset disposal.
• Enhance online and offline integrated coordination: The introduction of the "Internet + special asset disposal" model can effectively control costs and achieve optimal resource matching through an intelligent information matching system.
• Introduce big data technology: It is crucial to continuously introduce big data technology in special asset disposal and accelerate the construction of databases and data analysis models in special asset disposal.

4. Use dialectical thinking mode to handle relationships in special asset disposal

• Correctly handle the relationship between disposal innovation and risk control: Always adhere to prudent and steady disposal methods, and carry out innovative practices of special asset disposal on the track of legalization and compliance.
• Correctly handle the relationship between market-oriented disposal and independent collection: Comprehensively consider both non-performing asset control and operating profits, and seek a reasonable combination of disposal methods in terms of disposal speed and disposal income.
• Correctly handle the relationship between stock disposal and source governance: Adhere to the bottom line of asset quality and fundamentally solve the complications of special assets.

• Proceed from the overall situation of serving the real economy: Help enterprises with sound fundamentals get out of difficulties; strengthen coordination and communication with the financial industry, local governments and regulatory authorities to effectively safeguard financial claims.

Conclusion

In summary, the correct new thinking of asset disposal can better strengthen disposal efficiency, carry out more diversified and varied asset disposal services, and promote enterprise innovation and development.