The traditional disposal of non-performing assets is mainly carried out by asset management companies, and the mainstream methods are still debt restructuring, bond replacement and litigation recovery. These operating methods are more in line with the disposal characteristics of financial asset management companies in terms of personnel, time, experience and professionalism, and the proportion of trust participation is expected to be smaller.
After the trust enters the market, the main ways of participation are debt-to-equity swap, securitization of non-performing assets and transfer of income rights of non-performing assets, cooperation with asset management companies and participation in non-performing assets disposal funds. Among them, direct transfer, cooperation with asset management companies and participation in non-performing assets disposal funds are different. They are not operating modes in essence, but participants in the non-performing assets business in the early stage of trust, but they must be part of the actual operation, so they are no different from other operating modes.