Regulators encourage the transfer of non-performing assets. Over 100 transfers have been completed by consumer finance companies in the first half of the year.

Against the backdrop of regulatory encouragement for the transfer of non-performing assets, the consumer finance industry's market for transferring non-performing assets has continued to heat up this year. As of May 29th, 15 licensed consumer finance companies have issued 103 announcements of non-performing loan transfers, involving top institutions such as Zhaolian, Ant Financial, Xingye, Bank of China, as well as middle-level institutions such as Nan Yin Fa Ba, Ping An, Xing Fu, and Haier. Among them, Bank of China Consumer Finance alone has conducted 55 transfer transactions. The data from the Credit Reporting Center () vividly reflects the market's hotness. In the first quarter, the transaction volume of personal loan non-performing asset transfers by financial institutions reached 37.04 billion yuan, a surge of 761% compared to the same period last year. The total outstanding principal of consumer finance industry's listed asset packages for transfer is 10.14 billion yuan, with weighted initial discount rates between 2.82% and 10.66%, averaging around 5%.