What is the financial institution that handles non-performing assets?

Financial institutions are financial asset management companies.

In the financial system, there is a special kind of institution, which takes resolving financial risks as its own responsibility and specializes in disposing of non-performing assets, namely financial asset management companies. It refers to a wholly state-owned non-bank financial institution established in the State Council to purchase non-performing loans of state-owned banks and manage and dispose of assets formed by non-performing loans of state-owned banks. Financial asset management companies should give full play to their professional advantages, focus on the main business of non-performing assets disposal, and play a unique role in helping to resolve financial risks.