National Financial Regulatory Administration, Measures for the Administration of Non-Performing Assets Business of Financial Asset Management Companies

国家金融监督管理总局金融资产管理公司不良资产业务管理办法

December 13, 2024 | BY

Susan Mok

NFRA specifies the non-performing assets that a financial asset management company may acquire.3600/24.11.11, ISSUED: 2024-11-11, EFFECTIVE: 2024-11-11

Issued: November 11, 2024
Effective: as of date of issuance


Applicability: The Measures apply to financial asset management companies established in mainland China in accordance with the law (Article 2).

For the purposes of these Measures, the term “entity that is not a financial institution” means an enterprise with legal personality, public institution, social group, organization without legal personality or other organization in mainland China other than the various types of financial institutions overseen by the central government’s financial authority and its agencies and local financial organizations overseen by local financial regulators (Article 6).

Main contents: A financial asset management company may acquire the following assets:

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