Zhengzhou Bank completes the transfer of 10 billion yuan of non-performing assets to Zhongyuan Asset.

On October 7th, Jin10 Data reported that Zhengzhou Bank announced that it has received RMB 5 billion cash and trust beneficial rights with a total value of RMB 5 billion from Zhongyuan Assets, and has transferred all credit and other assets as of July 21st (the base date) to Zhongyuan Assets. The relevant asset transfer contract became effective on September 26th. Zhengzhou Bank stated in the above announcement that the assets to be transferred are already low-yield assets, and due to changes in the economic situation, after loan review, the repayment ability of the borrowers of the assets to be transferred has already shown certain problems, which poses certain risks and hidden dangers. The asset quality may deteriorate to a certain extent in the future, and even after the implementation of guarantees or necessary legal procedures, there is still expected to be certain losses.