What is the non-performing asset management industry?

Non-performing assets: refers to the net loss and potential loss (funds) of assets that have not been disposed of by the enterprise, as well as the estimated loss amount of various problem assets that should be set aside for asset impairment according to the provisions of the financial accounting system. Non-performing assets of banks are also often called non-performing debts, the most important of which is non-performing loans, which refer to loans that bank customers cannot repay principal and interest on time and in quantity. Non-performing assets is a general concept, which is aimed at the bad debts in accounting subjects, mainly but not limited to the non-performing assets of banks, governments, securities, insurance, funds and enterprises. Financial enterprises are the source of non-performing assets. The bad assets of banks are also called bad debts in a strict sense.