In 2020，affected by the impact of the epidemic and the uncertainty of the external environment，the scale of non-performing assets will continue to grow. The scale of non-performing loans of commercial banks continues to rise，and the non-performing rate is still at a high level；non bank financial institutions and non-financial enterprises have become an important source of supply of non-performing assets. In the face of huge supply，non-performing assets market participants present a diversified pattern，market competition intensifies，asset package transaction scale increases，and the price downward trend is obvious. From the perspective of supply，the scale of non-performing assets in 2021 shows an expanding trend；from the perspective of disposal，it is necessary to increase the strength of non-performing assets disposal and explore new ways to resolve risks；from the perspective of market，opportunities and challenges coexist in the non-performing assets management industry，and investment opportunities need to be grasped in the changing situation.