In 2021，the scale of non-performing assets continued to grow. The non-performing assets industry is characterized by “scale growth and diversified supply” in the upstream，“accelerating disposal and optimizing resources” in the midstream，and “intensified competition and professional improvement” in the whole chain. In 2022，the scale of non-performing asset market will continue to expand. The scale of non-performing assets of banks，non-bank financial institutions and non-financial institutions continues to increase，and the market competition is further intensified，which poses a challenge to the comprehensive ability of asset management institutions. The business with underlying assets as real estate is still the focus of the industry，and the relevant investment opportunities of special assets deserve attention.