In 2022，the overall size of China’s non-performing asset market continues to show a growth trend，and the bail-out and risk resolution in key areas such as real estate and small and medium-sized financial institutions have attracted widespread attention. The market entities of non-performing assets actively focus on non-performing main businesses and give full play to the counter-cyclical adjustment function. With the active support of the macro policy，with the gradual recovery of the domestic economy，looking forward to 2023，the investment confidence of the non-performing asset industry will warm up，the transaction activity will be further improved，the business model will also be gradually upgraded and optimized，the non-performing asset market will face more development opportunities，and the further improvement of the industry mechanism will also promote the rapid development of the industry towards marketization and standardization.