Since its establishment in 2001, Wisdom has been focusing on the disposal of special assets, initially serving four major AMC institutions, and later expanding to two local AMC institutions in Hubei Province, major state-owned banks, joint equity commercial banks, policy banks, local banks and other financial institutions.

The Special Assets Department has accumulated rich experience in various forms of full process disposal, such as serving as legal advisor, agent litigation, assisting in asset management, debt restructuring, collection and disposal, and assisting asset companies in packaging in the disposal of non-performing assets in the front-end asset, middle asset, and end asset disposal, and has trained a group of experienced lawyers. In the process of disposing of special assets, we have established good cooperative relationships with various financial institutions, property rights trading institutions, and social investors, and maintained good working contacts with local governments and court enforcement agencies. And we now have information on over 60 billion special assets in the province. The Special Assets Department has one minister, three deputy ministers, and a team of nearly 40 lawyers. The minister, deputy minister, and several senior lawyers have been engaged in special assets disposal work for over 20 years. The team lawyers who all have experience in the financial industry are familiar with financial policies and laws, and have rich theoretical and practical experience. They have accumulated rich theoretical knowledge and practical experience in the following fields：

Special assets due diligence, transfer risk review, value assessment, negotiation, etc.

Special assets disposal and revitalization: debt-to-equity swap, special asset securitization, debt transfer, usufruct transfer, debt restructuring, debt repayment, litigation settlement, compulsory execution, bankruptcy liquidation, packaged sales, etc.

Special assets investment opportunities exploration and business matchmaking, etc.

Industry outlook：The supply of special assets will continue to increase. At present, China's economy is still facing many internal and external uncertainties, and financial risks are also showing new characteristics, and the task of risk resolution is arduous. Superimposed by the impact of the "Black swan" incidents such as the Sino-US trade conflict, the COVID-19, and the Russia-Ukraine conflict, the supply of special assets markets is still likely to further increase and the disposal methods for special assets will be more diverse. With the continuous improvement of financial regulatory policies and market mechanisms, new disposal models for special assets such as the asset securitization of special assets, market-oriented debt-to-equity swaps of special assets, and special loan usufruct transfer by the  China Credit Assets Registration & Exchange Co., Ltd., will gradually increase in the proportion of special assets disposal in the future. The special assets market will enter a stage of high-quality development. In recent years, the non-performing loan balance and non-performing loan ratio of commercial banks have seen a "double increase", non bank financial institutions continue to expose risks, open market debt default problems continue to erupt, local financing platform risks are gradually exposed, and the credit crisis of some large real estate enterprises has worsened, further increasing the supply scale of special assets. The buyer entity is also gradually diversified, and the disposal methods of special assets are also continuously enriched. With the continuous increase in market participants, trading frequency and scale, the special assets market is expected to enter a high-quality development stage.