经济新常态下,商业银行的资产质量会承受较大的压力。在这种情况下,一方面要加大不良贷款的处置力度,另一方面则要把握好存量和新增贷款的实质性风险,止住新的出血点。其中第二方面是关键,因为这直接决定了资产质量能否从根本上好转。本文从宏观、中观、微观三个层面对信贷实质性风险(这里仅探讨大中型企业信贷的实质性风险)的把握提出了几点看法。 Under the new economic normal, the asset quality of commercial banks will be under great pressure. Under such circumstances, we should intensify the disposal of non-performing loans on the one hand, and on the other hand, we should grasp the substantial risks of stock and new loans and stop new bleeding points. The second aspect is the key because it directly determines whether asset quality can fundamentally improve. This article from the macro, meso and micro levels of the substantive credit risk (here only to explore the substantive risks of large and medium-sized corporate credit) to put forward some observations.