At the beginning of 2020, COVID-19 disease (the “COVID-19″) broke out in Wuhan, China. On January 30 Geneva time, the World Health Organization (WHO) declared that the spread of COVID-19 in China was listed as a ” Public Health Emergency of International Concern ” (PHEIC) , followed by a global outbreak. Undoubtedly, the COVID-19 pandemic has caused a direct and widespread negative impact on all the industries in China. In this article, we briefly analyze the trends of business of non-performing asset (the “NPA”) disposal in China and the opportunities and paths of foreign capital’s participation in the context of the COVID-19 pandemic.