Up to December 2023,the credit stock reached 238 trillion yuan,which has caused hidden dangers such as decline of output efficiency and debt repayment pressure.It is estimated that in the next 2-3 years,through the continuous optimization of re-lending,credit Asset-backed Securities,non-performing loan disposal,the annual revitalization space may reach 33-45 trillion yu-an.Commercial banks should actively explore the credit life cycle management,implement credit management process reengi-neering,promote the connotative development transformation.