Bank Asset Securitization: Learning And Innovation

Background of topic selectionDifferent from mixed operation trend in the world, the operation and management of financial circles are separated operation in our country. Lack the mechanism of contacting among money market and capital market under this major frame and their development is incongruous. The bond market lags behind on the stock market. The system function of the bank misplaces, the number of non-performing assets is great and mobile risk is obvious. It is a system engineering to solve these problems, while, a financial instrument can erect a bridge for money market and capital market, which Can not only solve the mobility of the bank but also realize the optimization of the bank risk and income .This tool is assets securitization. Assets securitization is a kind of major financing technology, which is adopted in a large amount on the international capital market, and the transnational trade is increased rapidly. Its appearance not only has offered a new financing tool but also make such financial institutions as the commercial banks face the enormous challenge. Assets securitization has the function of risk transformation, mobility improvement and credit create, so it has caused the deep changes in many aspects of financial market.We find developing countries have not been repelled outside the international operation of the assets securitization for the reason of the weak economic and legal foundation, in the opposite they are positive participants and main roles of many innovative cases. In China, since the early of 1990s, untiring efforts have carried on the study of assets securitization, and in the middle and later periods, three off-shore projects have achieved success already. Later, commercial banks and other financial institutions including the central bank have done a lot of work about assets securitization. Until now, there is no real assets securitization project in our country but some disguised forms under the existing frame. What kind of obstacle exists in our country and what is the reason not implemented? Could we apply assets...