Research Of Mortgage Back Securitization Of Commercial Banks In China

Asset-Backed Securitization is one of the most important financial innovations in the international finance field in recent several decades. Asset-backed securitization originates from mortgage-backed securitization and mortgage based securities is the most important of securities. Based on the development of the housing finance of foreign countries, mortgage-backed securitization is the general tendency of housing finance.The housing mortgage loan is growing very fast and the future of the loan market is indubitable in china. But the banking alone can not deal with the problems that arose in the development of the primary mortgage market. So the urgent affairs now are to research how to carry out mortgage-backed securitization in Chinese commercial banks.First, the thesis introduces the history of the mortgage-backed securitization development in foreign countries. Second, the thesis introduces the primary theory of mortgage-backed securitization. It puts emphasis on the SPV and the credit enhancement. Third, it introduces the present of the housing finance development in China and expatiates upon the significance of mortgage-banked securitization to economy and commercial bank. Fourth, The thesis also analyzes a potential demand for mortgage-backed securities. There is a game analysis of selection of loan in securitization and housing mortgage loans is reckoned as good assets in securitization. It analyzes the motive of mortgage-backed securitization in Chinese commercial banks. Finally, the thesis expatiates upon the obstacle to mortgage-backed securitization in china and presents some proposals. It emphasizes the importance of government participation.