Research On The Finance Management+Trust Mode Of The Asset Securitization

The asset securitization is the main trend in Chinese financial market. It may improve financial structure a lot. It plays an important role in defusing the financial risks, improving the asset flows and financial structure, and having the financial innovation. The research on the asset securitization and the analysis on the cases combining with Chinese laws and policies will help us to recognize the truth, modes, development directions of the asset securitization.The thesis analyzes and comprises the asset securitization on the related theories, and finds out the way to have asset securitization under the background of Chinese law environment and financial systems. The superiority of the credit asset securitization mode by Banking Regulatory lies in the well-completed law relationship and good bankruptcy remote. That of the special asset management plan by China Securities Regulatory Commission lies in view of the customers and fine transaction circulation. Finance management + Trust mode sets up the finance management plan through banks and distributes it to the public. The capital is used to establish the trust. The trust companies, which bring in the asset securitization theory and manage the capital, can combine the advantages of the above. It has both validity and feasibility.Finance management +Trust mode has mainly solved three problems: single way of using the bank capital management, capital resources bottleneck of the trust companies and the inner demand from the enterprises, government and the infrastructural. For the above reasons, Finance management + Trust mode is the inevitable result of the market mechanism. In this thesis, Finance Management + Trust mode operating mechanism is in full compliance with the essential requirements of the market asset securitization operating mechanism. Under the finance and law system environment in present, it is the practice choice in our asset securitization development.