Analysis Of Financial Transfer Risk And The Risk Of Asset Securitization

China is experiencing a historic institutional transition. The accumulated financial risks are being exposed at a high speed. Therefore the banks are looking for a kind of innovation to change the conditions and reduce the financial risk. Some foreign banks choose the way of securization to transfer the financial risk and have gone into a comparative future phase, while in our country we are in the phase of the beginning.It combines the method of demonstration with the method of normative analysis and the method of induction by empiricism.First of all, it explains the definition and behavior of financial risk, and then describes the mechanism of accruing and transferring of commercial banks' risk. Therefore it analyzes problems by the way of econometrics, gets the data of regression which support the above hypothesis. And then, it explains what is the securization recurring to the flow charts and the efficiency of the securization. Having explained the above questions, it emphasizes the risk in carrying through credit ABS and has a comprehensive and objective analysis on them. At last, we have an interactional analysis on the relations and mechanism between financial risk and financial innovation and financial supervision.We arrive at a conclusion that only under benign circumstances financial risk, financial innovation and financial supervision which are the interactional and interdependent iron triangle can get to a win-win-win goal. Therefore we should actively carry through institutional innovation and financial supervision.