The Development Of Credit Asset Securitization In China

In 2005, our country started the pilot securitization of credit assets. However, there leads to unstable effects on the financial system because of the US. Subprime crisis in 2008. As a result, the pilot securitization of credit assets was halted by the China Banking Regulatory Commission. Credit assets securitization has been formally started with further expansion of the notice for the pilot securitization on the relevant matters during 2012. Now in April 3rd 2015, the Central Bank officially began to implement credit asset-backed securities issue registration system (CLO), which indicates the new day of the era of registration for credit assets securitization. In November of 2014, the China Banking Regulatory Commission changed approval system into records system for credit assets securitization, representing the official start for the new mode of "the China Banking Regulatory Commission records system plus banking registration". As the important productions of the development of finical market in China, securitization of credit assets plays an important role in solving problems of commercial banks, spreading market risks and connecting financial sub markets.This dissertation compares the development of foreign asset securitization markets, and pays much more attention to the design and analysis the potential problems for asset securitization product, based on the analysis and summary of basic theory and basic principles of asset securitization. Under the new politics, new advice is put forward to make sure providing better development for securities company securitization.