Analysis On The Securitization Of Non-performing Assets In Small And Micro Enterprises Of Commercial Banks

In response to the call of the national policy,to solve the problem of financing difficulties and high financing costs of small and micro businesses,China's commercial banks continue to increase their support for small and micro businesses,so that the total loans for small and micro businesses are on the rise.At the present stage,China's economy is in the new normal.The pace of economic growth is slowing down,and the economic structure is beginning to adjust.The real economy has been impacted to a certain extent,especially small and micro businesses will face certain business risks and market risks.The quality of small and micro enterprises has been reduced continuously,and the risk of small and micro enterprises facing bad loans is increasingly exposed.As an effective means to invigorate the bad assets of the bank,the securitization of non-performing assets has been on the Chinese stage.China Merchants Bank issued in 2016 second and extraction of non-performing assets securitization is the first single Chinese to small and micro enterprises as a pool of non-performing assets of non-performing asset securitization project,so the analysis of China Merchants Bank issued in 2016 second and extraction of non-performing assets securitization,has an important research value for future bank non-performing assets securitization of small and micro enterprises in the pool of funds,credit enhancement and risk control.This paper analyzes the small and micro enterprises' non performing assets securitization project issued by China Merchants Bank in 2016,that is,the second phase of the 2016 NPL support,referred to as the two phase.First,it briefly introduces the situation of China Merchants Bank's small and micro loans,and the basic situation of China Merchants Bank's two stage participants,transaction process and sale.Then on this basis the author from the pool of funds,credit enhancement and risk control three aspects,with the same type and extract four,Zhen Jin period compared to the bad issued by China Merchants Bank and by 2016 second of asset-backed securities are analyzed,and the extraction phase two has the reasonable use of internal and external the methods of credit rating,loan capital pool advantages of smaller scale,set up recycling incentives and excess offset processing terms to prevent risks,but there is also a pool area and industry concentration,the borrower in the lack of independence of information asymmetry may lead to moral hazard problems.Finally,through the summary of adverse China Merchants Bank issued in 2016 second and extraction of asset-backed securities,advantages and disadvantages,put forward China's commercial banks to issue Small and micro businesses non-performing assets securitization in the following suggestions: in the pool of funds,should give full play to the dispersion principle,not only the size and quantity of basic assets should be controlled,but also for various types of borrowers should also reduce the degree of concentration;the credit enhancement,should make comprehensive use of various methods of credit rating,specifically by priority / secondary grade structure,set the liquidity reserve account and set up credit trigger mechanism internal enhancement,as well as the third party external support flow enhancement in;risk control,perfect credit information system Small and micro businesses,enhance the loan information before the check to the non-performing asset securitization project ratings And the assessment provides convenience to enhance the accuracy of ratings,assessment,and cash flow recovery forecasts.