Study On The Impact Of Credit Asset Securitization Based On The Three Principles Of Commercial Banks

With the common development of commercial banks' asset and operating efficiency,business risks are also synchronized breeding.Banks gradually have some internal weaknesses such as profitability tending to decline,liquidity weakened,ratio of problem loans increased.In the meantime,in face of the market competition of external freshmen such as Internet finance,banks owned by enterprises and individuals and foreign capital banks,merchant banks develop under the pressure of domestic and external disasters.The birth of credit asset securitization is undoubtedly one of the effective channels for commercial banks to resolve operational crises,and has far-reaching and significant impacts on maintaining and promoting healthy and continuous operation of commercial banks and financial industry.Therefore,this article focuses on the development of securitization of credit assets and uses the practice of listed banks in our country as a data research from the microscopic perspective to study the effect on the "three principles" of commercial banks,which is profitability promotion,liquidity management and stable operation effectiveness.In this way,the essay analyzes the research conclusion and puts forward the development countermeasures according to the characteristics and problems of the credit asset securitization as a reference.This article is divided into four sections discussed.The first section is primarily sorting out the process of credit asset securitization in China's banking industry.It generalizes the meaning and stage of securitization.The ten-year exploration of credit asset-backed securities is divided into four major stages,which is "Pilot-Stagnation-Recovery-Development".The paper starts with the restart of securitization and compares the characteristics of development before and after the restart.In general,the development of securitization shows the exponential growth of circulation and amount,the diversification of product varieties and the gradual expansion of types and scope of banks,but there are also some bottlenecks in the development of securitization,such as the low level of development,insufficient service and support of intermediaries,low degree of NPA securitization and not proper supervision.The second part is a summary of the relevant theories of securitization and commercial banks' characteristics,it describes the core and three basic principles of securitization,and analyzes the interrelationship between the three characteristics.Based on above analysis,this paper studies the mechanism relationship between the two aspect,and concludes that the implementation of credit asset-backed securities can expand the operating income from both revenue and cost,promote liquidity management in multiple aspects,increase capital and decline risk to attain this function of steady operation.The third part is about the data measurement of 15 listed banks.Through the regression of the grouping of state-owned banks and national joint-stock banks,this paper come up to three points:Firstly,executing securitization influences banks'growth positively on enhancing profitability,liquidity management and stable operation;secondly,comparing two types of banks,the results show that the securitization effect on the national joint-stock banks is more effectively and the impact of state-owned banks is not very obvious;thirdly,differences between types of banks and inner financial reasons causes the consequence,while the number of samples and the screening of empirical methods may also have an impact on them.Finally,based on theoretical exposition and quantitative experiment,the article advocates six suggestions:carrying out the securitization according to business condition and demand;improving creativity of securitized products,especially the extending circulation of trouble assets backed security;strengthening policy support and regulating seriously;setting up special laws and regulations to make operation and implementation rules standardized;establishing the trading market and expanding the scope of investors;perfecting a unified credit rating system and encouraging the growth of intermediary institutions.