Research On China’s Auto Loan Asset-backed Securitization

Auto Loan asset securitisation(Auto Loan asset securitisation),which refers to a security that is issued to an investor by a number of Banks of vehicle loans,through a series of legal frameworks and a calculation of cash flows,through the rating of the rating companies,and the combined package.Asset securitization originated in the United States in the 1970 s,and its purpose was initially to expand financing for Banks by issuing securities to replace bank stock loans.In 2005,China promulgated the "measures on the administration of credit asset securitization",which marks the beginning of the trial of the securitization of credit assets in China.After eight years of silence,credit securitisation restarted in 2013.With the increase of China’s resident income,car ownership has also increased.Due to the general youth of China’s automobile consumption group and the high demand for the quality of automobile,most people choose to buy a car to buy a car,which leads to a lot of auto loans.For the issuer,a car loan securitization of ideas and works similar to other asset securitization products,also is to revitalize the assets,the release of its liquidity,choose the car loans securitization.Among them,the commercial Banks and international automobile financial company plays a leading role in auto loans,but in the process of carry out a car loan,will inevitably encounter many problems,such as asset quality,consumer credit,loan risk prevention,etc.At the regulatory and macro level,the asset securitization business also encountered many difficulties,such as the imperfect rating agencies,incomplete laws and regulations,etc.On a car loan securitization introduced in this paper,on the basis of the existing research literature on the comb,combined with domestic asset securitization market development background and auto market present situation,analyzed the development situation of car loan securitization in China.Adopts case study method,combined theory with practice,the selection of CS bank car loan asset-backed securities products are introduced,and analysis of a car loan securitization of the business model,operation process,etc.,as well as the underlying asset pool inductive characteristics of CS bank car loan asset-backed securities,and from which summarizes problems existing in current car loan securitization,and to solve the car loan asset securitization in our country puts forward relevant countermeasures and Suggestions.