Research On The Influence Of Loan Securization On The Chinese Commercial Banks' Stability

Asset securitization,an innovative tool in the field of finance,has achieved remarkable results since its development.Asset securitization originated in the western developed countries,which improved the liquidity and credit risk transfer ability of American banks.However,2008' financial crisis caused the financial sector to form two major factions: securitization stability and securitization instability.The controversy has not reached a consensus conclusion in the financial sector.In contrast,the development of domestic securitization is not yet mature,and whether the domestic development of well-localized securitization of credit assets is conducive to the stable operation of the banking industry is worth further in-depth study.Therefore,this paper explores the impact of securitization of bank credit assets on the stable operation of China's commercial banks from the perspective of bank credit asset securitization.Based on this,the empirical part of this article chooses the data of 16 listed banks in our country as the sample source to explore.The article is characterized by the use of virtual variables to observe the impact of bank securitization activities on stability from the theoretical and empirical aspects of the impact of credit asset securitization on the stability of commercial banks in China.Firstly,combing the research results of domestic and foreign references;Secondly,it systematically expounds the operation mechanism of asset securitization and the development status and characteristics of China's credit asset securitization from the theoretical angle,and finds that the implementation of credit asset securitization is the internal demand of commercial banks to control credit risk and liquidity risk under the new normal economy.Finally,select the relevant variables to build a balanced panel data model on securitization and stability,and select the fixed effect model to do empirical research.the empirical results show that the current credit asset securitization of commercial banks in China is conducive to strengthening bank liquidity,but in terms of security has not reached the expected effect,asset quality has not been improved.The possible reasons are that the ratio of commercial banks to securitise credit assets is seriously insufficient,and most of the basic assets of securitisation are excellent assets.The securitization of non-performing assets started late and its scale is too small so its positive influence has not yet been revealed.Finally,according to the conclusion of the study,some suggestions on the development of credit asset securitization of commercial banks are given.