Research On The Influence Of Securitization Of Credit Assets On The "Three Characteristics" Of Listed Commercial Banks

The rise of asset securitization abroad has become an important financial innovation tool both at home and abroad.Securitization of credit assets is an important branch of asset securitization,which affects commercial banks' security,liquidity,and profitability.The credit asset securitization business has experienced two trials in China.In 2005,it first appeared in China's financial market,but was suspended in 2008 due to the impact of the US subprime mortgage crisis.In 2012,the securitization business of credit assets was restarted,and the impact on commercial banks was increasing.The business lines were getting higher and higher.In recent years,they were widely concerned by scholars and market practitioners.The author refers to a large amount of literature and focuses on the current status of asset securitization business in the securities market.He believes that the credit asset securitization business will still receive market attention and favor in 2018 and later.Therefore,this article will systematically study credit assets.The impact of securitization business on the "three sexes" of China's commercial banks,combined with the current market environment,proposes corresponding development proposals.This paper first analyzes theoretically the operational structure and related principles of credit asset securitization business and its impact on commercial banks' security,liquidity and profitability.The impact of credit asset securitization business on commercial bank operations is complex and multifaceted.In general,it helps to improve the safety,liquidity,and profitability of commercial banks.Then,the non-performing loan ratio,deposit-to-loan ratio,and net profit index of China's 17 listed commercial banks were used as proxy variables to reflect the bank's “three properties”.The quarterly data since the second trial was collected and used,and the random effects regression model and fixed effects were used.The regression model explores the actual impact of the credit asset securitization business on specific indicators of commercial banks.The study found that credit asset securitization business can reduce listed commercial bank's non-performing loan ratio,loan-to-deposit ratio and increase bank's net profit,which means that the commercial bank's security,liquidity,and profitability are improved.Finally,based on the status quo and problems of the development of credit asset securitization business in our country,the suggestions for development are proposed from the internal and external perspectives of commercial banks.