The Research Of Supervision And Regulation On Commercial Leasing Asset Securitization

2014-2017,Commercial leasing asset securitization is growing rapidly.The basis quality of leasing assets and debtor are strengthening constantly.Because of beginning period,law's obstruction,lacking of supporting system,Shanghai stock exchange and Shenzhen stock exchange supervision and regulation on Commercial Leasing Asset Securitization like credit bond.This Supervision position influences deeply in the following aspects: the preference of investment risk in primary market declining;liquidity shortage in exchange market;private commercial leasing has higher borrowing cost;credit rating of SPV is fluctuating;lawyer's compliance review can't get the essence;SPV's construction are similar with each other,postpone the prevention from the risk of default.After the subprime mortgage crisis,American's supervision pay attention to information disclosure,retaining the inferior share by debtor.These regulations are learned by Chinese's stock exchange.2017-2018,Like standard of leasing assets,so many policies are issued by Chinese's stock exchange.As time passed,authorities' s level is promoting with definite position of commercial leasing asset securitization.The basis quality of leasing assets,law and marker are the key of the position.Through the judicial case,trade manage,the participants are forced to promote the management ability of assets,the attitude of accountability.Finally achieving the development of commercial leasing asset securitization market.