| In recent years,with the publication of consumer finance policy,and the development of technology,China’s population bonus has been shown in the consumer market.The scale of consumer loans has been greatly improved,especially non-bank lending institutions have shown great momentum.But because they can not meet the loan qualification of banks to get funds to expand their businesses,they choose asset securitization.So China’s consumer loans securitization developed lot since 2014.But it is still in its beginning stage in our country,so it is necessary to study the risk of this kind of product to provide theoretical basis for other scholars.And it is hoped that the risk prevention measures which are proposed in this article can help the relevant subjects to reduce the adverse impact of risk.This article uses the research methods which combine qualitative analysis with quantitative analysis as well as combine theory with practice.On the basis of existing research to further study the risk of non-bank lending institutions’ asset securitization.This article presents a complete analytical framework from the perspective of both the whole and individual cases.Firstly,the article points out the following risks,which are credit risk,regulatory risk,liquidity risk and operational risk,then analyzes the causes of various risks.Secondly,in order to materialize the research,this article analyzes the risk issues of JDbaitiao asset securitization.Finally,putting forward suggestions for risk prevention on both government and participating institutions levels.Through the research,it can be seen that the risks of consumer loans asset securitization are complex.So hopefully,the suggestion of the measures to prevent risk,can reduce the damage of risk.So as to promote the steady development of China’s consumer loans securitization,and promote the transformation and upgrading of China’s consumption,improve the contribution of finance to the real economy. |
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