Case Analysis Of Zhongyu 2016 Phase Ⅱ Securitization Of Non-performing Assets Project Design

In recent years,affected by slowing macroeconomic growth,restructuring of micro-enterprises and overcapacity in some industries,the balance of non-performing assets and the rate of production of non-performing assets of commercial banks in China are increasing continuously,could bring risks and turbulence to the entire financial system.As a new way to dispose of non-performing assets,non-performing assets securitization can deal with bad assets in a fast and batch way,and it is worth promoting.However,there are still many defects in the project design due to the lack of practical experience in the securitization of non-performing assets in China at present.Therefore,this paper analyzes the project design of non-performing asset securitization to help promote the development of non-performing asset securitization in China.In this paper,case analysis and data comparison are used to analyze and study the project design of non-performing assets securitization,and finally some suggestions are put forward.This paper firstly introduces the background,purpose and significance of the research on non-performing asset securitization,and expounds the typicality and representativeness of the case of non-performing asset backed securities project in the second phase of China reputation2016.Secondly,this paper introduces the macro design environment of the securitization of non-performing assets in this period.Thirdly,this paper briefly introduces the architecture and current operation of the project in this phase.Fourthly,this paper introduces the core analysis of asset pool,transaction structure and credit enhancement mode.Finally,through the analysis of the relevant enlightenment,through these revelations to the commercial banks non-performing assets securitization project design corresponding countermeasures and suggestions.