Research On Accounting Problems Of Non-performing Asset Securitization Of Commercial Banks In China

As a financial instrument,asset securitization first appeared in the United States in the 1970s,and then developed rapidly around the world.China first carried out the pilot work of asset securitization in China Construction Bank in 2005,and rapid progress was made since then.However,the development of asset securitization is facing some problems in recent years.Firstly,there are more and more non-performing asset securitization.Secondly,the business of enterprise asset securitization is developing rapidly.Due to the influence of macroeconomic regulation and the continuous change of microeconomic structure,the non-performing loan ratio of commercial banks has reached 1.74%at the end of 2017,which makes commercial banks suffer great operating risk.Combined with relevant data in 2017,commercial banks have been seriously affected by the non-performing loan ratio.Restricted by the relevant warning line of regulatory authorities,many state-owned commercial banks have limited capacity to absorb non-performing assets,so commercial banks should continuously innovate to find a new way to deal with non-performing assets.As mentioned above asset securitization is an innovative financial tool,which provides a new way for commercial banks to deal with non-performing assets.As a financial tool,on the one hand,accounting could record the process of economic activities,and on the other hand,it could also clarify the economic responsibility,especially in the era of rapid development of asset securitization,the role of accounting business is more prominent.According to the analysis of asset securitization at home and abroad,after the 2008 financial crisis,the difficulty of accounting measurement of asset securitization has been increasing,which has been attached great importance to by experts in the industry.In this respect,China started relatively late,so the method of piloting while legislating should be sticked to In recent years,the Ministry of Finance has successively formulated documents such as Accounting treatment of Non-performing assets Securitization and Accurate Accounting for Enterprises No.23.However,there are not many regulations and related templates could be used during practical operation.At present,there are many literatures studying on asset securitization of domestic commercial banks,but most of them are based on the analysis of financial perspective,issues such as credit asset pricing and risk management have become hot topics for scholars particularly.In this paper,the accounting problem of non-performing asset securitization is selected as the research object.Firstly,the related theories are expounded,including the related concepts,theories and processes.Secondly,the sponsors of non-performing asset securitization are studied.This paper focuses on the analysis of the main problems in accounting,especially from the aspects of accounting recognition,accounting measurement,special purpose entity merger and the changes of securitization standards in China to analyzes in depth which accounting method is more suitable for China.Thirdly,combined with the case study of "Zhongyu 2016-1" non-performing asset securitization transaction,the relevant conclusions are obtained,and finally,relevant suggestions are matched according to the conclusions.Due to the late start of non-performing asset securitization of commercial banks in China,there are still many deficiencies in accounting standards.In view of this,this article analyze the securitization of non-performing asset and has strong practical significance.