Research On Financial Influences Of Credit Asset Securitization Over Chinese Commercial Banks

As one of the most important innovations of the global financial community in the 21^st century,asset securitization came into being in the 1960s and 1970s.First researched and applied in the United States,asset securitization provides new ideas for world financial development,and has become a heatedly discussed topic in the financial sector.China has formally implemented credit asset securitization,a basic category of asset securitization,since 2005.Relevant institutions such as the People's Bank of China and the China Banking Regulatory Commission have successively issued a series of policies and regulations to provide legal protection for financial institutions such as commercial banks to carry out credit asset securitization businesses.After continuous development,the overall situation of credit asset securitization business in China is relatively optimistic.The credit asset securitization market has expanded rapidly,with major commercial banks and other financial institutions successively joining in the credit asset securitization business.Many experts and scholars have studied and analyzed credit asset securitization in China.However,there has not yet been a consensus on the financial influences of credit asset securitization over commercial banks.Therefore,the paper explores the effectiveness of credit asset securitization based on its financial influences over commercial banks,aiming to provide convincing guidance on the future development of credit asset securitization in China.The thesis combines qualitative analysis,case study and quantitative analysis to study the financial influences of credit asset securitization over commercial banks in China,bringing forth innovative ideas both in terms of research content and analysis perspective.First of all,with the financial effect of commercial banks as an entry point,it is determined that credit asset securitization can,to a certain extent,improve the profitability,safety and liquidity of commercial banks.Secondly,on the basis of theoretical analysis,combined with the case of credit asset securitization trust asset-backed securities of China Industrial Bank in the second quarter of 2016?referred to as“CIB2016-2”for short?,the thesis analyzes the specific financial influences of credit asset securitization products on China Industrial Bank.Meanwhile,to exclude the influences of other factors,a series of control variables are introduced to conduct empirical analysis.With relatively comprehensive perspectives of analysis and factors taken into consideration,this study deepens currently available researches.In addition,the samples used in the empirical analysis are 11 complete semi-annual panel data of 15 commercial banks from June 2012 to June 2017,which is relatively new.Based on the qualitative analysis,case study and quantitative analysis,the thesis proposes practical and feasible suggestions,which is of certain practical guiding significance.