Problems And Suggestions Of Green Credit Asset Securitization Of Commercial Banks

Under the background of comprehensive deepening the reform of financial system by the government,the development of green finance has ushered in a good opportunity.As the main position of the financial system,commercial banks actively respond to the government’s call to develop green financial business.Applying asset securitization to green finance will add new vitality to green finance practice.Green credit asset securitization will help commercial banks to revitalize asset stock,promote business transformation and implement green financial policy.On December 21,2017,Agricultural Bank of China successfully issued "Green Credit Asset Securitization Products Phase 1,2017",which became the first certified green credit asset securitization product in the bank market.Successful issuance of this product has created a new model of using investment banking tools such as asset securitization to promote the development of green industry and accelerate the construction of ecological civilization.This paper intends to point out the problems existing in the development of green credit asset securitization and put forward corresponding countermeasures and suggestions through theoretical and case analysis.Firstly,this paper expounds the background and significance of this study,summarizes the advantages and disadvantages of green credit asset securitization through the theoretical overview of green credit asset securitization;Secondly,it analyses the development status of green credit asset securitization market in China and points out the problems in the development process,such as imperfect product design,policies and regulations,credit rating mechanism,non-standard third-party green certification,and insufficient liquidity in the secondary market.;Thirdly,analyzing the case of "17NONGYING" from the aspects of the concentration of asset pool,the interest rat of the loan,credit rating mechanism and third-party green certification to research the advantages of the current product and existing problems;Finally,it summarizes the key factors of successful product issuance in this period,and puts forward corresponding countermeasures and suggestions to improve the development of green credit asset securitization business in China.At present,the research of scholars mainly focuses on the problems and suggestions of credit asset securitization,and there are not many studies on green credit asset securitization.Based on the research of credit asset securitization,this paper studies theproblems and Countermeasures of green credit asset securitization.Through theoretical research and case analysis,it concludes that the green credit asset securitization market of commercial banks in China is not very mature,and there are still some problems in its development.On this basis,this paper summarizes the key factors for successful issuance of green credit asset securitization products by commercial banks,and puts forward corresponding countermeasures and suggestions for the existing problems,such as enriching the types of basic assets,improving relevant policies and regulations,improving credit rating mechanism,standardizing the certification standard of third-party green evaluation,improving the liquidity of secondary market and cultivating the green investment theory of investors.This study enables participants to better understand,issue and invest in green credit asset securitization products,which has a certain role in promoting the development of China’s green financial market.