Research On The Securitization Of Non-Performing Assets Of Commercial Banks In China From The Perspective Of Government Supervision

The non-performing asset securitization business of commercial banks is a kind of financial innovation business which has sprung up again in the capital market of our country in recent years.This kind of business has gone through several decades of development in the capital market of foreign countries.The securitization model of non-performing assets comes into being with the increasingly serious problem of non-performing assets in commercial banks.Because this model can transform the non-performing assets on the balance sheet of commercial banks into off balance sheet items,which is conducive to improving the liquidity of the balance sheet of commercial banks and improving the profitability,it is also regarded as one of the effective ways to solve the non-performing assets of commercial banks,and has achieved good results in the actual operation of financial markets in some countries.With the further opening of China's financial market and financial industry,the professional level and international level of domestic banking industry have also been improved.In 2016,China's financial industry restarted the process of non-performing asset securitization.After that,the major domestic commercial banks did not carry out more in-depth exploration and full practice in the area of non-performing asset securitization,and achieved rich results in just a few years.However,due to the current main structure of China's financial market and relevant laws and regulations As well as the imperfect trading system,there are still some problems to be solved in the practice of asset securitization business of commercial banks in China.Therefore,on the basis of fully collecting the data of the government supervision and non-performing asset securitization of commercial banks and referring to the previous studies,this paper first expounds the relevant concepts and theories of non-performing asset securitization of commercial banks,and introduces the development process and current situation of asset securitization of commercial banks in China.Then combined with the business operation cases of commercial banks in recent years in the process of non-performing asset securitization practice,from the three aspects of government,market and commercial banks,this paper analyzes the problems in the practice of non-performing asset securitization,such as imperfect supporting laws and systems,too centralized asset pool,credit enhancement measures to be improved,asset pricing technology and efficiency to be improved Lack of professional investors,risk isolation and unreasonable bankruptcy sale.Then,based on the analysis of the existing experience of NPL securitization business at home and abroad,this paper puts forward some countermeasures and suggestions to optimize NPL securitization in China from the perspectives of government supervision and lawimprovement,market optimization and commercial bank operation: mainly including:improving the construction of laws and regulations and supporting systems;strengthening the role of government guidance,integrating and utilizing market resources;unreasonable arrangement Good asset pool;optimize the product structure of non-performing asset securitization;at the same time,pay attention to the optimization of the process details of asset-backed securities in the issue pricing,sales and follow-up management.Through these countermeasures and suggestions,we hope to provide some reference for the further promotion of non-performing asset securitization of commercial banks in China.