Research On The Resumption Of Non-performing Asset Securitization Of Commercial Banks In China

The emergence and accumulation of non-performing assets will not only lead to the rise in the operating risks of commercial banks and endanger the stability of China's financial system.In order to avoid risks,banks will also need to make provisions for the loss of non-performing loans and reduce their net profits.Its long-term development in the future will also affect its support for China's real economy.Asset securitization,as an important channel and method for dealing with non-performing assets of commercial banks,has developed internationally and has been introduced into the Chinese market.The initial stage of development of China's commercial banks' non-performing asset securitization business was from 2006 to 2008.However,since 2009,the non-performing asset securitization business of China's commercial banks began to stagnate.This is mainly due to the subprime mortgage crisis that occurred in the United States in 2008,making China “avoid” the new instrument of asset securitization.Until 2016,which continued to face a bad double-up situation,asset securitization was resumed to deal with non-performing assets of commercial banks.So far,the scope of three trials has been expanded.In the future,the securitization of non-performing assets will be promoted nationwide as a conventional means of dealing with non-performing assets of commercial banks.This article focuses on the resumption of non-performing asset securitization of commercial banks in China.First,introduce the basic theory of commercial banks' non-performing asset securitization.Then reviews the development process of commercial banks' non-performingasset securitization in mature and successful countries in the world,draws lessons from them,and then sort out the two-phase historical process of the non-performing asset securitization of commercial banks in China,and conduct a comparative analysis.At the same time,select the two orders after the restart to analyze the public and personal loan non-performing asset securitization projects.On this basis,the obstacles and challenges in the development process are summarized.After restarting the securitization of non-performing assets of commercial banks,unlike the previous model mainly dominated by asset management companies,commercial banks carry out non-performing asset securitization on their own and as the main force for carrying out this business.For banks,the securitization process has a long cycle and takes up a lot of human and material resources,resources and operating costs of the bank are high,but the bank can also earn benefits in the process.Therefore,in order to explore the effect of non-performing asset securitization on commercial banks,this article conducts a quantitative empirical analysis of commercial banks that carry out non-performing asset securitization business after restart.Finally,it proposes countermeasures and suggestions to promote the sound development of China's commercial banks' non-performing asset securitization.