Research On Credit Assets Securitization Of The State-owned Commercial Banks

With the deepening of the reform of financial regime, the speeding up of the process of China's entry into WTO and the corresponding arrival of competition among commercial banks between China and other countries. It has become the urgent task of china's financial theory circle to explore and build effective approach to solve the problem of "Three Characters", particularly the liquidity problem and to reference and introduce some new asset managerial style and managerial ideology. At the same time, it demands state-owned commercial banks to reform and innovate boldly their assets managerial action including managerial style, content and object while some issues like widening the channel of raising money have got increasingly important .The research is based on this background above. This thesis attempts to give on operational thread fitting to the state-owned commercial banks with some practicable suggestions in accordance with difficulties and barriers existing in securitization through the introduction of the securitization theory and the analysis of the possibility and the current conditions of China's implementation.This thesis consists of six parts:Part one: Introduction. It shows the background, aim and significance of the study, states the related academic dynamic as well as research thread and methods. In short, It is the basically preparatory work of the whole research.Part two: The basic theory of the assets securitization. This section firstly points out the definition of securitization and its theoretical bases. Then depicts the mechanism of securitization, this section also demonstrates some key technical processes during securitization at last.Part three: Experience and Reference from abroad. This section refines something profitable to our securitization from the respective demonstration of experience of the USA. Japan and HKSAR of PRC.Part four: Practicability analysis on assets securitization of state-owned commercial banks.This section demonstrates firstly the necessity of commercial banks' implementation of assets securitization from two aspects, i.e securitization is not only the necessary choice of commercial banks' development, but also the objective demand of the current economy situation. Following this, It gives an analysis on possibility of assets securitization from several aspects ranged from microenvironment and market system to effectiveness of market demand.Part five: Project of assets securitization of state-owned commercial banks. Based on securitization's inner demand and the reality of the assets of commercial banks, this section analyses the selection of aim-assets while securitying, then lays out various securitization model accord to different assets. After that, some specific processes are respectively laid out to supply operation guide for securitization.Part six: Some barriers and countermeasures during securitization. This section posed the policy suggestions on clearing difficulties and prompting securitization standing at the angle which combines the demand and the possibility after illustrating the three major barriers including market drawback, institutional drawback and environmental limit during securitization.