A Research On Asset-Backed Securitization And It's Application In Bad Financial Asset Handling

Since Chinese four assets managements company were established,they started to face many challenges,especially"how to get back assets as much as possible and how to abate the handling cost as much as possible?","how to effectively handle the bad financial asset by diversified manners?".Asset-Backed Securitization is one of many effective methods to handling of bad financial asset by many assets management company in many foreign countries.At present,chinese financial assets management companies are exploiting in the field,however not get to success yet.Based on history study,statistic method and theory in combination with practices,this article first described the quo status and current development in handling of bad financial asset in China,and analyzad the problem happened during handling of bad financial asset.On basis of explaining relative theory and practice on asset-backed securitization and combining with successful experiences of foreign companies and latest development in China,this article tried to conclude the general rules on bad financial asset-backed securitization,and pointed out that China had its primary conditions ready on asset-backed securitization and it was practicable to further develop financial innovation and execute bad financial asset-backed securitization.In considering of our established assets management company's structure,it designed a practicable program to implement asset-backed securitization by assets management companies.In designing,it focused on transfer pricing of bad financial asset,and at same time it included problem,study and countermeasures on establishment of special purpose vehicle under bad financial asset-backed securitization situation.