The Study Of Commercial Bank's Credit Asset Securitization In China

As a new financing technique, asset securitization developed very fast after it had come out from U. S. A. in 1970s. Commercial Bank's credit asset securitization was one of the most important finance innovations in the domain of west commercial banks. International experience has shown that credit asset securitization not only can give great impetus to the development of commercial bank, but also can improve the development of capital markets and the national economy.At present, Commercial Bank's credit asset securitization overseas has developed comparative maturity. But in China, it has been fetched in only about ten years. On the condition of that the traditional financing and operational mode of China's commercial banks can no longer adapt to the tend of securitization of international financial market and the requirement of developing China's own financial and securities markets, China's commercial banks should take reference to and apply the finance innovation tool of credit asset securitization. This can amend the commercial banks' fluidity and drive the improvement of whole financial market.Based on an introduction of credit asset securitization's elements, common process and study actuality in China and overseas, this paper mainly analyses the problems of commercial banks and financial market of China and then introduces the credit asset securitization as a channel to solve these problems. In succession, the paper analyses credit asset securitization's risks and summarizes the conditions that can settle the risks. Finally, the paper gives some corresponding proposals.All four parts of this paper are interrelated. This paper discusses from easy to difficult and makes a generalized-to-specific analysis. It absorbs the experts' productions. At the same time, the paper emphasizes on such problems: The effects of credit asset securitization (structure efficiency, distribution efficiency and operation efficiency); It use finance engineering to discuss finance risks in credit asset securitization and their settlement; The conditions to settle the risks and if China has these conditions; The proposals to put the credit asset securitization into use.