The Asset-Back Securitizations Research Of Chinese Stated Owned Commercial Banks

Asset-Backed securitions is one of the most essential tools of financial innovation in the international financial field in the twentieth centry. It's been running a few years in the western so it's a fll-blown production.Its special function offers it huge advantage in the international financial market and makes it being considered as the main direction of development in the international capital market. ABS is not only a trend of financial development but also a technique financial institutions especially commercial banks need process in competition.For the western academia, it has been formed into a comprehensive theoretical system and applied into reality,while in china,the ABS is only in its cradle and is still not fully analyzed and practiced in the real market. This paper discuss the mechanism of securitization in theoretical lay firstly, then diagnose the status and disposing way of non-performing loans(NPL) in our courtry, finally this paper will discuss the feasibility of securitization in disposing NPL by case study. Based on introduction of the theory in ABS, and by the case study of the domestic financial asset management corporation, this paper will discuss the operation of ABS which has been proved an effective way to improve the liquidity of asset, and herein some contributions to the management standard of financial asset will be expected.