A Research On The Efficiency And Breakthrough Of China's Asset Securitization

Originated from the supporting securities for housing mortgage in USA, asset securitization is called the most important financial innovation since 1970'.During more than 30 years' fast development, it has expanded into numerous investment fields and lots of countries in the world, now it is experienced as a vigorous development in financial market. Owing to highly developing country, china is in great demand of construction funds. The importation of asset securitization technology will certainly broaden present financial channels and solve the difficulties of fund shortage, which can also promote the efficiency of our capital market. But now in our country, there are still some system and condition restrictions in the market, furthermore, these factors can not be changed in short times, so the asset securitization in domestic market is not ripe at present. We can first develop the off-shore securitization and then develop domestic asset securitization when the system are perfected.