A Research On The Asset Securitization And Its Application In China

Assets securitisation mean lack , mobility have assets that cash incomes shed to collect in the future, through the structural reorganization , change it into the securities that can be sold and circulated on the financial market, in order to the course of circulating necessary funds. Assets securitisation originate from the end of the seventies of the 20th century U.S.A. house mortgage loan certificate MBS. But securitisation technology widely used in to mortgage the securitisation field of the assets mortgage bond at present, and has issued the variety of securitisation of relying mainly on the fact that the assets support bond ABS. Reform and opening-up over the past 20 years, the economic strength of our country is strengthened rapidly, while our country's economy grows at top speed, the contradiction of the fund demand deficiency in great demand of the fund is conspicuous day by day. Today of global economic integration, the economy of our country is in line with international standards rapidly, especially our country joins WTO, how to spend the western developed country already reaching maturity this year, and to our really brand-new financial instruments --Assets securitisation is it raise fund in order to shorten our country and disparity issue of western developed country with higher speed for national economic construction to come, really put it in front of us. This text use game theory analyse of our country commercial bank historical reason foundation that non-performing assets produce, have put forward the plan of design of implementing the securitisation at the present stage in our country, design home mortgage implementation model of securitisation according to Shanghai home mortgage current situation of Construction Bank; It is at the same time through to in collect by group it last enterprise account receivable case analysis of the securitisations at foundation, have proposed that can implement the securitisation view in large-scale international known enterprises of our country.