The Study Of Asset Securitisation To The Bad Property Of State-owned Commercial Banks

The asset securitization is the most important finance innovation in the international financial realm of 20 centuries, which means that the property which lack mobility, but can produce stable cash flow through some certain structure arrangement, carry on separating and reorganizing to the insurance and the income main factors of the property, then are converted to the portfolios that can be selled on the financial market. In our country the huge sum of bad property of the state-owned commercial bank has becoming the danger to the economic safety and the national economy to circulate normally. The dissolving of bad property has arrived the situation of the utmost urgency. Owning to the characteristics and advantages of the asset securitisation, it is a kind of new choice for the resolving of the bad property problem to our country bank. At the same time, it also is advantageous to the liquidity of the bank property, promote the steady management of the bank, further dissolve the financial risk, and make national economy keeping on the fast, steady development. On the foundation of overall analysis the basic principle of asset securitisation and the reason of the bad property of state-owned commercial bank in our country, with the help of the successful experience in western and flourishing market economy, the text puts forward to make use of the project of asset securitisation to solve this hard nut. The text tries to make use of the capital market to resolve the bad property of state-owned bank in our country, to the development of capital market in our country, open widely the margin and investment outlet and the resolving the problem of the bad property of state-owned bank, provides the beneficial quest. The full text is divided into five parts totally: The first part is an introduction. It introduces the purpose, back- ground and meanings of this text and the research of domestic and international, the creative places in overall thinking and the methods of study. The second part is the basic principle of the asset securitisation. The text first introduces the connotation, characteristic and purposes of the asset securitisation. Then introduces the creation and its developments of the asset securitisation. Finally, it turns to the analysis to the mechanism, incomes and risk of the asset securitisation. Among them, the analysis of asset securitization mechanism is a more important part, this text fully introduces the core contents of the principle of asset securitization —how to gather the property of asset securitization, how to carry on the reorganization of the cash flow and turn it to the investor, increasing the class through a pass process to guarantee the success. The third part is the general situation of bad property in our country, fully introduces the reason in our country to define, characteristic of the bad property, the bad loan scale and the distribution of four big state-owned banks. And the treatment method of the bank and government are adopted already. Through the analysis to the bad property in our country's bank, the text makes us understand the urgency and special of state-owned commercial bank in our country to carry on the asset securitisation. The four-part cent is to draw lessons from the foundation of the processing method that the foreign bank deals with bad loans, combines the basic principle of asset securitisation, passes to the analysis of the meaning and viability assessments that the our country practices asset securitisation, that put forward the project the state-owned commercial banks deal with bad loans. This part is the point of the full text. It mainly turn from the bargain structure and the legal right stock certificates to introduce the assets securitisation-- this valid method that solves the bad property in our country's bank overallly.The fifth part is the bit difficulty and the policy suggestion of asset securitisation of state-owned commercial bank in our country. In the first, the text introduces the government and the bank's aspects in asset securitisati...