The Analysis Of The Structure Of Assets Securitization And The Research Of The Measures To China

This thesis chooses brand new point of view, which studies the engineering and structure of ABS(assets backed securitization),which is the creative financial innovation, on the basis of the theory of financial engineering. Then we can draw a conclusion that the success and development of ABS is based on the technology of Financial Engineering, and the essence of ABS is put forward from this. That is the creative point of my article. The second part of the article analyzes the structure of ABS in detail, including all the parts involved and four fundamental principles which tie all parts together and put them running fluently. The purpose of this part is to highlight the importance of structural construction to ABS, even the whole financial market. That is the core part of the article. Hereinbefore the article focuses on the theory of ABS, so the third part I emphasis on the mature models in developed countries that open the new financial instrument. The purpose is finding what our country can learn from it. And then the article analyzes the general environment, from macro-analysis and micro-analysis these two points, of ABS carrying out in our market. This part includes the circus of our marketing economics and the financial system, the structure of the demander to ABS and the analysis of the attempting and breakthrough model in China, which are all the foundation of ABS enforcement in China. On one hand, it affirms the positive effect of the ABS structure, on the other hand, it points out that the general conditions has not become ripe. The last part of the thesis put forward the recommendation and solution to China ABS. First and the most is that we should emphasis on the structural construction of ABS, especially the SPV, that is the centre of the ABS,. There are preparations of other basic facilities : money market, capital market and subsidiary measures.