A Study On The Non Performing Assets Securitization By Commercial Banks And Its Application In China

The problem of non-performing bank assets has become the international problem nowadays. The large amount of non-performing assets of financial institutions was one of the important reasons that directly cause the Financial Crisis in Asia.Asset securitization is one of the great financial innovations in recent decades. It is regarded as one of effective ways in settling the problem of non performing assets owing to the fact that it can improve bank mobility and profitability of assets by taking the credit assets outside the balance sheet. Non-performing asset securitization has made some good results in some countries in the world.This problem of huge amount of NPLs also exists in China at present during the process of its economic reform, which not only obstructs the promotion and development of our economic system reform, but also becomes a great hidden trouble in China's financial system.Even though China's financial market is still imperfect, and the disposing of NPLs through the capital market is quite limited. It is still workable to explore the way of disposing NPLs through the use of Non Performing Assets Securitization (NPAS) techniques. That's why the author chooses this title of A Study on the Non Performing Assets Securitization byCommercial Banks and Its Application in China for this thesis.This paper is divided into four chapters.Chapter 1 is the preface of this paper, which briefly reviews relevant literatures of NPAS research in China and sets the background for this research. Besides, this part gives a brief...