Feasible Discussion Of The Automobile Consumption Credit Asset-backed Securitization In China

Main contentThe assets securitization has been praised highly by the international capital market since producing as a kind of new innovative tool of finance. For handling the non-performing loan changing our country's once poor efficiency, the assets securitization was an effective method too.This text, in order to promote the completion and setting-up of relevant system regulations of the financial market of our country as the goal, design the procedure of the consumptive credit securitization of auto to the current situation of our country, it is system of promoting the assets securitization, environmental construction, put forward relevant suggestions. The concrete structure herein is as follows:Part one having introduced the pillar function on the economy of our country of automobile industry at first, and auto consumptive credit facilitation to it, have described the auto meaning in our country's economic development, financial institution, financial market and investor of consumptive credit securitization on this basis,I think the consumptive credit securitization of auto can relieve the fund pressure of the auto of our country with unit financial service, disperse the risk, offer more diversified investment choices to investor, promote the improvement of the financing environment, can promote the development of consumptive credit of auto at the same time.Part two Make a concrete analysis of the basic assets which are regarded as the consumptive credit securitization of auto --the current situation of the development of the consumptive credit of auto, and construct the condition of the basic assets pool.Part three make a concrete analysis of the restrictions of a great deal of factors still received in development of the consumptive credit securitization of auto, but has launched the consumptive credit securitization of auto and possessed certain primary condition, the principle that we can follow practice and go ahead of the rest, move forward stage by stage, can choose the more high-quality auto consumptive credit at the present stage, implement the consumptive credit securitization of auto on a small scale, so as to promote the development of consumptive credit of auto effectively.Part four Combine the current situation of our country, has done the comparatively deep discussion to the procedure of the auto consumptive credit securitization of the present stage of our country, having proposed relevant designs, it can be helpful to hope to the consumptive credit securitization of auto of our country.Main standpoint and contributionThe assets securitization products in our country on at present rely mainly are on the fact that the home mortgage-backed securitizationhave not autory on the consumptive credit securitization of auto. This text, through analyzing to the current situation of our country, combine the actual conditions in the present stage of our country, have done the comparatively deep argumentation in the countermeasure of the securitization and procedure of securitization of our country in promoting the consumptive credit of auto.Here in another innovate, lie in on the basis that forefathers described facilitation to financial market of the securitization mainly, through comparing and analyzing the similarities and differences of auto consumptive credit securitization and securitization of the home mortgage,combining the reality of our country, comparatively deep argumentation auto consumptive credit securitization facilitation to our country's economic and financial development.ShortageFirst of all, as to the assets securitization environment of our country, assurance of the system current situation, and analyze that is restricted by author's one's own level about the assets securitization environment of our country, reason of the system existing problem, it is insufficient to exist a lot.Secondly, this text is limited to the question of the data has not used models to examine the real example, as regards angle of statistics, the convincingness of the conclusion is not strong enough. Moreover, I can not make concrete description and verification to the pricing of the auto consumptive credit securitization products of our country and concrete revision of relevant laws and regulations.Finally, also seem more superficial about promoting the research in respects such as the assets securitization environment of our country, institutional improvement,etc..