Risk Measurement And Control Research On China's Non-performing Asset Securitization

The problem of non-performing asset is blocking the development of the commercial banks of China, which is becoming the bottle neck of the commercial banks especially the four state-owned banks. The government made some efforts but the result is not so good. However, the success of foreign banks in asset securitization guide a new way to the disposal of non-performing asset for commercial banks of China.China introduced the asset securitization firstly in 1996 and made it a solution when dealing with the non-performing asset. But for this is still an exploratory practice, we have no practical experience on it. Moreover, there is no effective law, credit ratings, accounting and tax systems to support the operations of the tool, making the risk very high, which blocked the solving of non-performing asset issue.To the current situation, this paper investigated the risk measurement and control of China's non-performing asset securitization based on the study of domestic and international thesis, research on the real situation of market, selection and comparison of the measurement model and the analysis of data, together with the combination of theory and realism, qualitative and quantitative analysis.Firstly, this paper scientifically divided the risk of non-performing asset securitization in system, so at to identify the risk of the mode with the qualitative analysis. Then, it measured the influence rate of all kinds of asset securitization risk. Finally, it came out some conclusion on the risk control, base on the result of the analysis. Meanwhile, this paper especially investigated the cases of asset securitization of foreign banks and the credit crisis of global finance market, giving some valuable advice to the risk control of China' non-performing asset securitization.