| This paper has analyzed the practice of asset securitization of the mature marketslike U.S. and Europe, in order to borrow from their advanced experience and matureways of handling, and then raised out an integrate designing idea about the tradingstructure of asset securitization of our nation. Based on this idea, and in considerationof the present status of our nation, it has provided some advices for the development ofasset securitization, in order to solve the problems we are facing.The article is divided into 7 parts including the abstract:The 2nd part introduces the concept and main products of asset securitization.The 3rd part explains the practice and the general market situation in regards ofasset securitization of the main foreign markets; in order to learn about and analyze theadvanced experience and mature way of handling of these developed markets.The 4th part works on the designs in theory about the trading market structure,from different aspects such as risk separation, credit up grading, credit valuation,outside environment, and product designing.The 5th part introduces the development history of asset securitization of ournation, and points out the problems we are facing.The 6th part provides advices about the development of asset securitization of ournation.The 7th part are some cases of asset securitization from the China DevelopmentBank, in order to verify the views of this article. |
