China's Commercial Banks Non-performing Assets Securitization Business Innovation Research

As a means of disposal of non-performing assets. Asset securitization has been widely used in our country. However, due to lack of practical experience. There must be some problems in the implementation process.In this paper, I will make a study of the practice of non-performing assets securitization in China. First, I elaborate the general principles of asset securitization,make sure that the readers have an initial understanding of securities.Originator of non-performing assets in its possession would make "true sale" to a special purpose vehicle (SPV).The so-called "real sale" refers to that. Even if the original involved in closure of the insolvency. The sale of the assets are not included in the scope of the liquidation,achieving a real sense of the balance-sheet securitization.Second, asset securitization has been widely used in foreign countries.Therefore, this article focus on a few selected countries whose asset securitization is widely used. These countries include the United States, Italy, Japan, Korea and other countries.It's easy to find that. These countries have some common characteristics.These successful experiences of asset securitization provide a good reference for our country.Finally, according to the actual situation in our country. By the project of Ningbo branch of ICBC, and according to analy non-performing assets securitization. I can see problems of Asset Securitization. And to make specific recommendations.In this paper. I make repeated analysis and demonstration in theory and practice. I believe that it can be helpful for the implementation of non-performing assets in China.