Asset Securitization Motion Study

Asset securitization is the important achievement of the financial derivative innovation. And it is being an emerging financing method, which is in the main stream. Internationally speaking, Asset securitization has been transforming the allocation of world financial resources. Take the US for an example, the market share of Asset securitization has reached 1/3 of the total debt market.In China, the difficulty in raising funds has always been a significant obstacle to economy development. Asset securitization will facilitate the combination of direct finance and indirect finance, and the unity of finance, real estate and fundamental facilities, and also the harmonization of the management of micro entity assets and liabilities, the collection of industrial funds in the medium level and the efficiency of macro finance system.From the midterm of 1990's, asset securitization has been discussed widely in Chinese finance field. Up to now, the research focuses on the breach gap of it. It has developed from the operation model, and regards it as emphasis to solve the real problems. But the depth of theory is not enough. Facing the situation, this thesis will apply the west economics to the research of asset securitization. Then I will discuss how to develop asset securitization, and raise the view to make the internationalization as the breach gap and to lead the indigenization of it.