Research On The Difficulties And Countermeasures Of Asset Securitization Of Industrial And Commercial Bank Of China Inner Mongolia Branch

As one of the greatest financial innovation products in twenty-first Century, asset securitization plays an important role in the prosperity of financial markets, expanding consumer spending and promoting economic structure transformation. In 1970s, asset securitization began to develop rapidly in the United States, Europe and the other place of world. China started commercial banks’ asset securitization business in 2005, which was stopped 4 times. In 2014, the asset securitization business began booming, the pilot scale increased significantly, the securities laws and regulations is more perfect, the management level is improved, but there are still many problems, such as the small size of the asset securitization, the development of endogenous power shortage and so on. Industrial and Commercial Bank of China (ICBC) began to develop asset securitization business from 2005. After almost 10 years development, the scale gradually expanded, but the proportion which asset securitization in the total assets management business is still too small, and the branch of ICBC don’t want to expand this business for many reasons. Specific to the Industrial and Commercial Bank of China Inner Mongolia branch(Inner Mongolia branch), credit asset securitization business has just started, enterprise asset securitization business is still in the exploratory stage, people’s attitude is passive, paid so little attention to expend this business that the scale of asset securitization is still small and developed slowly. Inner Mongolia is located in the north part of china, with rich mineral resources of coal, natural gas, rare earth and so on, where infrastructure construction in the rising period. Although facing the current economic development lag, Inner Mongolia’s prospect is bright and the asset securitization business opportunities will be abundant. How to seize the opportunity to conform to the trend and expend asset securitization business to a new development is has to be faced. We make recommendations to start asset securitization business from the highway, railway and other infrastructure securitization, credit assets securitization.