Study On The Operational Effect Of Listed Banks’credit Asset Securitization In China

Our credit asset securitization pilot began in2005, National Development Bank and China Construction Bank published their first asset-backed securities products respectively. China has carried out two batches of pilot group of large state-owned banks, the second batch of joint-stock banks join, the amount of two groups of approximately20billion Yuan and600billion Yuan. However, for the impact of global financial crisis, China’s second batch is halted even before it run out. Until the end of May this year, the People’s Bank of China, the Ministry of Finance and the China Banking Regulatory Commission jointly issued the "Notice on matters related to further expand the pilot securitization of credit assets, asset securitization again restart marks the lapse of four years, the amount of the pilot is a total of50billion Yuan.The credit assets securitization restarts. It is particularly important to analyze and summarize previous pilot experience, and it will play a reference implementation of the securitization of credit assets. The main work of this paper is to study the effects of the operation of China’s listed banks in the securitization of credit assets securitization of credit assets in-depth analysis of China’s listed banks how the effects of the operation, as well as the effects of the operation of the bank credit asset securitization in the end how.Firstly, the article analyzes the basis of credit asset securitization on the listed bank, which introduce the basic conception of asset securitization based on history, definition and core principle, describe the risk of asset securitization on the basic asset risk and transaction risk asset securitization risks, analyze the listed bank credit assets securitization income based on the macro income and microeconomic gains. Based on the technology advancement, government and related agency administration, maximum the profit of sponsor, the paper Analyze credit asset securitization from multiple perspective.Then, the paper analyzes the current situation of credit asset securitization of and the operating effect of securitization of credit assets. It also statistically analyzes the scale, ratio of securitization and trading volume in secondary market according to the testing phrase situation of credit asset securitization of listed bank in china. Binding the theory with the actual situation with china, the paper discussed effect of implementing credit asset securitization of listed bank in china from multi perspective. The main effect of implementing credit asset securitization is improving asset quality, increasing liquidity, lower financing costs, improve profitability, and enhance the bank’s risk management capabilities, optimizing the capital structure.Finally, after the analysis of the effects of the operation of the securitization theoretically, the paper tests the actual effect of implementing credit asset securitization of China’s listed banks. Financial performance before and after the issuance of asset-backed securities by financial indicators analysis and factor analysis of the process of asset securitization pilot during the six listed banks in the composite score, the results show that the listed banks in the implementation of asset securitization can enhance the bank’s short-term financial performance a limited impact on the long-term financial performance, you cannot upgrade the bank’s long-term financial performance.