Study On Chinese Commercial Banks’ Consumption Loan Securitization

China can’t achieve sustained economic growth by the "investment- export" economic model after financial crisis in 2008. Currently, expanding domestic demand is becoming an important policy to change the pattern of economic development in china. The consumption is the most important path to expanding domestic demand, and economic will growth through increasing the consumption. The bank can promote growth of consumption by increasing consumer loans after the securitization of consumer loans, which the bank held before.The article analyzes the advantages and problems in the consumer loans securitized product of Ping An Bank, which is the first case of securitization of consumer loans in china. This project has some advantages, such as overall quality of the underlying assets, a reasonable transaction structure, variety of investors and so on, but there also are several problems, defective underlying assets, higher risk of prepayment, single rating mode affects the authenticity of rating results. We can use the following suggestions to solve these problems: the use of dynamic asset pool to reduce prepayment risk, establish a perfect personal credit evaluation system in order to improve the quality of consumer loans, use the dual rating model to rate for the securitization products, improve the legal system and establish regulatory coordination mechanism.