The Research On The Asset Securitization’s Development Strategy Of China’s Commercial Banks

Recent years, china’s securitization market has been developed rapidly. With the impetus of the filing system and the expansion of pilot program, the issuing scale of asset securitization showing growth spurt. As one of the most dynamic financial innovation products, asset securitization can make an inventory of capital and transfer risks, so it’s necessary for commercial banks to promote asset securitization vigorously. This paper attempts to analyze the operation mechanism of securitization,and take American subprime lending crisis as lessons, and explore the problems of China’s securitization, and combine with current economic environment as well as give suggestions for securitization development.The overall idea of this paper is as following: First, to start with the background and practical significance of this topic,and to review related research results of securitization both at home and abroad,and to introduce research methods of this paper systematically, and to point out the innovations and shortcomings of this paper.The second part is going to define the asset securitization, and introduce its basic principle,and analyse the operation process of asset securitization.The third part is about securitization’s impact on commercial banks. This part introduce the short history of China’s securitization and analyse its current situation.In short, commercial banks’ securitization can improve the efficiency of capital, and help relieve pressure of capital adequacy, and make an inventory of capital and transfer risks.The fouth part is going to introduce the history of American securitization,and analyse the reasons of American subprime lending crisis. And the enlightenment is to understand the characteristics of financial innovation products, to guard a pass to thequality and risk of underlying assets, and to strengthen financial supervision to securitization.The fifth part is going to give suggestions for securitization development. And its strategy recommendation is to improve operation mechanism of securitization, to develop China’s securitization market, to improve the competitiveness of commercial banks, to combine external supervision with internal risk management, to create a healthy financial market and macroeconomic environment, and to improve relative institutional environment.