Research On Asset Securitization

Nowadays,the continuous integration of the economy has become a trend,and the financial technology has been continuously innovated and developed.In the continuous development and competition of the world economy,financial innovation and financial progress have been paid more and more attention by all governments,and also brought unprecedented challenges to the stable and healthy development of the world economy.Asset securitization,as a typical representative of financial innovation in various countries,has attracted the attention and attention of the whole world and has become an important problem in the field of international finance and capital market research.China's asset securitization business development,originated in the nineties of the 20 th century,with the subsequent two rounds of securitization pilot to promote,asset securitization as a new and efficient way of financing,and gradually mature in China's market development and market for our country Accept,but because of the short development time,there are many areas that need to be improved.This paper first introduces the theoretical basis of asset securitization,including the definition of asset securitization at home and abroad,the accounting confirmation method and the similarities and differences between the accounting treatment of asset securitization.By summarizing the advantages and disadvantages of the development of asset securitization in the United States,we can more directly avoid the similar obstacles in the development of asset securitization and avoid the adverse effects of the financial risks.And then lists the practice of China's asset securitization in the pilot phase of the case,a systematic exposition of China's asset securitization of the development status quo.On the basis of this,the paper draws out the case of securitization of the loan creditor's rights in China,and makes a research and analysis on the operation of the case.At the same time,it analyzes the financial risk of the creditor's rights case and puts the risk aversion mechanism,Hoping to pre-develop risk aversion measures,the possible risks to prevent and effectively circumvent.Finally,it puts forward some development prospects and suggestions on how to promote the securitization of asset securitization in our country.Through the analysis of cases,comparative analysis and literature analysis,the following conclusions are drawn:The accounting confirmation of asset securitization mainly adopts the follow-up method,which can meet the current market environment of our country with the combination of historical cost and fair value.In addition,auditing of participants should be strengthened in order to avoid the risk of fraud due to operational and financial problems of the participants.The development of asset securitization in China should continue to expand the scope of the selected assets to meet the direction of market development and strengthen the formulation of relevant laws and regulations so as to realize the effective supervision of the assets and securitization business of the government and related institutions.