Research On The Risk Control Of The Non-performing Assets Securitization Of ZH Bank

Non-performing asset securitization(hereinafter referred to as NPAS)is developing rapidly in recent years as a tool of financial innovation,which provides a new method for commercial banks to resolve a large number of non-performing assets.Under the premise of guaranteeing the high efficiency and low cost,NPAS can not only increase the liquidity of commercial banks,provide a new source of funds,and improve the capital structure of commercial banks,but also enhance the capital adequacy ratio of commercial banks,transform the financing method of commercial banks,and reduce the threat of NPAS to the operation safety.China's commercial banks developed the NPAS business officially in 2005,but with the outbreak of financial crisis in 2008,this business was stagnant.In recent years,with the coming of "new normal" of our economy and the continuous deepening of economy reform,commercial banks were generally faced the"twins" pressure from total non-performing assets and ratio.By the end of 2015,the total non-performing loans of commercial banks in China reached 1261.3 billion yuan,non-performing loan ratio stayed at a high level as well.Therefore,in late 2015,China's commercial banks restarted the NPAS pilot,which brought new development opportunity to the business that had been interrupted for 8 years.Although there are many advantages in the NPAS of commercial banks,there are also plenty of risks in the process which had been paid high attention to.As the sponsor,commercial bank plays an important role in this business.Commercial banks' preventive measures for possible risks are crucial to the success of whole business.For this reason,we should pay more attention to the risk control of commercial banks in the NPAS business.On May 26,2016,ZH bank officially issued the ZY non-performing asset-backed securities to the national inter-bank bond market,scale of securities issue was up to 301 million yuan.The paper takes this issue of non-performing asset-backed securities as the research object,to study the relevant risk control that ZH bank implemented in the business.This paper is divided into seven chapters.The first is the introduction,which introduces the research background and significance of this paper,the research status of asset securitization at home and abroad,the research ideas and methods,as well as the innovation of this paper.The second chapter is about the related concepts and basic theories.The concept of asset securitization,the participants and transaction structure of China's commercial banks non-performing assets and NPAS,the principle of asset securitization and the risk control principle are all described in detail.The third chapter introduces the situation of the NPAS business developed by ZH bank.There are detailed introduction for the participants and the transaction structure.On the basis of combing risk types of NPAS,the fourth chapter presents the measures of ZH bank risk control and the existing problems in it.If the fourth chapter is finding the question,the fifth chapter specifically puts forward measures to improve the risk control of ZH bank in NPAS business,in order to carry out this business successfully.The sixth chapter is the conclusion and prospect of this paper,which introduces the research conclusions,shortcomings and future research prospects.