The Syudy On The Institution Optimization Of Non-performing Loans Securitization Of Commercial Bank In Our Country

Our country's economy is now in a critical period of the old and new kinetic energy transformation,on the macroeconomic control of the country,we has always been implementing the positive fiscal policy and prudent monetary policy,deepen structural reform,the supply side of the national economy sustained steady growth,obtained many achievements.But,we still have to see that in these achievements there are many risks and uncertainties,the economy is in a downward position,banking business management are faced with the challenge of contradictions superposition,difficult to meet the bank pressure,along with the uncertainty and risk is the commercial banks' non-performing loans continue to rise.By the end of 2016,China's commercial banks non-performing loan balance of 1.5122 trillion RMB,an increase of 237.8 billion RMB by the end of 2015,non-performing loan ratio of 1.74%,it was the first decline since the first quarter of 2012,but bad loans situation is still grim.As the main capital suppliers and investors in the economic system,commercial banks contribute to the stable operation of our economic system,but it also led to increased risk of credit assets and lower quality.In the new normal,commercial banks should also be based on the economic situation to make some innovation to adapt to the change of the situation,to play a more important role in the economic operation.In this context,China has begun to study the actuality and necessity of the securitization of non-performing loans to resolve the negative pressure.Although China has conducted a large-scale trial of bad loan securitization between 2003 and 2008,but our country's bad loan securitization business experience is still lacking,there are still many problems,especially institutional issues,it still needs to be fully studied.The "first phase",issued by the Bank of China,is the first securitization of non-performing loans since China started the securitization of bad loans in 2016,in the course of the release,it has done a good job in the selection of the participating institutions,the full disclosure of the information,etc.Therefore,study of the distribution situation,analyzes the effective measures taken by bank of China in implementing the securitization of bad loans,can be helpful for the smooth implementation of bad loan securitization in our country.This paper first analyzes the institutional arrangement of non-performing loans securitization,the main research of non-performing loans securitization accounting confirmation,credit rating,credit enhancement,deal structure and information disclosure.Then we study the advantages of bad loan securitization by commercial Banks in China and some institutional arrangements for the implementation of bad loan securitization in China,puts forward that there are institutional problems in the implementation of the bad loan securitization in China such as the intermediaries are not sufficiently standardized and the trading mechanism is inadequate and so on.Then analyzes the bad loan securitization experience in the United States and South Korea,learn something from it.Then take the "first phase" of the Bank of China as an example,it believes that it has rebooted conditions in the current situation of non-performing loans,laws and regulations,and the securitization of credit assets,study systematically of risk disclosure,transaction structure,basic asset selection,information disclosure and credit enhancement in its distribution process.Finally,the paper puts forward some suggestions on the optimization of bad loan securitization in China,provide train of thought for better use of non-performing loans securitization to defusing bad loans.