Research On The Effectiveness Of Non-Performing Assets Securitizationof Commercial Banks

Asset securitization originated in the United States, it is an important innovation in financial markets. In 2005, China opened the banking asset securitization business pilot.After the 2008 financial crisis, China re-regulate the market,launched a new round of asset securitization business wave in 2013. Among them,the non-performing assets securitization business also belongs to the emerging field, the market size is only small 4%, but from another point of view, the non-performing asset securitization market has great development space and innovation potential. The securitization of non-performing assets has an important role that can not be ignored in both financial market and participant. It can provide new investment and financing channels for the market; provide investors with diversified new products; for the transfer of the main transfer risk, enhance liquidity,improve profitability to create a good opportunity. This is also China's current strong expansion of non-performing assets securitization market motivation.This paper mainly studies the function and utility of securitization of commercial banks in financial market and participation, and puts forward some suggestions for improving the function of non-performing assets. Bank of China issued the "Zhongyu 2016 in the first phase of non-performing assets to support securities" (hereinafter referred to as "Zhong Yu 2016-1"), is the 2008 financial crisis after China's banking sector launched the first non-performing assets securitization products,With a strong representation. By studying the role of "Zhongyu 2016-1" on Chinese banks, investors and financial market, we can briefly summarize the effectiveness of securitization of banking assets and find problems and improve the problems,so as to promote the healthy development of securitization business.This paper first introduces the research background and significance of the securitization of non-performing assets, and summarizes and summarizes the perspectives of relevant scholars at home and abroad. Then, the author introduces the concept of non-performing assets securitization, introduces the development of China's securitous assets securitization, And analyzes the causes of China's issuance of bad assets to support securities. In the part of the text, this paper uses the method of combining theory with case study to analyze the implementation effect of the non-performing assets securitization in China's commercial banks, mainly from the implementation of the bad asset securitization and the effect of the two the study. Among them, the study of the effectiveness of the main commercial banks is the focus of this article, the effect analysis from the security, profitability, liquidity three interpretations. Finally, on the basis of the above analysis, this paper summarizes the cases and the areas that need to be improved,and puts forward some suggestions for the development of the non-performing assets securitization of commercial banks in China.