The Research Of Zhengzhou Bank Credit Asset Securitization

Asset securitization is the process of transforming the low liquidity assets into the standard securities which can be widely circulated in the capital market through risk isolation and structural design.As a financial innovation,from the beginning has been the world’s attention.Since 2005,China began to carry out asset securitization business in ten years.But the originators are mainly concentrated in Beijing,Shanghaiand the eastern coastal economically developedareas.For Henan Province,the field can be said to be a short board in Henan’s financial sector.Until 2016,the Zhengzhou Bank Limited by Share Ltd as the original Rights Commission issued “Ding Xin in 2016 the first phase of asset-backed securities”,it changed the blank of asset securitization business in Henan province.Based on the basic theory of asset securitization,this paper studies the credit asset backed securities issued by Bank of Zhengzhou as the original owner.Using the quantitative analysis method,in-depth study on the basic situation of the Bank of Zhengzhou and the issuance of securities of various grades of securities elements,the Bank of Zhengzhou to carry out credit asset securitization business is necessary,can improve the Zhengzhou bank assets,revitalize the stock of loans,improve liquidity,capital adequacy,improve risk management.By using comparative analysis method,the choice of Beijing Bank commissioned the issuance of “Jingyuan in 2014 the first phase of asset-backed securities” and Guiyang Bank commissioned the issuance of “Shuangyuan in 2016 the first phase of asset-backed securities ” for comparison,respectively,detailed comparative analysis from the basic asset types,size,duration,interest rate,etc.,thus the Zhengzhou bank issue the securities are small in scale,high issue rate,the borrower problem of industry concentration,obvious periodicity etc..In view of the problems existing in the products issued by the Zhengzhou bank,the paper puts forward some suggestions for choose the timing issue,launch a credit asset backed securities business has put forward the matching rate type,increase asset type,rich business product structure,increase the issue size,try the "dynamic pool" and cater to the new trend of the development of policy,and carefully select the type of assets,strict screening borrowers,risk management,consolidate the perfect information disclosure.