The Study On The Liquidity Effect Of Asset Securitization To The Commercial Banks In China

China's asset securitization market has been restarted in 2012,the state of development has been relatively good and in capacity expansion.Credit asset-backed securities have show a normal trend,all kinds of innovative products continue to emerge in the market,the stock market scale has taken a great breakthrough,and liquidity on secondary market has also been significantly improved.Because asset securitization plays a prominent role in improving the existing stock of assets liquidity,optimize the efficiency of capital allocation,its position in China's financial market has become very important.Because in today's free capital financial environment,commercial banks are facing liquidity pressures that never had before,so commercial banks want to be able to effectively manage liquidity risk through asset securitization,increase bank liquidity.In this paper,to find out if the securitization of credit assets is generated a positive impact on the liquidity of commercial banks in China,and how to use the securitization of credit assets to increase liquidity effect,I analyze from two aspects of theory and empirical,and using the panel data of China's commercial banks,on the basis of theoretical analysis,do a empirical test on the impact of asset securitization on liquidity indicators of commercial banks,as well as the large state-owned banks and joint-stock banks are discussed.At the end of paper,I put forward some suggestionson on how to better carry out the asset securitization of commercial banks.