Research On The Optimization Strategy Of Non Performing Assets Securitization Transaction Structure In Our Country

In recent years,as China's economy get into the new normal,domestic economic in the process of industrial restructuring and economic upgrading.At the same time,Interest rate marketization and financial disintermediation are interfering banking,commercial banks operate under great pressure,the risk of non-performing loans is still in rapid exposure.According to the CBRC data,As of February 2016,the balance of non-performing loans in the banking sector has been more than 2 trillion yuan,with an increase of nearly 35%;non-performing loan rate of 2.08%,bid farewell to the "1" prefix.In stark contrast to the accelerated growth of non-performing assets,the current non-performing assets disposal methods have their own limitations and drawbacks,it is necessary to introduce a new model to be able to disposal of non-performing assets Massively.Learn from foreign experience,asset securitization,an innovative product in the disposal of non-performing assets has played a huge role.after many years of suspension,in the first quarter of 2016 I our country restart the non-performing asset securitization pilot.This paper considers "The first phase of asset securitization in 2016 of ZhongYU" as an example,through case analysis,combining qualitative and quantitative method,based on domestic and foreign asset securitization theory and practice,,from the perspective of the Selection of underlying assets?special purpose entity(SPV)processing,classification?and the introduction of credit and external services,this paper analysis the current situation and existing problems of China's non-performing asset securitization product structure design,and put forward the optimization strategies,in order to Promote the development of of China's commercial bank non-performing asset securitization market,especially the transaction structure design.