Research On Credit Asset Securitization Of Commercial Banks In China

Credit asset securitization is regarded as the greatest financial innovation technology in the 20 th century.It originated from the United States in the 1970 s.As an effective financial instrument,it has developed rapidly since then.Securitization of credit assets of 2005,China's officially kicked off,due to the outbreak of the financial crisis in 2008,Chinese regulators for securitization of credit assets risk and prudent consideration,suspended the securitization of credit assets,the work of the pilot securitization of credit assets business until 2012,when China officially restart again.In recent years,China's commercial Banks increasingly complex business environment,the rapid development of the Internet financial,Basel ii,the advent of the regulatory authorities to improve the regulatory requirements,and the influence of such factors as commercial Banks in China on the management and development is facing great pressure.Our country commercial bank credit assets securitization development started relatively late,there are many problems in the process of development,hindered the development of our country commercial bank credit assets securitization,so the problem of our country commercial bank credit assets securitization research has important practical significance.Based on the basic theory of credit asset securitization,this paper analyzes the development status of credit asset securitization in China's commercial Banks.In recent years,our country commercial bank credit assets securitization development environment improved,but the development of commercial bank credit assets securitization still exist many problems in the process,the main performance in the credit asset securitization product pricing method is flawed,liquidity,legal framework related to imperfect,needs to improve tax policy,low level of credit rating agencies.Therefore this article selects nine commercial Banks in China as the research object,set the panel data regression model,using the empirical analysis of the securitization of credit of our country commercial bank liquidity,safety and profitability indicators indicators.This article in view of our country commercial bank credit assets securitization problems existing in the development process,put forward to promote the healthy development of our country commercial bank credit assets securitization countermeasures,this paper argues that to develop securitization of credit assets of commercial Banks should improve the credit asset securitization products in the process of pricing method;Improve market liquidity of credit asset securitization;Improving thebasic legal framework;Improving tax policies;Standardize credit rating operations and improve credit rating standards;Promote cross-border credit asset securitization,so as to promote the healthy development of China's commercial Banks credit asset securitization.