The Impact Of Credit Asset Securitization On Business Performance Of Commercial Banks

Since China's asset securitizations restart,they have developed rapidly.Among them,the bank credit asset securitization develops particularly rapidly.With the implementation of a series of policies of interest rate marketization,the operating condition of commercial banks is facing some big challenges.As the main source of income of the traditional bank business,to earn interest margin gradually losts its competitive advantages in the market,the bank must change the existing business model.To a certain extent,the asset securitization business can improve the bank's business performance,promote the bank to translate to a new business model effectively,so the study of credit asset securitization has an important significance to the performance of commercial banks.First of all,based on the theory of asset securitization and bank management principle,this paper combines the domestic and foreign researches to discuss the mechanism of bank credit asset securitization and describe the present status of bank credit asset securitization and commercial banks' s operating status briefly.Secondly,during January 2012 to December 2015,this paper chooses the biggest scale as a standard and construct the index system of the performance of commercial banks,according to predecessors' experience,we use factor analysis method to score operating performance of every listed commercial banks and draw a conclusion by comparing long and short comprehensive score.The results show that the long-term performance of listed commercial banks has improved in varying degrees,in terms of the short-term operating performance,some commercial banks' business performance are improved,while there are also a few commercial banks' operating performance decline.In general,the change of operating performance of joint-stock commercial banks is relatively large,while the change of operating performance of large state-owned commercial banks is very small.Finally,according to the existing problems and empirical results of the credit securitization of commercial banks in our country,this paper puts forward suggestions from three aspects of regulatory design,market participation and personnel training,aiming to promote the faster development of credit asset securitization and play the role of improving bank performance well.The innovation of this paper has two points: firstly,based on the previous theoretical analysis,we use empirical method to analysis the operating effects of China's commercial bank credit asset securitization;secondly,we attempt to quantify and compare the performance from long-term and short-term,which can help us understand of the effects of credit asset securitization of commercial banks on the operating status more intuitively.