| As the most important financial instrument in the world financial industry in the past 30 years,the development of asset securitization has gradually become more stable.Although China’s asset securitization development started relatively late,it has achieved certain results and progress after the country’s strong support and pilot work in recent years.Commercial banks are the most important financial institutions in China’s financial market,and the indicator of liquidity is particularly important for commercial banks.It is an important basis for the survival and development of commercial banks.Whenever a commercial bank is under the crisis of liquidity risk,it may face a business crisis and affect the bank’s credit.This risk crisis caused by the lack of liquidity will spread rapidly within the financial industry,and the entire financial system will suffer a lot.The emergence of asset securitization has solved the crisis of commercial banks.Through the operation of asset securitization,commercial banks have improved their liquidity,reduced the non-performing loan ratio,transferred asset risks and improved profitability.This paper mainly studies the impact of asset securitization on the liquidity of commercial banks.Firstly,from the theory of asset securitization,it elaborates the principle mechanism of asset securitization and expounds the domestic development status in combination with the market.Secondly,from the perspective of internal and external reasons,the key factors affecting the liquidity of commercial banks are discussed.Then from the theoretical point of view,the paper analyzes the impact of asset securitization on the liquidity of commercial banks in detail,then selects the data of listed commercial banks in China in recent years,analyzes the effect of asset securitization on the liquidity of commercial banks in China,and confirms the effect of this paper.Theoretical analysis,it is concluded that asset securitization is conducive to improving the asset and liability management of commercial banks and improving liquidity.Finally,combined with theoretical analysis and the opportunities and challenges of the current market,the recommendations of this paper are given. |
