The Research Of Financial Effect Of Credit Asset Securitization On Listed Commercial Banks In China

With the continuous development of the economy,commercial banks have higher requirements for their own operational management.As a kind of innovative financial instrument,asset securitization is an innovative instrument to revitalize bank stock capital and decentralized bank credit risk,it' s also one of the important measures to promote the stable operation of commercial banks,which has received increasing attention.In recent years,favorable policies have been frequently made,and credit asset securitization has restarted after a period of suspension in China for several years,and has entered a relatively stable development track.This paper first introduces the research background and significance of credit asset securitization,and then reviews the literature on the impact of credit asset securitization on the financial effects of commercial banks at home and abroad.From the micro perspective,three hypotheses were put up through the analysis of effects of CAS on six financial indicators of rate—CRAR,NPLR,LR,LTDR,ROE and EPS.The panel data model is established to conduct multiple regression empirical research.The research proves that CAS rate has is positively related to the safety,liquidity and profitability of commercial banks.From the microscopic point of view of financial effects,this paper deeply analyzes the impact of CAS on Chinese commercial banks,and provides some theoretical references for commercial banks to promote the healthy development of CAS.