Financing Motivation And Effect Of Asset Securitization In China's Commercial Banks

As one of the most important financial innovation tools,since the reopening of asset securitization in China in 2012,the activities of commercial banks' participation in asset securitization have been paid much attention by all circles of society.More and more commercial banks are involved in the wave of asset securitization,and the scale of asset securitization has achieved rapid growth.It is of great significance to explore the motivation and impact of the securitization of commercial banks' assets,which is of great significance to the rational use of financial innovation tools and the healthy development of the banking industry.The paper analyzes the scale and development status of asset securitization in China's commercial banks from the beginning of asset securitization,including the types,rating,interest rate of assets in the pool of assets supported by commercial banks,as well as the circulation of securities in the market.This paper analyzes the motive and effect of the securitization of commercial banks,and expounds that commercial banks may bring new risks and problems to commercial banks by using asset securitization to improve liquidity,disperse risk and improve their operating conditions.This paper,based on the current situation of the development of asset securitization of commercial banks in China,fully draws on the experience of domestic and foreign supervision,focuses on the Financing Motivation and effect of the securitization of commercial banks in China,and uses the Tobit model to explore the motivation of bank asset securitization,and draws a conclusion that the decision of commercial bank asset securitization is based on the bad condition.The comprehensive decision of loan rate,performance,capital regulation and bank size.On this basis,the panel vector autoregressive model Pvar is used to study the effect of asset securitization.The results show that the degree of asset securitization has a significant impact on the above indicators,among which the ratio of non-performing loans and the ratio of cost and income are greatly affected.Based on the empirical analysis,this paper analyzes the problems existing in the development view of asset securitization,the market investors and the legal environment of China's commercial banks,and on this basis puts forward some pertinent suggestions on the supervision environment,the market trading system and the credit rating of the commercial banks in China.Because the research on the securitization of commercial banks is mostly focused on the theoretical level,there is little use of empirical data to draw conclusions.The research is limited by the acquisition of data and data,which can not be fully detailed,or even a lot of lack.However,the research of this paper has a certain reference value for the research of asset securitization and supervision legislation of commercial banks.