Research On The Impact Of Credit Asset Securitization On The Liquidity Of China's Commercial Banks

In recent years,the internal and external environment faced by domestic commercial banks has become increasingly complex.Coupled with the slowdown in the growth of the national economy,the trend of interest rate liberalization has intensified,and commercial banks have been exposed to greater liquidity risks.In 2013,due to the lack of attention to liquidity risk control,China's commercial banks had two "money shortages".Since then,China's commercial banks have paid more and more attention to strengthening liquidity risk prevention and control.In order to avoid the strong impact of liquidity risk,China's commercial banks began to fully accelerate the securitization of credit assets.In essence,credit asset securitization is a way of revitalizing stock assets,which is conducive to promoting the rational allocation of resources and improving the level of asset management.At present,the research on the relationship between credit asset securitization and bank liquidity risk is not yet mature.How to rationally control and prevent liquidity risk through securitization,scientifically and effectively improve the asset operation level of commercial banks,and promote the stable development of commercial banks into commercial The bank focuses on the difficult issues.This paper uses case analysis,empirical analysis,and comparative analysis to explore the impact of credit asset securitization on liquidity risk.Firstly,it conducts an in-depth analysis of the related concepts,characteristics and classification of commercial banks'liquidity risk and credit assetization,as well as the mechanism and influence path of the two,laying a theoretical foundation for subsequent research.Secondly,taking Z Bank as the research object,taking the 2016-2 asset securitization products as an example to introduce the actual situation of Z Bank's asset securitization products,and focusing on the key indicators of the asset securitization products to Z Bank's liquidity-Analysis of the impact of loan-to-deposit ratio and liquidity ratio.Thirdly,the screening will help to reasonably assess the relevant indicators and data of commercial bank credit asset securitization and liquidity risk.Based on the collected quarterly data of Z Bank's assets from 2008 to 2017,set two explanatory variables:liquidity ratio.Variables and deposit-to-deposit ratio variables,and then introduce credit asset securitization as the main explanatory variable to form a primary panel data model to analyze in depth whether credit asset securitization will significantly affect Z Bank's asset liquidity risk.After empirical research,it is found that the business index data of credit asset securitization is just proportional to the ratio of asset liquidity,and it has an inverse relationship with the loan-to-deposit ratio data.Therefore,commercial banks should focus on revitalizing credit assets and promoting their securitization,and actively avoiding liquidity risks to bring huge impacts on bank operations.Finally,the paper draws inspiration from the case of Z Bank and proposes countermeasures and suggestions to promote the development of commercial bank asset securitization.Through case analysis,it is found that commercial banks should regard asset securitization as a new tool for liquidity management,expand the scale of asset securitization,and cautiously choose non-performing assets.Government departments should continue to expand the scope of asset securitization pilots,strengthen liquidity in the secondary market,promote the development of non-performing asset securitization,encourage the type of innovative asset securitization,and create favorable conditions for the development of commercial banks.It is hoped that through the research in this paper,it can provide guidance for further promoting the regularization and marketization of China's credit asset securitization business in the future,so as to achieve the purpose of improving the liquidity level of commercial banks and reducing liquidity risk.