Research On The Comparison And Selection Of The Basic Assets Of Non-performing Assets Securitization

Since 2013,the non-performing loan ratio and non-performing loan balance of commercial banks in China have continued to increase,and this upward trend has continued for at least 15 quarters.The continuous increase in non-performing assets not only led to an increase in the risk of commercial banking business,but also a decline in profit levels,which also affected the bank's support for the real economy and the stability of the Chinese financial system.Asset securitization as a means to resolve non-performing assets of banks in recent years has attracted many scholars have conducted extensive research on the theory or practice.At present,the research on the disposal of non-performing assets by domestic and foreign scholars on the method of non-performing asset securitization of commercial banks in China mainly focuses on the following aspects:analyzing and improving existing non-performing asset-backed securities through the feasibility analysis of securitization disposal of non-performing assets Products,research on the valuation and pricing techniques of non-performing asset-backed securities products.Less cutting from the perspective of basic assets,with different types of pooled assets as research objects,to study the applicability of different types of basic assets in the use of asset securitization methods.This paper takes the four types of basic assets of commercial banks' non-performing asset securitization as the research object.First of all,based on the basic attributes of basic assets,this paper uses the literature analysis method and comparative analysis method,combined with the theory of portfolio theory,asset securitization,and the law of large numbers to propose five basic assets comparison principles.Secondly,based on the five-item comparison principle,combined with the general methods of domestic and international rating agencies for the analysis of basic asset pools,the comparison characteristics of the comparison and selection principles are proposed,and a comparison and selection index system is constructed.Thirdly,based on the comparison and selection index system,the research and comparison of the four types of basic assets are carried out,and it is concluded that the credit card non-performing assets are relatively suitable for the assets disposed of by asset securitization.Finally,through the analysis of the characteristics of the "Jianxin 2018 third phase,asset pool,it is confirmed that the construction idea of "Jianxin 2018 third phase" asset pool is consistent with the comparison index requirements,and the asset pool characteristics are also related to the fourth part.The conclusions drawn are in line with the conclusions.The research value of this paper:firstly,the principle of comparison and selection of basic assets with theoretical support is proposed,which is applicable to all kinds of basic assets.Secondly,based on the principle of comparison and selection,and the rating agencies' basic analysis method of basic assets,this paper proposes a comparison and selection index system.By analyzing and comparing different types of basic assets,it is concluded that credit card non-performing assets are the most suitable non-performing assets to be disposed of through asset securitization,provided comparison recommendations for commercial bank managers.