Research On The Impact Of Credit Assets Securitization Of ICBC On Its Liquidity

In recent years,China's economic development has entered a "new normal",the economic growth has slowed down,and with the advancement of interest rate liberalization and the emergence of the phenomenon of "financial disintermediation",the challenges faced by China's commercial banks have become more severe.In order to better promote the development of banks,China restarted its credit asset securitization business in 2012 and fully promoted the use of this financial instrument,in essence,asset securitization can alleviate the pressure of bank liquidity to a certain extent and improve the level of asset management.However,the outbreak of the 2008 subprime mortgage crisis clearly demonstrated that the improper use of asset securitization will cause financial institutions to accumulate liquidity risks.In the face of the "double-edged sword" nature of the impact of credit asset securitization on liquidity,fully understanding the positive and negative effects of the impact of this financial instrument on liquidity is of great significance to the current liquidity risk management of commercial banks and the development of credit asset securitization business.For ICBC,faced with these changes in the macro background,the pressure on liquidity is also increasing.Liquidity risk is one of the main risks of financial risk.ICBC must strengthen its management of liquidity risk.And with the rapid increase in the scale of ICBC's credit asset securitization business in recent years,it is necessary to pay attention to the impact of this business on ICBC's liquidity,and then promote ICBC to achieve better liquidity risk management.This article uses a combination of case analysis and empirical analysis to analyze the impact of credit asset securitization on liquidity.Firstly,by introducing the development history of ICBC's credit asset securitization,it analyzes the vertical comparison of ICBC's restart of credit asset securitization,and introduces the issuance structure of asset securitization in conjunction with ICBC's specific securitization products.Secondly,by analyzing the liquidity risk characteristics of ICBC,the author explores the liquidity creation mechanism of asset securitization and its impact on ICBC,and analyzes the impact of the degree of implementation of credit asset securitization on ICBC liquidity with data;Thirdly,through the impact of the degree of credit assetsecuritization on ICBC's liquidity indicators,a preliminary conclusion is drawn.Then based on the above research and the specific data of ICBC,we explored the impact of credit asset securitization on ICBC liquidity from an empirical perspective;Finally,summarized the research conclusions of ICBC credit asset securitization on its liquidity And put forward suggestions on how to promote asset securitization to better play its role and promote the further development of the securitization market.