The Study of Chinese Commercial Banks’ Non-performing Assets Securitization
|Keywords||commercial bank non-performing asset securitization|
The main assets of commercial banks is their own credit assets, the risk of self-evident, so the inherent non-performing assets of commercial banks can not escape。Non-performing assets ratio of commercial banks is too high, not only directly affect the bank’s own operations, will threaten the security of the country’s financial system, affecting the economic and political stability. Since the 80s of the 20th century, Countries around the world in varying degrees by non-performing loans problems, financial crises and even the economic crisis, study its root causes are often non-performing assets at play. Therefore, governments have been looking for ways to resolve bad loans in order to ensure the quality of its banking assets.With the deepening of China’s banking system, followed by restructuring and listing of state-owned commercial banks, the state will not introduce policies on non-performing assets of state-owned commercial banks to conduct large-scale divestiture of non-performing assets of commercial banks to issue increasingly apparent.Asset securitization is a financial innovation business, after recent years of development, has to mature, in addition to the basic functions of financing, asset securitization in the disposal of bad loans, it also has a distinguished contribution.Through the securitization of bad assets to the selected package in the form of asset-backed securities sold to investors, investors bad assets packages the future of the proceeds from the disposal of bad loans to achieve.This paper summarizes the basic principles of non-performing asset securitization, and asset securitization characteristics and non-performing assets securitization process,analyze securitization practice of non-performing assets in developed countries and our practice of non-performing asset securitization products, the latest example "Jianyuan Asset Securitization Trust 2008-1 restructuring" And to summarize China’s current non-performing assets of commercial banks, securities mode successes and problems. to the view of the current non-performing asset securitization operation, give suggestions of a complete set of non-performing assets of commercial banks, China in the development of the business, legal, accounting, tax and other building systems to provide policy recommendations. In this paper, the theory of non-performing assets, securities analysis and the practice of analysis of actual cases of non-performing assets for the development of securitization provide the theoretical basis and the lessons learned.