Research on Non-performing Assets Securitization of Our State-owned Commercial Banks
|School||Northeast Normal University|
|Keywords||State-owned commercial bank non-performing assets Asset Securitization|
The asset securitization is a kind of main financing innovation in the financial field. It is one of the most key and abiding financial instruments in the recent 30 years. The asset securitization means that through some arrangement, the property which is able to produce stable cash flow, carry on reorganizing to the insurance and the income of the property, then are converted to the portfolios circulated in the financial market to earn funds. The asset securitization exploits a new efficient method to settle the non-performing assets and gain the time for going to reconstruct the banks. It will acculate the development of financial market. Today the huge non-performing assets of the state-owned commercial bank has been a threat to the safety and the health of the our national economy. With the development of our commercial banks’s marketing strategy, dealing with the non-performing assets has got the situation of the ulmost urgency.We have obtained some achievement through the efforts in recent years, but the pressure is still great. The problem of using new method to handle the non-performing assets become the focus gradually. After having been introduced into China in 1990s, the asset securitization is thought to be an effective ways to solve the problems such as the Risk Management, the Capital Adequacy Rate and non-performing assets of commercial banks in China. The 2008 financial crisis of America makes us examine our practice of the asset securitization of commercial banks in China from a more rational prespective.Combining the methods of macro-analysis and micro-analysis, qualitative research and quantitative analysis, the paper researches how to promote the development of non-performing assets securitization of the stated-owned commercial bank systemically. It starts with the definition and theory of the asset securitization; discuss the profile and cause of the non-performing assets of the commercial banks; compare all the kinds of means that disolve non-performing assets at present in China, we gain the conclusion that Asset Securitization is an effective approach to solve non-performing assets. According to the obstacle to push non-performing assets, this paper uses the modern risk management theory and statistic cash flow yield(SCFY) to make the security design, which consists of asset pool design and security pricing design. Finally, it put forward the policy recommendations about non-performing assets securitization.