Issues of Asset Securitization
|School||Capital University of Economics|
|Keywords||Asset Securitization Subprime crisis Enterprises Securitization Securitization of non-performing assets|
Asset securitization refers to the relatively low mobility but steady cash flow assets for certain structured design to make it independent , and its credit to support the process of issuance of securities . It acts as a financial innovation that originated in the 1970s in the United States , and thereafter on a global scale has been widely and rapid development, has now become an important means of financing . But in our country, asset securitization is still in its infancy, in actual operation still faces many problems, such as imperfect law , financial markets are not mature enough and so on. In the United States subprime mortgage crisis, we should seriously consider , to explore an appropriate Asset Securitization in China 's development. This paper first introduces the definition of asset securitization , and the general operation of the main processes, analysis of the relevant benefits and risk analysis . Then recalled the United States this subprime mortgage crisis, from the outbreak of the crisis to its evolution , summed up the reasons for the crisis , as well as screenings from mortgage crisis to China's revelation of asset securitization . Then discusses the development of asset securitization , explores corporate and banking asset securitization . Finally, for our present situation, pointed out in my development of asset securitization as well as some of the obstacles to make some suggestions , such as the development and improvement of relevant laws, establish a sound credit rating system, strengthen asset securitization disclosure and supervision . Through this article , hoping to the development of asset securitization have some effect .