信贷资产证券化的市场发展问题探讨

On the Market Development of Credit Asset Securitization

信贷资产证券化是一种全新的金融创新产品,是我国市场经济发展的必然选择。文章研究了信贷资产证券化的发展历程,指出信贷资产证券化能够丰富资本市场产品,扩大资本市场规模,有利于增强资本流动性,提高整个经济体系的运行效率的特点,解决商业银行与资本市场的功能错位问题,分散、转移和对冲银行过度集中的风险,缓解、防范和化解银行可能面临的流动性压力的优点。

Inevitably chosen by the development of market economy, Credit Asset Securitizatlon is a brand new product in China. By researching the process of Credit Asset Securitization and its categories, this article argues that Credit Asset Securitization has two main functions. One is to enforce the capital fluidity and improve the operating efficiency of the whole economic system by enriching products and enlarging the scale of the Capital Market. The other is to solve the functional misplacement between the Business Bank and the Capital Market, a help to decentralize, divert and hedge the risks brought by excessive centralization of banks and to prevent, mitigate and settle the potential pressure of great fluidity for banks.