我国资产证券化存在的问题及对策

Problems in Assets Securitization in China and Countermeasures

资产证券化是目前世界上一种比较先进的融资模式。在我国资产证券化的初步实践中,存在诸如SPV主体法人资格、基础资产标准、资产真实出售、担保信用增级、会计处理、税收优惠、机构投资者准入等问题。要实现资产证券化在我国的健康、稳健发展,必须从完善法律、税收、会计、金融及监管制度等多方面着手解决以上问题。

Assets securitization is an advanced financing model.In the practice of China,there are problems such as the SPV qualification as main body legal person,the underlying assets standard,a true sale of assets,secured credit enhancement,accounting treatment,tax incentives,and institutional investor access and so on.To address these issues from the perspectives of law,tax,accounting,finance and supervision,we may prompt the healthy development of assets securitization.