美国次贷危机对我国资产证券化路径的影响分析

Influence to China's Asset Securitization Path Which Caused by U.S.Subprime Mortgage Crisis

随着2007年美国爆发的次贷危机不断深入,次贷危机已经升级为全球范围内的一场金融海啸。这场危机原本只是发端于美国的住房信贷市场,但其影响和范围却借助了资产证券化产品,辐射到全世界。资产证券化成为了产生蝴蝶效应的传导器和助推机。同时次贷危机已对我国资本市场和实体经济都产生了巨大的冲击,更对我国不断探索和推进的资产证券化进程产生了一定的影响。可以说次贷危机短期内必定会对我国的资产证券化形成一定的滞缓因素,但是,危机同时也对我国资产证券化进程带来积极的影响,从经验上、制度环境上以及人才引进上都是很大的推动因素。因此,我们不能因噎废食,更要积极抓住历史机遇,推动我国资产证券化进程的健康发展。

With the outbreak of the 2007 American subprime crisis, the subprime crisis has been upgraded to a worldwide financial storm. The crisis originated from America＇ s housing credit market, but its influence had spreader to the world. By the aid of asset securitization products, asset securitization has become the thrusting machine of the butterfly effect. Meanwhile the subprime crisis had a huge impact to China＇ s capital markets and real economy, and even larger impact to our asset securitization path. The subprime crisis will stop the process of our asset securitization in the short-term, but in the long-term, it will be more positive influence from the experience, systems, environment and talent attraction. We should overcome the fear and catch historic opportunity to promote the smooth development of our country＇ s asset securitization.