国有商业银行不良资产证券化初探

A Study of Securitization of Non-performing-loan of State-owned Commercial Banks

不良资产证券化是处置国有商业银行巨额不良资产的措施之一。本文首先介绍了当今国际上不同国家资产证券化的现状 ,接着分析了资产证券化的前提条件及国有商业银行开展不良资产证券化的必要性 ,然后探索了我国商业银行进行资产证券化的操作模式 ,最后对不良资产证券化过程中可能遇到的若干问题进行了讨论。本文对于指导国有商业银行进行不良资产证券化有一定的借鉴意义。

Non\|performing\|loan securitization is an attractive option for Chinese state\|owned commercial bank to deal with its large amount of impaired loan. This paper is a primer for policy analysts on the securitization of non\|performing\|loan. It outlines the development of non\|performing\|loan in the developed market and emerging market, describes the requirements for a successful non\|performing\|loan securitization, examines whether Chinese financial infrastructure presents any barriers to securitization, discusses the procedures and the issues surrounding the securitization of non\|performing\|loan, and analyses the potential public policy.