微小企业ABS信用风险评估：国际观察与中国路径

Small Business ABS Credit Risk Assessment:International Experience and China Path

近年来,在政府高度重视小微企业金融服务、提升和支持微小企业ABS发展的背景下,如何对微小企业ABS的信用风险进行合理和准确的评估,对于其市场发展具有重要意义。本文基于对微小企业ABS信用风险评估方法的国际观察,结合我国小微企业贷款的特点,从信用风险评估的方法选取、基础资产的信用评估和风险评估模型的参数设置三方面,对微小企业ABS信用风险评估进行中国化探索,并提出相应的展望与思考。

The government has attached considerable importance to improving financial services aimed at small and micro enterprises to financing,and the development of asset-backed securities has a key role in its efforts.Evaluating the credit risk of micro and small enterprises has been critical to the development of the ABS market.This paper looks at the international experience in credit risk assessment and examines the special features of financing for small and micro sized enterprises in China.It also comments on the prospects for ABS financing in China.