资产证券化——中国金融市场未来的重头戏

The Future Impact of Asset Securitization in the Chinese Financial Market

资产支持证券于2005年开始了它在中国的首单发行。虽然发行量并不是很大,但这却是中国固定收益市场发展史上一个令人振奋的章节。在2009年,虽然其自身并无问题,资产支持证券在中国的发行受到全球金融风暴的波及而被无辜中断。2012年,资产支持证券在中国发行市场的重启也同样是中国固定收益市场发展史上的另一个令人振奋的节点。尽管挑战重重,在市场参与者和监管者的努力下,中国的资产支持证券发行市场的稳步增长应是众望所归的结果。

ABS's fledgling start in China since 2005 was an exciting chapter in the history of the Chinese fxed income market.While the ABS issuance in China suffered an innocent disruption in 2009,not by its own fault,the restarting of the ABS market in 2012 was equally exciting.While challenges abound,the market for ABS issuance in China can be expected to grow by the efforts of the market participants and regulators alike.