中国离资产证券化还有多远——以住房抵押贷款证券化为例

How Far Away China Is From Assets Securitization -Taking Housing Mortgage loans Securitization as an Example

资产证券化作为一项很好的融资方式,在我国现阶段还不能解决国有银行的巨额坏账和国有企业的财务困境,最有实施可行性的就是解决银行的现金流问题。我国广泛开展资产证券化的环境尚不具备,可以先采取以点带面的形式开展。

As a good financing means, assets securitization has no way of solving large amount of bad debts of state-owned banks and financial dilemma of state-owned firms at present. It is most practical in solving the problem of cash flow of banks. There is no environment for extensive assets securitization in China, and a form of 'taking a spot for illustrating a face'.