资产证券化趋势与我们的选择

Asset Securitization and Our Choices

资产证券化是近 30年来金融领域的重大创新之一。由于其具有创新的融资结构和高效的载体 ,满足了各类融资者和投资者不断变化的需求 ,从而成为当今世界各国资本市场发展最快、最具活力的金融产品。资产证券化产生的动因是活化抵押贷款二级市场 ,随创新的深化 ,人们将其发展成为沟通传统的直接融资和间接融资的一个有效通道。资产证券化起源于美国 ,现在已形成一种资本市场创新趋势。改革开放以来 ,持续快速发展的中国经济对资本一直有着旺盛的需求 ,因此 ,目前在我国推行证券化融资工具正当其时。

Asset securitization, as one of the most important innovations in financial fields for recently 30 years, is characterized by its brand new financing structure and high effective carrier to meet the needs from various financing groups and investors; hence, it has become the rapidly developed money product in capital markets all around the world. Asset securitization originates from revivifying the secondary markets of mortgage and with a deeper innovation, people regard it as an effective channel to bridge traditional direct financing and indirect one. It came from the U. S. and has formed a trend in capital markets. Since the reform and opened up, rapidly developing China is longing for capitals, thus this is the time to carry out devices of asset securitization in our country.