试析资产证券化在我国的应用取向

Discussion on Application Tendency of Securitization in China

从投资者的角度出发 ,资产证券化为投资者提供了一种优良的投资品种 :资产支持证券 ,在投资者和融资者之间建立了一种新的资金融通渠道。开展资产证券化业务 ,必须遵循严谨的运作规范 ,如破产隔离、真实销售等。金融资产证券化具有广泛发展前景 ,但不良资产资产证券化 ,在我国当前的市场环境下 ,不宜规模化展开。

From the perspective of investors, securitization of assets acts as a good investment instrument: assets are based on securities, which helps to form a new financing source between investors and those who are in need of funds. When securitization is carried out, well-defined operational regulations should be followed, such as bankruptcy separation and true sales. Bright future reflects on the securitization of financial assets, however, it is not appropriate to carry out the securitization of problem assets on a large scale under the present Chinese market conditions.