中国信达资产管理股份有限公司不良资产证券化研究

发布时间：2018-05-15 17:34

本文选题：信达资产管理公司 + 资产证券化　；参考：《湖南大学》2013年硕士论文

【摘要】：资产证券化自20世纪70年代诞生以来，，在全世界发展十分迅速。资产证券化作为一种新的融资方式带来了信用体制的创新，打通了以银行等金融机构为信用中介的间接融资和以股票、债券为代表的直接融资的通道，资产证券化也能够改善特定资产流动性不足的问题，提高金融市场的资金配置效率。金融不良贷款是影响商业银行体系流动性和稳定性的重要因素，成为威胁国家金融安全和危害国民经济正常运行的重大隐患。为化解金融风险和解决金融不良资产问题，我国先后设立了四大国有资产管理公司，收购和处置国有商业银行政策性剥离的不良贷款，资产证券化是处置持续产生的不良资产的重要手段，能够有效提高资产的流动性和盈利性，化解不良资产风险。国际金融市场采取资产证券化的方式处置不良资产，取得了较好的效益。本文以中国信达资产管理股份有限公司为例，对不良资产证券化进行研究。本文对资产证券进行了概述，总结了国内外资产证券化发展历程，并基于中国信达资产管理股份有限公司的发展现状提出推行资产证券化业务十分必要，重点研究了信达资产管理公司不良资产证券化核心问题和方案设计，以信元2006-1重整资产证券化项目为案例进行了实证分析，认为中国信达资产管理股份有限公司不良资产证券化发展中存在法律和实施环境两方面的障碍，并针对不良资产证券化发展中的障碍提出了解决措施。本文通过对中国信达资产管理股份有限公司不良资产证券化进行探讨，为中国信达资产管理股份有限公司不良资产证券化的发展提供参考，提高不良资产处置的效率，加快公司商业化改革步伐，促进我国不良资产证券化的发展，这对于加强和改善我国国家宏观经济调控、促进金融业持续稳定发展具有着重要意义。
[Abstract]:Since its birth in 1970s, asset securitization has developed rapidly all over the world. As a new way of financing, asset securitization has brought about the innovation of the credit system, through the channel of indirect financing by banks and other financial institutions as a credit intermediary and direct financing represented by stocks and bonds, and the securitization of assets can also be changed. The problem of the lack of liquidity of specific assets to improve the efficiency of financial market capital allocation. The financial non-performing loan is an important factor affecting the liquidity and stability of the commercial bank system. It has become a major threat to the national financial security and the normal operation of the national economy. The country has set up four State-owned Assets Management Corporation to buy and deal with the non-performing loans of the state-owned commercial banks. The securitization of assets is an important means to deal with the persistent bad assets. It can effectively improve the liquidity and profitability of the assets and dissolve the risk of non-performing assets. The international financial market takes the securitization of assets. The treatment of bad assets has achieved good benefits.
This article takes the China Cinda Asset Management Corp as an example to study the securitization of non-performing assets. This paper summarizes the asset securities, summarizes the development course of asset securitization both at home and abroad, and puts forward the necessity of carrying out the Asset Securitization Based on the development status of the China Cinda Asset Management Corp. The XinDa Asset Management Co non-performing asset securitization core issues and the design of the scheme, taking the element 2006-1 asset securitization project as a case to carry out an empirical analysis, believe that there are two obstacles in the development of China Cinda Asset Management Corp non-performing assets securitization and the implementation of the environment, and against the bad assets. The obstacles in the development of securitisation put forward solutions.
By discussing the securitization of non-performing assets of the China Cinda Asset Management Corp, this paper provides a reference for the development of the securitization of non-performing assets of the China Cinda Asset Management Corp, improves the efficiency of the disposal of non-performing assets, speeds up the pace of the reform of the commercialization of the company, and promotes the development of the securitization of non-performing assets in China. It is of great significance to strengthen and improve China's macroeconomic regulation and control, and promote sustained and stable development of the financial industry.

【学位授予单位】：湖南大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F832.39

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