重启资产证券化:国际经验与我国实践
发布时间：2019-04-03 20:07
【摘要】：沉寂四年之后,我国资产证券化迈出实质性步伐,交易商协会的资产支持票据(ABN)和国家开发银行的信贷资产支持证券同时开闸,这是当前我国"稳增长、调结构、控风险"战略部署的具体实践,将进一步推动金融服务实体经济发展。我国债券市场的发展绕不开资产证券化,作为重要的金融创新,资产证券化的落地在我国利率市场化快速推进和《巴塞尔资本协议III》在国内商业银行全面实施的背景下具有重要意义。它有利于银行主动进行风险管理、破解资本约束难题、提高竞争力,以更好地服务实体经济发展。推动资产证券化,我国既不可因噎废食,也不可急躁冒进,既要借鉴国际经验,又要立足本国实际,在政府监管和行业自律的基础上,居安思危,完善各项法律和制度,在严控风险的同时发挥其市场功能。
[Abstract]:After four years of silence, China's asset securitization took substantial steps, and the Asset support Notes (ABN) of the Dealers' Association and the Credit Asset backed Securities of the China Development Bank (CDB) simultaneously opened the gate. This is the current "steady growth and adjustment of the structure of our country." The concrete practice of strategic deployment of risk control will further promote the development of financial services real economy. As an important financial innovation, the development of China's bond market can not avoid asset securitization. The development of asset securitization is of great significance under the background of the rapid promotion of interest rate marketization in China and the implementation of Basel Capital Accord (III) in domestic commercial banks in an all-round way. It is helpful for banks to actively carry out risk management, solve capital constraints and improve competitiveness, so as to better serve the development of real economy. To promote asset securitization, China should neither waste food due to choking nor rush forward. We should not only learn from international experience, but also base ourselves on the reality of our country, raise our vigilance on the basis of government supervision and industry self-discipline, and improve various laws and systems. In the strict control of risk while giving play to its market function.
【作者单位】： 特华博士后科研工作站;中央财经大学金融学院;
【分类号】：F832.51
[Abstract]:After four years of silence, China's asset securitization took substantial steps, and the Asset support Notes (ABN) of the Dealers' Association and the Credit Asset backed Securities of the China Development Bank (CDB) simultaneously opened the gate. This is the current "steady growth and adjustment of the structure of our country." The concrete practice of strategic deployment of risk control will further promote the development of financial services real economy. As an important financial innovation, the development of China's bond market can not avoid asset securitization. The development of asset securitization is of great significance under the background of the rapid promotion of interest rate marketization in China and the implementation of Basel Capital Accord (III) in domestic commercial banks in an all-round way. It is helpful for banks to actively carry out risk management, solve capital constraints and improve competitiveness, so as to better serve the development of real economy. To promote asset securitization, China should neither waste food due to choking nor rush forward. We should not only learn from international experience, but also base ourselves on the reality of our country, raise our vigilance on the basis of government supervision and industry self-discipline, and improve various laws and systems. In the strict control of risk while giving play to its market function.
【作者单位】： 特华博士后科研工作站;中央财经大学金融学院;
【分类号】：F832.51
【参考文献】
相关期刊论文 前4条
1 倪志凌;;动机扭曲和资产证券化的微观审慎监管——基于美国数据的实证研究[J];国际金融研究;2011年08期
2 王敏;;资产证券化市场的国际监管改革与未来发展[J];西南金融;2011年03期
3 胡燕;胡利琴;;资产证券化反思:宏观与微观视角[J];新金融;2012年04期
4 洪艳蓉;;重启资产证券化与我国的发展路径[J];证券市场导报;2011年09期
【共引文献】
相关期刊论文 前5条
1 龚攀;;资产证券化的信贷规模扩张效应及房地产价格泡沫研究[J];南方金融;2012年09期
2 龚攀;王兵;;金融创新对金融稳定的影响机制研究——基于资产证券化的微观金融视角[J];南方金融;2013年02期
3 郭桂霞;王勇;;不确定流动性需求与银行资产证券化最优规模[J];浙江社会科学;2012年07期
4 洪艳蓉;;重启资产证券化与我国的发展路径[J];证券市场导报;2011年09期
5 洪艳蓉;;重启资产证券化市场与金融监管——兼谈我国的制度改革[J];证券法苑;2012年01期
相关博士学位论文 前1条
1 李浩;资产价格、通货膨胀与货币政策反应[D];华东师范大学;2012年
相关硕士学位论文 前3条
1 迟{，
本文编号：2453527
本文链接：https://www.wllwen.com/guanlilunwen/huobilw/2453527.html
