商业银行不良资产证券化在我国的发展与创新

【作者】 王晓明；

【导师】 姜学军；

【作者基本信息】 东北财经大学 ， 金融学， 2005， 硕士

【摘要】 我国商业银行不良资产比重高,数额大,蕴含着潜在的金融风险,严重阻碍了我国银行业的发展和国民经济的运行。经过近几年的处置,我国已经取得了一定的成绩,但是压力仍然较大,采用新的创新方法处置不良资产问题日益受到关注。资产证券化是近三十年来国际金融市场中重要的创新业务,并被应用到不良资产的处置方面,国外这方面的理论已经逐渐成熟和完善,在实践中也取得了较好的效果,我国已经开始尝试采用证券化的方式来解决国内银行业不良资产问题,并取得了一定的进展。本文主要对不良资产证券化在我国发展的过程进行分析和小结,并结合我国的现实情况,对不良资产证券化在国内的创新提出几点看法,以更好的发挥不良资产证券化的积极作用,有效的化解我国金融风险。本文共分为四个部分:第一部分:首先对我国不良资产及处置的现状进行分析,包括对我国国有商业银行不良资产形成原因的简要分析,通过目前几种常用的不良资产处置方法的利弊分析,结合我国面临的不良资产处置的巨大压力,引出我国进行不良资产证券化的必要性及其优势。这是我国进行不良资产证券化选择的基础和出发点。第二部分:简要分析了当前不良资产证券化在世界范围内发展的情况,演化的趋势和特点。这给我国不良资产证券化发展演变起到了示范作用。其中,韩国是不良资产证券化的后起之秀,不良资产的形成与我国也有相似之处,韩国通过证券化方式处置了大量不良资产,取得了较好的效果,是后起国家发挥后发优势的典型代表,因此,这部分选取了韩国不良资产证券化的一个典型案例进行比较深入细致的分析,并得出对我国不良资产证券化的几点启示。第三部分:这部分分析了我国不良资产证券化发展的过程,对三个案例进行了比较细致的介绍,并试图总结归纳现阶段我国不良资产证券化发展的特点。第一是不良资产证券化在我国的发展成为必然趋势,包括正常贷款的资产证券化也将在商业银行中逐步开展;第二是我国不良资产证券化的发展模式是循序渐进的,这是由我国资产证券化的外部环境决定的,同时,我国对于不良资产证券化技术的理解和运用,也需要有个过程;第三,信托分层结构已经成为我更多还原

【Abstract】 The proportion of nonperforming assets in commercial banks in our country is high and the number of them is great, which contain great financial risks and hindered the development of the banking of our country and the operation of national economy seriously. We have obtained some achievement through the efforts in recent years, but the pressure is still great. The problem of using new method to handle the bad assets become the focus more and more. The theories of nonperforming assets securitization (NPAS) have already been perfected gradually, also, good results have been made in practice abroad. Our country has begun to try handling nonperforming assets by NPAS and has made certain progress. The paper mainly analyses and summarizes the evolution of NPAS in our country, and puts forward some views in order to promote its domestic development. The paper divides four parts.Part one: analyzing the basic situation of the handling nonperforming assets in this part, and draw the advantages and necessity of NPAS in our country. This is the foundation and the starting point that NPAS. This part still includes the analysis of the reasons to nonperforming assets of the stated commercial banks of our country.Part two: analyzing the situation of development of NPAS on the range of the world, including its trend and characteristic. NPAS in Korea developed later, and the reasons of the nonperforming assets have similarity with ours. Korea has handled nonperforming assets by NPAS and becomes the typical representative of newcoming advantages. Thus, there is an NPAS example of Korea in this part, and the enlightenments are drawn.Part there: this part has analyzed evolution of NPAS in our country. Three examples are introduced in detail and the characteristic of NPAS in our country are summarized. First, NPAS has become the exorable trend; second, its development model is progressive, which is decided by external condition of NPAS in China. Meanwhile, the understanding and application to technology of NPAS is quite along process. Finally, trust level has becomes main trading structure. At the end of this part, according to the accounting criterion about NPAS of USA, accounting profit and loss are analyzed to try finding the main factors which influence the changes of them in order to serve the further development and innovation of NPAS in China.Part four: some suggestions and ideas of innovation to the NPAS in our country are proposed in this part. First, analyze the environment of NPAS in our country, which is an external foundation of NPAS; second, try taking some ideas about innovation of NPAS; finally some policy recommendations are proposed, including the perfection of the law, development of security market and support of the government.更多还原