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ID:34637228
大小:3.44 MB
页数:41页
时间:2019-03-08
《中国住房资产证券化业务的研究》由会员上传分享,免费在线阅读,更多相关内容在学术论文-天天文库。
1、摘要资产证券化可以丰富我国债券市场品种,提供新的融资和投资渠道,提高资本周转率,创造新的利润增长点;商业银行还可以解决资产负债不匹配、资本不足等问题,同时转移部分系统性风险。我国大力发展资产证券化业务具有必要性和可行性,不仅可以在现有资产证券化产品基础上丰富产品内容,满足各方面融资需求和投资需求,而且可以根据控制风险需要推出表内双担保债券,减少投机行为。但是,目前我国资产证券化业务尚处于起步阶段,存在以下问题:一是缺少权威的评级机构,进入门槛较低,信用评级缺乏公信力:二是资产证券化领域法律不健全,资产证券化的税收、会计与信
2、息披露等相关法律还有待完善;三是投资者数量有限、市场规模太小;四是监管过严、审批程序复杂、且期限较长,导致产品数量太少,没有发挥资产证券化的优势。关于如何促进我国资产证券化业务发展,笔者建议,一要创新资产证券化产品,扩大市场规模;二要完善相关法律制度;三要完善资产证券化会计制度;四要完善信用评级体系,提高评级机构质量,创造信用评级需求,加强评级机构道德风险管理:五要拓宽市场参与者范围;六要实施适当的货币政策,支持证券化业务发展。关键词:住房按揭抵押贷款证券(hIBS)、次贷危机、信用评级AbstraCtSecuritiza
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