本文選題：信達(dá)資產(chǎn)管理公司 + 資產(chǎn)證券化��； 參考：《湖南大學(xué)》2013年碩士論文

【摘要】：資產(chǎn)證券化自20世紀(jì)70年代誕生以來，，在全世界發(fā)展十分迅速。資產(chǎn)證券化作為一種新的融資方式帶來了信用體制的創(chuàng)新，打通了以銀行等金融機(jī)構(gòu)為信用中介的間接融資和以股票、債券為代表的直接融資的通道，資產(chǎn)證券化也能夠改善特定資產(chǎn)流動性不足的問題，提高金融市場的資金配置效率。金融不良貸款是影響商業(yè)銀行體系流動性和穩(wěn)定性的重要因素，成為威脅國家金融安全和危害國民經(jīng)濟(jì)正常運(yùn)行的重大隱患。為化解金融風(fēng)險(xiǎn)和解決金融不良資產(chǎn)問題，我國先后設(shè)立了四大國有資產(chǎn)管理公司，收購和處置國有商業(yè)銀行政策性剝離的不良貸款，資產(chǎn)證券化是處置持續(xù)產(chǎn)生的不良資產(chǎn)的重要手段，能夠有效提高資產(chǎn)的流動性和盈利性，化解不良資產(chǎn)風(fēng)險(xiǎn)。國際金融市場采取資產(chǎn)證券化的方式處置不良資產(chǎn)，取得了較好的效益。 本文以中國信達(dá)資產(chǎn)管理股份有限公司為例，對不良資產(chǎn)證券化進(jìn)行研究。本文對資產(chǎn)證券進(jìn)行了概述，總結(jié)了國內(nèi)外資產(chǎn)證券化發(fā)展歷程，并基于中國信達(dá)資產(chǎn)管理股份有限公司的發(fā)展現(xiàn)狀提出推行資產(chǎn)證券化業(yè)務(wù)十分必要，重點(diǎn)研究了信達(dá)資產(chǎn)管理公司不良資產(chǎn)證券化核心問題和方案設(shè)計(jì)，以信元2006-1重整資產(chǎn)證券化項(xiàng)目為案例進(jìn)行了實(shí)證分析，認(rèn)為中國信達(dá)資產(chǎn)管理股份有限公司不良資產(chǎn)證券化發(fā)展中存在法律和實(shí)施環(huán)境兩方面的障礙，并針對不良資產(chǎn)證券化發(fā)展中的障礙提出了解決措施。 本文通過對中國信達(dá)資產(chǎn)管理股份有限公司不良資產(chǎn)證券化進(jìn)行探討，為中國信達(dá)資產(chǎn)管理股份有限公司不良資產(chǎn)證券化的發(fā)展提供參考，提高不良資產(chǎn)處置的效率，加快公司商業(yè)化改革步伐，促進(jìn)我國不良資產(chǎn)證券化的發(fā)展，這對于加強(qiáng)和改善我國國家宏觀經(jīng)濟(jì)調(diào)控、促進(jìn)金融業(yè)持續(xù)穩(wěn)定發(fā)展具有著重要意義。
[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.

【學(xué)位授予單位】：湖南大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2013
【分類號】：F832.39

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