本文選題：資產(chǎn)證券化 + 風(fēng)險(xiǎn)控制　； 參考：《上海交通大學(xué)》2013年碩士論文

【摘要】：資產(chǎn)證券化是世界金融領(lǐng)域非常重要而且發(fā)展迅速的直接融資創(chuàng)新產(chǎn)品之一，資產(chǎn)證券化的目的在于將缺乏流動(dòng)性的資產(chǎn)（含債權(quán)）或資產(chǎn)組合再次包裝出售，提高資產(chǎn)流動(dòng)性和資金運(yùn)作效率。中國(guó)的金融業(yè)長(zhǎng)期以來(lái)都將流動(dòng)資本高度集中在銀行業(yè)，為化解銀行業(yè)的信用風(fēng)險(xiǎn)，資產(chǎn)證券化成為重新分配風(fēng)險(xiǎn)和資本的創(chuàng)新手段之一。資產(chǎn)證券化于2005年在國(guó)內(nèi)試點(diǎn)，2008年因國(guó)際金融危機(jī)暫停，時(shí)隔四年又于2012年被重新啟動(dòng)。中國(guó)尚處在資產(chǎn)證券化業(yè)務(wù)開(kāi)展的初級(jí)階段，各監(jiān)管部門不斷出臺(tái)的支持資產(chǎn)證券化的政策法規(guī)，體現(xiàn)了中國(guó)金融業(yè)的監(jiān)管層推進(jìn)金融創(chuàng)新的意圖，也彰顯了資產(chǎn)證券化在中國(guó)發(fā)展的廣闊前景。在此背景下，本文結(jié)合工作實(shí)踐，試圖對(duì)資產(chǎn)證券化特別是資產(chǎn)管理公司開(kāi)展資產(chǎn)證券化業(yè)務(wù)進(jìn)行專題論述與研究。 本文首先闡述了資產(chǎn)證券化的形成與發(fā)展，理解與運(yùn)用，對(duì)資產(chǎn)證券化這一熱點(diǎn)議題進(jìn)行了有效分析與總結(jié)；其次較詳細(xì)地介紹了包括美國(guó)、歐洲、日本在內(nèi)的國(guó)外成熟的資產(chǎn)證券化市場(chǎng)和資產(chǎn)證券化產(chǎn)品，與此同時(shí)，比較與回顧了我國(guó)資產(chǎn)證券化發(fā)展歷程與產(chǎn)品設(shè)計(jì)。 本文最后闡述了資產(chǎn)管理公司主要的資產(chǎn)證券化業(yè)務(wù)模式，，并通過(guò)本文作者供職的國(guó)內(nèi)一家大型資產(chǎn)管理公司所運(yùn)作的一個(gè)具體的案例，詳盡地分析了資產(chǎn)證券化中的項(xiàng)目要素和風(fēng)險(xiǎn)控制，結(jié)合理論知識(shí)，試圖探究資產(chǎn)管理公司在我國(guó)資產(chǎn)證券化發(fā)展中的業(yè)務(wù)方向和趨勢(shì)。
[Abstract]:Asset securitization is one of the most important and rapidly developing direct financing products in the world's financial field. The purpose of asset securitization is to repackage and sell illiquid assets (including claims) or asset portfolios.Improve the liquidity of assets and the efficiency of capital operation.For a long time, China's financial industry has concentrated its working capital on the banking industry. In order to resolve the credit risk of the banking industry, asset-backed securitization has become one of the innovative means to redistribute the risk and capital.Asset securitization was piloted in China in 2005, suspended in 2008 because of the international financial crisis, and restarted in 2012 after four years.China is still in the initial stage of asset securitization business. The policies and regulations that various regulatory departments have constantly issued to support asset securitization reflect the intention of China's financial industry regulators to promote financial innovation.It also highlights the broad prospect of asset securitization in China.Under this background, this paper tries to discuss and study the asset securitization, especially the asset securitization business of the asset management company.In this paper, the formation and development, understanding and application of asset securitization are discussed, and the hot topic of asset securitization is analyzed and summarized.The mature market of asset securitization and the products of asset securitization are developed in Japan. At the same time, the development course and product design of asset securitization in China are compared and reviewed.At the end of this paper, the main business models of asset securitization of asset management companies are described, and a specific case of the operation of a large domestic asset management company for which the author of this paper works is given.This paper analyzes in detail the project elements and risk control in asset securitization, and attempts to explore the business direction and trend of asset management companies in the development of asset securitization in China.
【學(xué)位授予單位】：上海交通大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2013
【分類號(hào)】：F832.39;F832.5

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本文編號(hào)：1770299