当前经济下行压力明显,投资减速时期形成的债权或资产质量不能够满足投资者需求,难以形成有效的资产供给,一定程度上对应了当期的“资产荒”困局。随着中国经济增长从投资拉动转为消费拉动,资产证券化基础资产池也已基本涵盖了衣食住行等消费领域的所有资产类别。以电商、小贷等为代表的消费领域的互联网金融方兴未艾,顺丰金融、阿里巴巴—蚂蚁金服,京东金融等基于科技创新的知名电商纷纷进军金融领域。我们看到,科技与金融的结合并非巧合,资产证券化业务正以产融结合的模式进行创新,发挥着推动经济转型升级的积极作用,也许还会成为未来的主要业务范式。 At present, there is obvious downward pressure on the economy. The claims or asset quality formed during the slowdown of investment can not meet the needs of investors and it is difficult to form an effective asset supply. To some extent, this corresponds to the current “asset shortage” dilemma. As China’s economic growth has shifted from investment-led to consumption-driven, the asset-backed securitization asset pool has basically covered all asset classes in consumption such as basic necessities, housing and transportation. Internet finance in the consumer field, represented by e-commerce and small loans, is booming. Financial institutions such as Shunfeng Finance, Alibaba-Ant Financial Services, and Jingdong Finance have all launched into the financial sector based on scientific and technological innovations. We can see that the combination of technology and finance is not a coincidence. The asset securitization business is being innovated with the combination of industry and finance, playing an active role in promoting economic restructuring and upgrading and may also become the main business paradigm in the future.