金融危机前亚洲资产证券化的发展情况传统上亚洲的企业和银行较少通过资产证券化的方式融资,其原因,一是证券化涉及到法律、会计、担保等方面的制度条件,这些制度条件在许多国家并不具备;二是近十几年来区外银行和机构投资者对亚洲经济的增长前景一直较为乐观,亚洲的银行和企业获得贷款和发行债券的成本并不太高,他们也乐于通过银团贷款、欧洲债券、项 The development of asset securitization in Asia before the financial crisis Traditionally, Asian companies and banks have seldom been able to raise capital through securitization. First, securitization involves institutional conditions in law, accounting and guarantee. These institutional conditions Which is not available in many countries. Second, the prospects for economic growth in Asia have been more optimistic to foreign banks and institutional investors in the past decade. Asian banks and enterprises are not in the least expensive to obtain loans and issue bonds. They are also willing to Through syndicated loans, European bonds, items