资产证券化是７０年代以来最重要的金融创新，其含义是将契约或承诺型金融资产产生的收入现金流转变成可以在资本市场上销售和流通的证券的过程。资产证券化源于７０年代美国的住房抵押证券，随后证券化技术被广泛应用于抵押债权以外的非抵押债权资产，并于８０年代在欧美... Asset securitization is the most important financial innovation since the 1970s. Its meaning is to convert the cash flow of income generated from the contractual or committed financial assets into the securities that can be sold and circulated in the capital market. Asset securitization originated in the United States in the 1970s housing mortgage securities, then securitization technology is widely used in mortgage-backed non-secured debt assets, and in the 80’s in Europe and America ...