资产证券化是指将缺乏流动性,但能够产生可预见的稳定的现金流量的资产,通过一定的结构安排对资产中风险与收益进行分离组合,进而转换成可以出售和流通的证券的过程。1999年后,在我国金融改革深入、金融结构创新及商业银行不良资产处理的背景中,资产证券化开始进入中国金融领域 Assets securitization refers to the process of converting assets into securities that can be sold and traded by separating assets with risk and profit from assets through a certain structural arrangement through assets that lack liquidity but can generate a predictable and stable cash flow. After 1999, with the deepening of financial reform in our country, the innovation of financial structure and the handling of non-performing assets of commercial banks, asset securitization began to enter China’s financial sector