前言迄今为止,世界主要经济体均已经颁行了相对系统的证券法律制度。建立了比较完善的金融基础设施。为投资者安心从事证券交易提供了可以依赖的法律制度和外在物质保障。证券,无论股票还是债券。无论公开发行还是私募发行。市场均已习惯性地视之为标准化的金融产品。但是.资产支持证券自20世纪70年代在美国诞生以来,历经四十余年的跌宕发展。似 Foreword So far, the world’s major economies have already enacted a relatively systematic securities law system. Established a relatively complete financial infrastructure. It provides the legal system and external material guarantee that investors can rely on for securities trading. Securities, whether stocks or bonds. Whether public offering or private placement. The market has habitually regarded it as a standardized financial product. However, asset-backed securities have experienced ups and downs for more than four decades since their birth in the United States in the 1970s. like