随着经济全球化进程的不断深入,金融国际化、证券化、自由化的潮流已是各国金融管理当局不得不面对的课题。 所谓资产证券化是指将已经存在的某类资产集中起来,并重新分割为证券进而转卖给市场上的投资者的行为或过程。它意味着证券化中可销证券的发行是由特定资产产生的预期现金流而非由一个私人公司或公共部门实体的预期偿还能力(信用) With the continuous deepening of economic globalization, the trend of financial internationalization, securitization and liberalization has become a subject that financial management authorities in various countries have to face. The so-called asset securitization refers to the existing assets of a group together, and re-divided into securities and then resold to investors in the market behavior or process. It means that the issuance of a marketable security in securitization is the expected cash flow generated by a particular asset rather than the expected repayment ability (credit) of a private company or public sector entity.