资产证券化是金融市场深化和金融分工细化环境下的金融创新安排 ,有特定的信用体系做其基础 ;作为与其它融资方式不同的创新 ,资产证券化具有特殊的金融特性与内在经济机制 ,这些特性和机制使资产证券化发挥出信用增强、分散风险、创造流动性等特殊作用 Securitization of assets is a financial innovation arrangement under deepening of financial markets and elaboration of financial division of labor, and has a specific credit system as its foundation. As an innovation different from other financing methods, asset securitization has special financial characteristics and internal economic mechanism, These characteristics and mechanisms make asset securitization play a special role in enhancing credit, diversifying risks and creating liquidity