起源于20世纪70年代的资产证券化,在全世界范围内迅猛发展,被认为是近30年来世界金融领域最重大和发展最快的金融创新。与美国、日本等发达市场经济国家以及亚洲新兴市场经济国家相比,中国资产证券化探索较晚,还没有进入实质性发展阶段,这既与国际水平存在显著差距,也与中国巨大的资产证券化潜在市场规模不相协调。当前,流动性过剩是当下中国金融经济领域的一个关注焦点问题。在中国目前的金融体制下,银行大规模地推行资产证券化,将其资产卖给机构投资者如保险公司、养老金等,这将对流动性有大幅度的缩减效应,会对当前的宏观调控措施有莫大的帮助。 Asset securitization originated in the 1970s developed rapidly throughout the world and is considered as the most significant and fastest-growing financial innovation in the world’s financial field in the past 30 years. Compared with developed market economy countries such as the United States and Japan and emerging market economies in Asia, China’s asset securitization has not explored yet and has not yet entered a substantive stage of development. This not only shows a significant gap with the international level, but also with China’s huge asset-backed securities Potential market size does not match. At present, the excess liquidity is the current focus of China’s financial and economic issues. Under the current financial system in China, the large-scale implementation of asset securitization by banks to sell their assets to institutional investors such as insurance companies and pensions will have a drastic reduction in liquidity and will affect the current macroeconomic Regulatory measures of great help.