不良资产证券化是各国处理金融机构不良资产的一条重要经验。通过资产证券化可以集约地处理不良资产,且代价较小。所谓“不良资产证券化”,就是将一系列的不良资产组合、包装以后,以其为标的资产通过发行证券在资本市场上出售和流通,具体可分为股票化和债券化两种形 Securitization of non-performing assets is an important experience for all countries in handling the non-performing assets of financial institutions. Non-performing assets can be dealt with intensively through asset securitization with less cost. The so-called “non-performing asset securitization” is a series of non-performing assets portfolio, packaging, with its underlying assets through the issuance of securities in the capital market for sale and circulation, can be divided into two types of stock and bond