Chinese Asset-Backed Securities Practical Solutions and Product Design

Author: Jin Yusan
Publisher:
Publish Date: 2005-08-17
Features: The first part briefly introduces the concept system and basic process of asset securitization. The purpose is to provide readers with a general understanding of asset securitization. Mastering this chapter enables readers to grasp the ability to analyze practical issues of asset securitization in China. The second part mainly analyzes the special topics of asset securitization implementation in China. This section primarily includes the analysis of costs, benefits, taxation, risk assessment, and other issues such as the true sale of securitized assets and offshore asset securitization. The third part consists of relatively special content that is separated from the previous part, focusing on the general legal barriers to asset securitization implementation in China and an empirical analysis of specific legal issues related to commercial bank asset securitization. After briefly introducing the U.S. legal framework for asset securitization, it provides a targeted analysis of the general legal barriers to asset securitization implementation in China, as well as the legal issues that may arise when securitizing various types of commercial bank assets, such as home mortgage loans, normal commercial bank loans (to corporations), and non-performing loans. Solutions are also provided. The fourth part, based on the analysis of various special topics and specific issues related to different types of commercial bank assets in China, designs corresponding securitization models—products—for various types of assets in China (primarily commercial bank assets).