Chinese Asset-Backed Securities Practice: Solutions and Product Design

Author: Jin Yusen
Publisher:
Publish Date: 2005-08-01
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 basic ability to analyze practical issues of asset securitization in China. The second part mainly analyzes the special issues of implementing asset securitization in China. This section primarily includes the analysis of costs, benefits, tax aspects, risk assessment, and other issues such as the true sale of securitized assets and cross-border asset securitization. The third part is relatively special and distinct from the previous content. It focuses on the general legal barriers to implementing asset securitization in China and an empirical analysis of specific legal issues related to commercial bank asset securitization. Based on a brief introduction to the U.S. legal framework for asset securitization, it provides a targeted analysis of the general legal barriers to implementing asset securitization 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 (corporate loans), and non-performing loans. Solutions are also provided. The fourth part, based on the analysis of various special issues and specific problems related to the implementation of asset securitization in China and the unique issues of different types of commercial bank assets, designs corresponding securitization models—products—for various types of assets in China (primarily commercial bank assets).