资产证券化的优势分析--基于投资者与融资者双向视角  

Advantages of Asset Securitization:Based on the Two-way Perspective of Investors and Financiers

作　　者：王丽丽 Wang Lili(Bank of Tianjin,Tianjin 300201,China)

机构地区：[1]天津银行博士后科研工作站,天津300201

出　　处：《未来与发展》2020年第2期63-69,共7页Future and Development

基　　金：教育部人文社会科学研究青年基金项目《分类治理视角下国有企业混合所有制最优机制设计研究》(项目编号:18YJC630012);北京市社会科学基金项目《分类治理视角下北京市国企高管激励有效性研究》(项目编号:17GLC054);中国博士后科学基金资助项目《村镇银行的公司治理:从权力制衡到科学决策》(项目编号:2019M651045);天津市企业博士后创新项目择优资助项目《村镇银行公司治理优化研究》(编号:TJQYBSH2018012)。

摘　　要：资产证券化是以未来能够产生稳定现金流的资产作为基础资产来发行资产支持证券募集资金。作为金融创新的重要渠道,2014年以来资产证券化迅速发展,本文从融资者与投资者两个视角分析了资产证券化的优势,并进一步从完善相关法律法规、健全信息披露机制、优化信用评级、完善二级市场建设、健全风险防控机制等角度提出了发展资产证券化的相关建议。Asset securitization is to raise funds by issuing asset-backed securities based on assets that can generate stable cash flow in the future. As an important channel of financial innovation, asset securitization has developed rapidly since 2014. This paper analyzes the advantages of asset securitization from the perspectives of financiers and investors. This paper also puts forward some suggestions on the development of asset securitization from the perspectives of perfecting relevant laws and regulations, improving information disclosure mechanism, optimizing credit rating, promoting secondary market construction, and perfecting risk prevention and control mechanism.

关 键 词：资产证券化 投资者 融资者 优势分析 

分 类 号：F832[经济管理—金融学]