129833985957296250_25A few days ago, although had not yet seen the official announcement, a message has spread there: the Central Bank, Ministry of finance and other departments recently issued a circular, encourages financial institutions to select an eligible major infrastructure projects of the State loans, agricultural loans, loans, loans, loans for energy-saving emission reduction, local government financing company strategic new loans, loans for cultural and creative industries,Affordable housing program loans and car loans, credit asset securitization of diversified.
News came out, people have again raised concerns of credit asset securitization of stagnant for several years. Practical significance of credit asset securitization of China's banking industry is self-evident. China's high share of bank loans in the financial system, credit asset securitization of loans into securitiesTo market in the form of direct financing, and decentralized banking system for credit risk, optimize the structure of financial markets and financing. Formulation of credit asset securitization in China was first started in 2004, is the year, the State Council on promoting the stable development of reform, opening up, and a number of capital market opinion stated: "lower increased risk of development of fixed-income securities,Alternative types of securities provide investors with savings investments, exploration and development of asset-backed securities ". In 2005, developed and published the people's Bank of China and China Banking Regulatory Commission of pilot measures for the management of the credit assets into securities, marking the Chinese credit asset securitization pilot was officially launched. After three or four years
Diablo 3 Gold, including country Bank, the China Construction Bank, Shanghai Pudong developmentCommercial banks, such as Bank, offering a variety of credit securities. However, due to the impact of the global financial crisis, credit asset securitization in China had ground to a halt.
However, discussions on credit assets securitisation never cease. On April 26 this year, reporters in an interview, Governor of the Bank of communications Shanghai finance, President of the Federation of the new, when Niu Ximing, he said it should be pushedOf credit assets into securities, which contribute to the developments in the financial markets, and conducive to maintaining a credit asset management activities of bank liquidity. According to the people's Bank of China announced on April 25, the first quarter of 2012, of loans from financial institutions to report shows that at the end of March 2012, all financial institutions loans 57.25 trillion yuan, up to increaseLong 15.7%. Niu Ximing pointed out that total credit $ 25 trillion increase from 2009 to the present, RMB credit total at 55 trillion yuan at the end of last year, expects credit growth this year will not be below last year. Total amount of credit is likely to break $ 100 trillion in the coming years. The credit assets, there are a number of longer-term good assets, only askingProblem is the lack of liquidity.
This part of asset-backed securities, you can maintain liquidity through securitization. Meanwhile, Niu Ximing believes that there are three main credit asset securitization issue to be resolved. First, the issue of risk, no risk to credit asset securitization and spread out. Therefore, the credit asset securitization process, there should not be a certain percentage of commercial bankCredit assets
Rift Platinum, should not have all sold. Second is the issue of trading platforms, if in accordance with the contract of credit asset securitization transactions, procedures are too complicated
Diablo 3 gold, there should be a trading platform allows you to use a more concise approach to trading. Third is the issue of regulatory consolidation, extension of credit asset securitization involves a number of regulatory departments in regulatory policy, it needs to be integrated in the system.Deputy General Manager of Bank of communications, Department of development studies, Gui Zefa, said when interviewed by reporters, work together to support the real economy has become the consensus of steady development. To achieve steady growth of the real economy, require a moderate amount of credit support, the lending capacity of banks outside capital constraints of large, asset securitisation can optimize capital structure, free space,Provide credit reasonable to put conditions. Gui Zefa pointed out that as China's special conditions, many problems in the way the development of asset-backed securities, such as China's experience rating agencies in the development of asset-backed securities limited, lower rating standards of objectivity and consistency; inadequate secondary market trading liquidity problems, and poor credit environment, and legal awareness,Customs laws and regulations, such as incomplete. To this end, the Gui Zefa pointed out that the need to make efforts to strengthen the credit asset securitization of infrastructure, to establish a sound regulatory system, to bond issuance, validation, underwriting, listing of products, managed and Exchange, trading rules, to make clear; sound credit guarantees and rating agencies, make it into a national, authoritative, and cityInvestors generally recognized credit rating organizations; to strengthening financial market regulation, maintaining a fair, stable, orderly, and efficient financial system; and to strengthen the cultivation of professional talents, building a professional team of high-quality asset-backed securities. It is understood that the Central Bank, the Treasury Department issued a notice saying, are steadily expanding the scope of asset-backed securities institutional investors, encourage theInsurance companies, investment funds, corporate pension, national pension fund investors approved compliance of non-banking institutions such as investment in asset-backed securities. Notice also stipulates that a single purchase of banking institutions holding a single share of asset-backed securities, in principle, should not exceed 40% of the single issue asset-backed securities. That reflected the management wants to introduce more investments, And strictly guard against the risks of security awareness. Although it is reported that the first phase of credit asset securitization amount to 50 billion dollars, banking nearly $ 60 trillion of loans currently seem utterly inadequate, but again into the public view of credit asset securitization, undoubtedly to let people see a key financing predicament of dawn.
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