Securitization in China

liu, zhaohong (2008) Securitization in China. [Dissertation (University of Nottingham only)] (Unpublished)

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Asset securitization is a forward subject of contemporary financial theory and practice. It is one of the most important methods for capital gather and enhances banking liquidity. After it development in the U.S. ABS markets in the 1970's, asset securitization has spread all over the world. As a structured finance process, securitization involves pooling and repackaging of cash flow producing financial assets into securities and then selling to investors.

This dissertation provides a study on the global securitization pattern both theoretically and empirically. The pattern selection of asset securitization must suit the home countries' internal requirements of economical and financial development. In 2005, China began to get involved in the asset securitization. For China, it must follow the economical logics of special path of China's financial reform. Currently, the fiduciary pattern is the realistic choice to realize asset securitization in China under the current legal circumstances and financial system.

Item Type: Dissertation (University of Nottingham only)
Depositing User: EP, Services
Date Deposited: 09 Jan 2009
Last Modified: 25 Oct 2016 11:46

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