招商银行不良资产证券化问题及对策研究ResearchontheProblemsandCountermeasuresofChinaMerchantsBank'sNon-performingAssetSecuritization摘要目前，中国国内商业银行负债比率仍居高不下。而按照2017的业绩来看非正常贷款比率已分别超过了1.74%。同时小企业主体的企业欠款比率也较高，中小企业主体无法及时履行义务，经常拖欠或者违约。仅在2018年上半年，全国就登记了二十余起债务违约案件，金额达到了170多亿元人民币。2014年第一次发生债券违约事件从那时起至现在，全国债券市场上共一百零五家市场主体所发布的二百四十二只债务违约，涉嫌违约的债务主体已达到了1945亿元。不良资产的巨大覆盖力影响着整个国民经济的发展，而商业信用风险的长期影响也导致了金融贬值，这种趋势势在必行。企业不良资产证券化机制已经成为经济研究的重大课题，亟需为存在的问题提供解决方案。正是在这种背景下，本文从招商银行资产证券化的不良产品出发，运用文献研究法和个案研究法，考察了中国商业银行资产证券化产品不良的状况以及招商银行资产证券化的实际状况，总结了相关经验，并指出资金流动性、信用风险、业务发展机制方面存在问题并提出对策，其他商业银行可根据实际业务需要进行采纳从而化解金融风险。关键词：招商银行；资产证券化；金融风险ResearchontheProblemsandCountermeasuresofChinaMerchantsBank'sNon-performingAssetSecuritizationAbstractAtpresent,thedebtratioofdomesticcommercialbanksinChinaremainshigh.Accordingtotheresultsof2017,theabnormalloanratiohasexceeded1.74%respectively.Atthesametime,thedebtratioofsmallbusinessentitiesisalsohigh,andsmallandmedium-sizedbusinessentitiescan'tfulfilltheirobligationsintime,andoftendefaultordefault.Inthefirsthalfof2018alone,morethan20casesofdebtdefaultwereregisterednationwide,amountingtomorethan17billionyuan.Thefirstbonddefaultoccurredin2014.Sincethen,242debtsissuedby105marketentitiesinthenationalbondmarkethavedefaulted,andthenumberofdebtentitiessuspectedofdefaulthasreached194.5billionyuan.Thehugecoverageofnon-performingassetsaffectsthedevelopmentofthewholenationaleconomy,andthelong-termimpactofcommercialcreditriskalsoleadstofinancialdevaluation,whichisimperative.Thesecuritizationmechanismofnon-performingassetsofenterpriseshasbecomeanimportantissueineconomicresearch,anditisurgenttoprovidesolutionstotheexistingproblems.Underthisbackground,thispaper,basedonthebadproductsofChinaMerchantsBank'sassetsecuritization,investigatedthebadproductsofChina'scommercialbanksandtheactualsituationofChinaMerchantsBank'sassetsecuritizationbyusingliteratureresearchandcasestudy,summeduptherelevantexperienceandpointedoutthecapitalcontribution.KeyWords：ChinaMerchantsBank；AssetSecuritization；FinancialRisk目录摘要.....................................................................................................................................IAbstract..................................................................................................................................II一、引言................................................................................................................................1（一）研究背景............................................................................................................1（二）研究目的与意义................................................................................................11.研究目的.............................................................................................................12.意义..................................................................................
