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作为介于直接融资与间接融资模式之间的一种金融创新,信贷资产证券化通过把“间接融资”形成的金融产品在金融市场上出售给参与“直接融资”的投资者,不仅能有效盘活存量、提升银行业有效信贷供给能力,还有利于实现信贷市场与资本市场的对接,提高金融资源配置效率,是对社会融资供给侧的创新和发展。但是,当前我国信贷资产证券化发展仍然较为缓慢,参与主体受限,操作成本偏高,证券化效益较差,配套法规不健全,因此,必须创新监管体制机制,完善证券化产品结构,扩大资产支持证券交易市场。
As a kind of financial innovation between direct financing and indirect financing, credit asset securitization sells financial products formed by “indirect financing ” in financial markets to investors participating in "direct financing It not only can effectively revitalize the stock and enhance the effective credit supply capacity of the banking industry, but also can help to achieve the connection between the credit market and the capital market and improve the efficiency of the allocation of financial resources. This is an innovation and development on the supply side of social financing. However, at present, the development of China’s credit asset securitization is still slow, with limited participants, high operating costs, poor securitization benefits and inadequate supporting regulations. Therefore, it is necessary to innovate and supervise institutional mechanisms, improve the structure of securitized products and expand assets Support the stock exchange market.