资产证券化与我国金融机构不良资产处理

本分析了资产证券化在缺乏长期资金供给、会计制度和税收制度存在较大障碍、不良资产的“真实出售”难以真正实现、缺乏被市场投资所普遍接受和认可的信用评级机构方面面临的问题及在我国推行资产证券化的前景；列举了我国金融资产证券化的各种方案；设计了我国金融机构资产证券化的体系；重申了对资产证券化与化解国有银行不良资产的关系的正确认识。

Assets Securitization and Handling of Non-performing Loan for Financial Institution in China

This abridged paper points out that the assets securitization is faced with several problems as the shortage in supply of long-term fund, the obstruction in accounting systems and tax systems, the difficulties in the realization of the 'real sales' of non-performing loan, the scarceness of the evaluation institution in credit rating, etc. Based on these ,the author analyses the prospect of the assets securitization in China and puts forward the proposals on policies concerned.