基础设施建设非朝夕之功孟琦:中国资产证券化市场可能还需要几年、十几年甚至几十年的发展,才能初具美国市场的雏形。举几个例子。首先国内ABS没有一套可行的估值定价系统,也没有形成真正意义上的收益率曲线,这是需要几年的时间积累的。另外,商业银行内部在做ABS的时候,对于每一类基础资产,不是直接简单打个包就可以出售的,而是需要银行建设证券化系统来实现操作,否则,依靠人工操作成千上万笔资产做证券化是不现实 Infrastructure construction non-overnight success Meng Qi: China’s asset securitization market may take several years, more than 10 years or even decades of development, to take shape in the United States market. Cite a few examples. First of all, domestic ABS does not have a viable valuation and pricing system, nor does it form a true yield curve. This will take years to accumulate. In addition, when making ABS inside commercial banks, each type of basic asset can be sold not directly and simply by a package. Instead, a bank needs to build a securitization system to implement the operation. Otherwise, thousands of enterprises rely on manual operation Pen asset securitization is unrealistic