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资产证券化起源于美国20世纪70年代的住房抵押支持证券,它是近30年来金融领域发展最快的金融创新工具之一,它改变了传统的投融资体制,带来了金融领域的重大变革,并以其特有的融资优势得到了市场的认可。资产证券化是将缺乏流动性但能够产生可预见稳定现金流的信贷资产,通过一定交易结构安排,对信贷资产的风险和收益进行重组,转换为在金融市场上可以流通的金融产品,发起人也因此回收了现金。我国资产证券化的
Asset securitization originated from the mortgage-backed securities in the 1970s in the United States. It is one of the fastest growing financial innovation tools in the financial field in the past 30 years. It has changed the traditional investment and financing system and brought about major changes in the financial field , And its unique financing advantages have been recognized by the market. Asset securitization is a credit asset that lacks liquidity but can generate a predictable and stable cash flow. Through a certain trading structure arrangement, the risk and return of credit assets are reorganized into financial products that can be circulated in financial markets. The promoters As a result, cash is recovered. China’s asset-backed securities