分析P2P网贷平台试水类资产证券化的典型案例,可发现其欠缺标准资产证券化的若干要素,主要是没有特殊目的栽体SPV参与、债权产品没有内部分层增信及外部信用评级、没有足够的信息披露和专业机构的介入。网贷平台发行资产证券化产品存在着法律风险、信用风险、道德风险和系统性风险,其根本性成因是信息不完全性,应以解决信息不完全性为风险规制立法的逻辑起点,以信息供给为风险规制立法的着力点,实行公开发行注册制,明确各从业主体的地位与责任,规定信息供给的范式要求,采取投资者适当性原则。在监管制度上,树立适度监管理念,形成以银监会和证监会为主导的合作监管体制,引导和促进线上ABS的健康发展。 Analysis of P2P network loan platform test cases of typical cases of asset securitization, we can find some of the elements of the lack of standard asset securitization, mainly did not participate in special purpose vehicle SPV, credit products without internal credit and external credit rating, Not enough information disclosure and involvement of specialized agencies. There are legal risks, credit risks, moral risks and systemic risks in the issuance of asset-backed securities products on the network-loan platform. The fundamental cause of this is the incompleteness of information. The logic starting point for legislation on the regulation of risk should be solved by information incompleteness. Supply for the regulation of risk regulation focus, the implementation of the public offering registration system, a clear position and responsibility of all practitioners, the provisions of the paradigm of information supply requirements, to take the principle of the appropriateness of investors. In the regulatory system, establish a moderate regulatory concept, the formation of the CBRC and the SFC-led cooperative supervision system to guide and promote the healthy development of online ABS.