中国的资产证券化有两种类型:信贷资产证券化和企业资产证券化,二者受不同部门监管,在不同市场上流通。前者由人民银行和银监会监管,在银行间债券市场交易。后者由证监会监管,在交易所市场交易。这种安排是由中国债券市场被分割为银行间债券市场和交易所市场的具体情况所决定的。 There are two types of asset securitization in China: securitization of credit assets and securitization of enterprise assets, both of which are regulated by different departments and circulate in different markets. The former is regulated by the People’s Bank of China and the China Banking Regulatory Commission and trades on the inter-bank bond market. The latter is regulated by the SFC and trades on the exchange market. This arrangement is determined by the specific circumstances in which the Chinese bond market is divided into the interbank bond market and the exchange market.