Founding Ceremony of China Asset Securitization 100 Forum
2015-10-26 IMI
The ceremony centered on “Credit Risk and Asset Securitization” and focused on how to improve the risk pricing mechanism of China’s fixed income market through principles and methods of asset securitization and to provide market basis for solving the bail-out.
Mr. Cao Tong delivered a speech of “Internet Contributes to Solving the Mismatch Problem between Asset Securitization and Credit Risk”. He pointed out that the arising of internet and big data made information mining and risk recognition more sufficient, and standardized and modularized the non-standard processes and services. Internet made it possible for professional service mode of OTC fixed income markets and credit risk pricing based on internet structure. Internet also provided new solutions and perspectives for efficient credit risk pricing.
Mr. Ma Delun gave a speech titled “Non-performing Asset Securitization will Perform Well”. He said that we should establish a marketized and normalized treatment mechanism for non-performing asset instead of surgical methods. The challenges on the securitization of non-performing assets include underlying asset valuation, accounting treatment, investor’s self-retention proportion, investor range extension as well as loan servicers functions.
Mr. Shen Bingxi delivered a speech of “Asset Securitization Has Positive Influence on Controlling Financial Risks”. In his opinion, credit risk was not brought by asset securitization. On the contrary, asset securitization has positive influence on controlling credit risks. However, it needed attention in preventing intermediaries from holding back credit risk of asset securitization objectively, preventing supervisory authorities from misconducting and preventing the complex structure of asset securitization.
Accordingly, China Asset Securitization 100 Forum is a non-governmental and non-profitable financial academic organization focusing on asset securitization policy and practice, China’s asset securitization frontier academic discussion, ecosystem construction and combining traditional and new finance. It aims at providing a high-end research and discussion platform for government regulators, financial institutions, assets sponsors, institutional investors, professional intermediaries, experts and scholars. It also aims at promoting academic communication and pushing forward collaboration and development of asset securitization.
