1 摘要 在2015年后，我国信贷资产证券化市场得到了飞速发展。尤其是在备案制、等 宽松政策的大力推动下，市场发行规模逐年增大，销售规模持续地增长，流动性进 一步得到提升。创新的加快使入池资产的类型进一步丰富，并形成五大类基础资产 证券，市场参与主体的更加多元化，产品结构逐渐丰富。在我国经济促改革的环境 下，信贷资产证券化成为盘活银行存量的资产、提高银行资产流动性的最重要的工 具之一，也是商业银行等金融机构在转型发展中的有效选择。 本文通过引进QS银行实证案例的数据，对QS银行的信贷资产证券化项目进行 分析。全文共由五章组成。第一章导论，概括选题背景及意义，综述国内外学者的 研究成果并作简要总结，说明文章的主要研究内容、研究方法、可能的创新点及不 足，对文章整体内容做一个总的概括描述；第二章对QS银行自身基本情况以及开 展信贷资产证券化项目的目标意义、法律支持、会计核算、市场需求、内控等方面 进行分析；第三章对QS银行开展信贷资产证券化项目的入池资产、交易结构、资 产分档、交易条款等方面进行分析；第四章对QS银行开展信贷资产证券业务面临 的风险进行分析；第五章给出风险对策和项目优化建议。 发行信贷资产证券化产品有助于QS银行提高资产流动性、优化资产负债结 构、降低风险资产占用规模、提升市场影响力。本文通过对QS银行信贷资产证券 化项目分析，最终提出QS银行开展信贷资产证券化项目的风险对策及项目优化建 议。 关键词：QS银行；信贷资产证券化；对策；建议 Abstract 1 Abstract After 2015, China's credit asset securitization market achieved rapid development. Especially under the strong impetus of the preparation and other loose policies, the market issuance scale is increasing year by year, the sales scale keeps increasing, and liquidity is further enhanced. The acceleration of innovation further enriches the types of assets entering the pool, forms five types of basic asset securities, more diversified market participants and gradually rich product structure. In the context of promoting economic reform in China, credit asset securitization has become one of the most important tools to revitalize the bank's existing assets and improve the bank's asset liquidity, as well as an effective choice for commercial Banks and other financial institutions in their transformation and development. By introducing the data of QSbank’s empirical case, this paper analyzes the QSbank’s credit asset securitization project. The thesis consists of five parts. The first part is an introduction, summarizing the background and significance of the topic, summarizing the research results of domestic and foreign scholars and making a brief summary, explaining the main research content, research methods, possible innovation points and deficiencies of the paper, and making a general description of the overall content of the paper. Chapter two analyzes the basic information of QSbank and the objective significance, legal support, accounting, market demand and internal control of carrying out the project of credit asset securitization. Chapter three analyzes the pooled assets, transaction structure, asset classification and transaction terms of QSbank’s loan asset securitization project. Chapter four analyzes the risks of QSbank’s credit asset securities business. The fifth chapter gives risk countermeasures and project optimization Suggestions. The issuance of securitized products of credit assets can help QSbank to improve asset liquidity, optimize the structure of assets and liabilities, reduce the occupation scale of risk assets and enhance market influence. Based on the analysis of QSbank’s loan asset securitization project, this paper finally puts forward the risk countermeasures and project optimization Suggestions of QSbank’s loan asset securitization project. Keywords: Qsbank; Credit Asset Securitization; Countermeasures; Suggestions 目 录 1 目 录 第1章 绪论 ........................................................................................................................................ 1 1.1 研究背景及意义 ............................................................................................................... 1 1.1.1研究背景 ........................................................................................................................ 1 1.1.2研究意义 ........................................................................................................................ 2 1.2 国内外研究综述 ............................................................................................................... 3 1.2.1国外研究现状 ................................................................................................................ 3 1.2.2国内研究现状 ................................................................................................................ 6 1.2.3文献评述 ........................................................................................................................ 8 1.3 研究方法和研究思路 ...................................................................................................... 9 1.3.1研究思路 ........................................................................................................................ 9 1.3.2研究方法 ...................................................................................................................... 10 1.3.3技术路线 ...................................................................................................................... 10 1.4 研究内容与解决问题 .................................................................................................... 10 1.4.1研究内容 ...................................................................................................................... 10 1.4.2解决的关键问题........................................................................................................... 11 1.5 主要创新之处 .................................................................................................................. 11 第2章 QS银行基本情况及开展信贷资产证券化项目的基本情况 ................................. 13 2.1 QS银行简介 ..................................................................................................................... 13 2.1.1基本情况 ...................................................................................................................... 13 2.1.2业务情况简介 .............................................................................................................. 13 2.1.3贷款和垫款情况........................................................................................................... 16 2.1.4资产负债情况 .............................................................................................................. 16 2.2 QS银行信贷资产证券化项目的目标、意义及交易亮点 ................................... 17 2.2.1QS银行信贷资产证券化项目的目标 .......................................................................... 17 2.2.2资产证券化项目对QS银行的积极意义 .................................................................... 17 2.2.3本次资产证券化项目的主要交易亮点 ....................................................................... 19 2.3 法律支持的可行性分析 ............................................................................................... 20 2.4 会计支持的可行性分析 ............................................................................................... 21 2.5 市场需求的可行性分析 ............................................................................................... 22 2.5.1资产池的筛选 .............................................................................................................. 22 2.5.2交易结构设计 .............................................................................................................. 23 QS银行信贷资产证券化项目案例分析 2 2.5.3法律文件 ...................................................................................................................... 23 2.5.4投资者推介 .................................................................................................................. 23 2.6 QS银行内部风险控制的可行性分析..................