由于中国经济体制的独特性,一些金融产品虽然原创于海外,但在国内实施时常有变化,这种变化可能是形态上的,也可能是实质上的。比如,我国的P2P与海外的P2P有别,我国的REITs也不同于海外的REITs。中国的资产证券化产品现状如何呢?全球最大的评级机构穆迪在一份报告中对比了中美信贷资产证券化产品,其报告的副标题是“两者相似仅限于名称”。的确,细看我国很多资产证券化产品,其在实质上更类同于企业债,而不是完全意义上的、基 Due to the unique nature of China’s economic system, although some financial products are original overseas, they often change in China. Such changes may be morphological or substantive. For example, P2P in China is different from overseas P2P. Our country’s REITs are also different from overseas REITs. What is the status quo of China’s asset securitization products? The world’s largest rating agency, Moody’s, compared a Sino-American credit asset securitization product in a report whose subtitle is “Similar to name only.” Indeed, looking at many of our country’s asset-backed securities, which are more or less the same as corporate bonds, are not in the full sense of the word