自上世纪九十年代中期开始,伴随着世界范围内(尤其是美国与欧洲各国)资产证券化浪潮的此起彼伏,中国金融理论与实务界对这一金融创新及其本土化表现出极大的兴趣,同时对其必要性与可行性做了许多有益的探索,而1997年东南亚金融危机之后,国有银行体系巨额不良资产对金融安全、乃至经济安全的潜在威胁更使得不良资产证券化问题成为国内的焦点话题,进而无论在决策层还是实务层,有 Since the mid-1990s, with the wave of asset securitization in the world (especially in the United States and European countries), Chinese financial theory and practice have shown great interest in this financial innovation and its localization At the same time, many useful explorations have been made on its necessity and feasibility. After the financial crisis in Southeast Asia in 1997, the potential threat to the financial security and even economic security of the huge amount of non-performing assets in the state-owned banking system made the problem of non-performing assets securitization even more domestic Focus on topics, and then both at the decision-making level or the substantive level, there