摘要
虽然证券化是引发金融危机的原因之一,但作为一种金融创新形式,证券化是不会轻易退出历史舞台的。信托财产的独立性与信托的组织形式,具有实现证券化目标的天然优势。我国的资产证券化选择了信托模式,但是源于英美法系的信托制度却与具有大陆法系传统的中国法律制度存在着冲突,因此导致了中国的资产证券化实践中出现了理论上难以解释的问题。中国资产证券化理论与实践问题的解决,最终要通过信托法律制度的完善。
Although securitization is one of reasons leading to the financial crisis,it would not disappear from the arena of history voluntarily.The independence of trust property and its structure are natural advantages of trust that could realize the goal of securitization.Securitization chooses trust as its form of Special Purpose Vehicle（SPV） in China.Trust system,which originated from common law system,conflicts with the legal system based on civil law system in China.As a result,some problems in securitization in China could not be explained by trust theory.The theoretical and practical problems in securitization in China will be resolved finally by improving the trust law.
出处
《金融发展研究》
2010年第9期8-12,共5页
Journal Of Financial Development Research
关键词
信托
资产证券化
问题
完善
trust
securitization
problems
improvement
