A Study of Foreign Banks Developing in China Asset Securitization Market：A Case of Standard Chartered Bank

• Main Authors: Wang, Li-Ting, 王立婷
• Other Authors: Tang, Ying-Chan
• Format: Others
• Language: zh-TW
• Published: 2009
• Online Access: http://ndltd.ncl.edu.tw/handle/80688956799073872867

碩士 === 國立交通大學 === 企業管理碩士學程 === 97 === As being one of the most important financial innovations since 1970s, securitization has been developed in an enormous pace around the globe. There is great demand for securitization in China both from issuers and investors in the capital markets. The securitization market has developed steadily over the past three years, yet the pace of development has been slower than expected. The economic reform in China has undergone for years, and it has dramatically increased the current living standard in China. In terms of contribution of securitization to Chinese economy reform, much of them are in terms of strengthening existing financial market in China, such as providing more liquidity within the financial market as well as alternative financing method for the corporation. In addition, securitization also provides a unique solution to the liquidity of fixed assets in China. This study will review the current securitization process in China and compare such process with US and JP to discuss the unique characteristics of securitization in China. In addition, even if the securitization represents a step forward in the current financial reform, there are still risks and obstacles faced. This study will evaluate the current difficulties faced and suggest possible solutions accordingly. After joining WTO in December 2001, China’s financial market opens up and foreign institutions begin rushing into the market. Many foreign banks invest in China recently. The case study part takes Standard Chartered Bank as the example to discuss foreign banks developing in China’s securitization market. Foreign banks have the mature international experience to utilize international and the domestic financial market variation. These institutions are capable of offering　cutting edge wholesale and retail services, generally at lower cost than purely domestic banks.