证券化(Securitization)是20世纪金融界最重要的创新之一,它将缺乏流动性但具有预期稳定现金流的资产汇集成资产池.通过结构性重组,将其转化为可以在金融市场上出售和流通的证券。资产证券化自上世纪六七十年代以来迅速发展.2000年世界总发行量达3500亿美元.目前已经作为一种新的融资手段被许多发达国家广泛使用。 Securitization, one of the most important innovations of the financial community in the 20th century, brings together assets that lack liquidity but have the expected steady cash flow into a pool of assets that can be transformed into assets that can be sold on the financial markets through structural reorganization And circulation of securities. Securitization has developed rapidly since the 1960s and 1970s, with a total circulation of 350 billion U.S. dollars in 2000. It has now been widely used by many developed countries as a new financing method.