后次贷危机时代我国资产证券化发展现状与展望

后次贷危机时代,世界资产证券化市场陷入低谷。中国的资产证券化试点运行与发展在国内外新的政治、经济环境下,面临新的考验,同时也蕴含新的机遇。本文分析了当前我国资产证券化发展的现状,进而探讨了未来如何有效设计和推动我国资产证券化发展的前景。     

Gender,visuality and violence: visual securitization and the 2001 war in Afghanistan

Visual securitization (the discursive processes by which images are assigned security implications) is integral to understanding how war and political violence is made possible. However, its insights have yet to be coupled with feminist international relations (IR) scholarship, which is alert to the connections between gender and (in)security. This article synthesizes these two research areas through Lene Hansen’s (2011) framework of visual securitization to investigate the gendered logics that underpinned the 2001 war in Afghanistan. By analyzing 123 photojournalistic images alongside American media texts and foreign policy discourse, I argue western images of Afghan women enacted a specific visuality through which they became constructed as a legitimate matter of security. The article makes two important contributions through this analysis. Firstly, it extends feminist understanding of the war in Afghanistan by demonstrating how the interplay between the visual and textual, and the gendered and racial logics operating within such interplay, visually produced Afghan women as a referent object of security. Secondly, this argument illustrates how gender can be critical in enabling the acceptance of visual securitizations, and how such securitizations can be enacted through gendered representations of insecurity and threat.     

The logic of protection: narratives of HIV/AIDS in the UN Security Council

ABSTRACT

When HIV/AIDS was first addressed by the UN Security Council in 2000, it was seen as the culmination of a successful securitization process and a pivotal moment for introducing human security. However, concern for the epidemic was paired with problems in including a nonmilitary issue on the Security Council’s agenda and the fear that peacekeepers were vectors of HIV. Reports of peacekeepers being involved in sexual exploitation and abuse added to these problems. This article aims to understand how gender has informed the efforts to address these issues and to rehabilitate peacekeeping forces and the Security Council from the legitimacy challenges that arose in this context. The article argues that including nonmilitary issues on the Security Council agenda requires adjustment to fit a war/peace logic. Drawing on feminist theories on security and protection, the analysis shows that the security narrative on HIV/AIDS did not form a coherent protection logic until the 2011 reformulation, when HIV/AIDS was constructed as part of the problem of wartime rape. This reformulation is interpreted as an appropriation of gender equality to reproduce a military security doctrine.     

安全化:生态问题如何成为一个安全问题

安全化是理解非传统安全概念和安全内涵拓展的一个非常重要的范畴和关键性步骤。生态问题的安全化过程最为醒目,它通过政治议程和科学议程在事实上清楚说明了生态问题由公共问题上升为安全问题的过程,以及生态价值受到威胁处于危险境地的客观状态,同时在理论上体现了解读安全的第三个层面,即除客观和主观层面之外的主体间性,使安全问题呈现为'安全性'、'安全感'和'安全化'三者互动的新状态。     

以国有股表决权证券化推动东北老工业基地改造--兼论国有经济新型政企关系构建

推动东北老工业基地改造的关键是,将东北国有上市公司的国有股表决权证券化为类似于股票的国有股表决权证,竟价发行后上市流通交易,与原有流通股一起构成统一的公司控制权市场.改进政府对公司的控制模式,分离主动表决权与被动表决权,制定<国有股被动表决权行使法>,政府只以被动表决权方式行使有关政治、产业政策方面的保留权利;而将资源配置方面的权利售予流通股公众,由流通股东控制公司经营权,调动流通股东促进资源配置的积极性,形成政府依法监管与企业自主经营相结合的新型政企关系.     

我国住房抵押贷款证券化的几点思考

住房抵押贷款证券化作为20世纪70年代国际金融界的一个创新,正在世界范围内迅猛发展着.实践证明,住房抵押贷款证券化在推动住房金融市场、加速住宅产业的发展、提高商业银行住房贷款的流动性等方面具有极大的优势.本文首先对证券化的运行机理进行了分析,然后结合国内现状,提出了几点关于实施住房抵押贷款证券化的政策建议.     

我国房地产融资问题研究

房地产业是我国的支柱产业之一,其健康发展对国民经济的发展起着重要作用,加之房地产业是资金密集型行业,因此有效地解决该行业的融资问题是促进其健康发展的重要条件。本文从国内房地产业融资现状入手,分析当前单一融资模式形成的原因及影响,考察了国内外房地产业除银行贷款外的主要融资渠道：房地产信托、房地产产业基金、住房抵押贷款证券化的涵义和特征,并将三种融资方式进行对比,提出适合我国国情的阶段融资方案及政策建议。     

住房抵押贷款证券化对我国金融机构的影响

2007年美国房地产金融市场爆发了次贷危机并迅速波及全球金融市场,我国金融机构在受到波及和影响的同时,也应该借鉴美国金融模式的创新和先进之处。通过对其中住房抵押贷款证券化因素的分析和研究,提出我国推行资产证券化的必要性和可行性,也列举了推行过程中值得注意的若干问题。     

从资产证券化的理论体系看中国突破模式的选择--兼论现有的八大建议模式

从资产运营和广义资产证券化的角度来考察 ,资产证券化的理论体系包括 :一个核心原理———现金流分析 ,三个基本原理———资产重组原理、风险隔离原理和信用增级原理 ,从这个理论出发 ,选择资产证券化突破模式时必须遵循三个原则 :基础资产必须满足“资产重组原理”的要求 ;能为资产证券化在中国的进一步开展提供示范效应和经验 ;在制度和环境方面只能是两个选择 ,一个是选择与现行制度和环境冲突最小的交易形式 ,一个是最有条件突破现有制度和环境约束的交易形式。依据这三个原则对现有的八大建议模式进行考察 ,可以得出中国开展资产证券化有两个突破模式 :“住房抵押贷款模式” +“准表外模式” ;“基础设施收费模式” +“离岸模式”。     

我国信贷资产证券化初探

随着我国加入WTO后金融业全面对外开放，制定一套能够切实有效解决银行资产流动性、安全性和盈利性的方案成为我国商业银行的迫切需求，借鉴和引进新的经营方式和经营管理理念成为我国商业银行的必然选择。基于此，研究信贷资产证券化在我国的发展具有重要的理论价值和现实意义。