韩国资产证券化法律制度及其对我国的启示

韩国《资产流动化法》解决了1997年金融危机中发生的金融机构的巨额不良债权,2011年韩国又公布了《资产流动化法》的修改草案,试图推动资产证券化的发展,值得我国借鉴。我国的资产证券化的实践尚缺乏法律支持,特别是利用SPC方式的资产证券化必需借助法律平台,应制定相应的税法特惠制度降低资产证券化的成本,规定与民法不同的有关债权让与对抗要件、抵押权的取得等规定,以此来推动我国资产证券化的发展。

Law of Asset Securitization in Korea and the Significance to China

The Law of Asset Liquidity of ROK solved the problem of huge bad debts of financial institutions in the financial crisis in 1997.In 2011,draft amendment of the Law was promulgated with the purpose of promoting the asset securitization.Asset securitization in China at present,especially the asset securitization with SPC,lacks legal support.Thus it is necessary for China to forward its asset securitization by ways of establishing a preferential system of tax law to reduce the cost of asset securitization,and making stipulations different from those in the civil law concerning with assignment of credit and the counter conditions as well as acquisition of the right to mortgage.