Influence to China's Asset Securitization Path Which Caused by U.S.Subprime Mortgage Crisis

With the outbreak of the 2007 American subprime crisis,the subprime crisis has been upgraded to a worldwide financial storm.The crisis originated from America's housing credit market,but its influence had spreaded to the world.By the aid of asset securitization products,asset securitization has become the thrusting machine of the butterfly effect.Meanwhile the subprime crisis had a huge impact to China's capital markets and real economy,and even larger impact to our asset securitization path.The subprime crisis will stop the process of our asset securitization in the short-term,but in the long-term,it will be more positive influence from the experience,systems,environment and talent attraction.We should overcome the fear and catch historic opportunity to promote the smooth development of our country's asset securitization.