But for the intention to solve the non-performing loan problems of state-owned banks, the cost of employing the technique will outweigh the benefit even if the AMCs try to do it.

• 但对于利用证券化技术解决国有银行不良贷款问题的设想，即使资产管理公司试图这样做，应用这一技术的成本恐怕将超出其好处。 SPV的建立，债券的信用评级和信用增强是我国应用证券化技术的关键环节。