20世纪80年代末90年代初,美国发生储贷危机,重组信托公司在解决储贷协会危机的过程中,开创了不良资产证券化的先河,并取得了巨大的成功。目前我国四家国有商业银行存在的大量不良资产严重制约着商业银行的发展,扰乱了正常的金融秩序,化解银行不良资产已经成为金融改革的重中之 In the late 1980s and early 1990s, when the loan-deposit crisis occurred in the United States, the restructuring trust company set a precedent for securitization of non-performing assets in the course of settling the crisis of the loan-deposit association. It achieved great success. At present, a large number of non-performing assets in the four state-owned commercial banks in our country seriously restrict the development of commercial banks, disrupt the normal financial order and defuse the bad assets of the banks.