On April 3rd, China central bank announced to launch registration system of credit asset securitization. ANBOUND research team believes that China Banking Regulatory Commission (CBRC) and central bank liberalized asset securitization will contribute to the formal start of China asset securitization. Asset securitization will promote financial innovation and development and will help to enhance international competitiveness of domestic finance industry. Enterprises' asset securitization replaces indirect financing with direct financing through capital market, which will help to reduce financing cost of enterprises and support the development of real economy.