中文摘要：

采用2011-2014年国内77家商业银行数据，从盈利性假说和流动性假说两方面对我国商业银行进行信贷资产证券化的动因进行实证分析。研究结果显示，我国商业银行开展信贷资产证券化的主要动因为改善盈利性。在观测期间，经营效益较差的银行和流动性较好的银行都进行了更多的信贷资产证券化。此外，中间业务收入占比更高的银行也进行了更多的信贷资产证券化。银行规模与信贷资产证券化规模也存在较密切的联系。

英文摘要：

Applying annual data from 77 Chinese commercial banks, dated from 2011 to 2014, this paper analyzed the determi- nants of Credit Asset Seeuritization in Chinese commercial banks with empirical methods. The empirical study shows that Chinese commercial banks employed Credit Asset Securitization based on the Profitability hypothesis, instead of the Liquidity hypothesis. The banks with lower profitability completed more seeuritizations, the banks with more liquidity also completed more securitizations. The banks with higher percentage of intermediate income engaged in more securitizations. In addition, bank size is closely related to the involvement of securitization activities of individual banks.