However, in the long-term, with the mature of the Chinese securitization market and the relevant low system, the Model of True Sale will be the terminal choice.

• 长期上，随着中国不良资产处置市场的培育与完善，法律关系清晰、风险隔离效果良好的真实出售模式是今后资产管理公司开展不良资产证券化的最佳选择。