traditional credit assets (loans) and financial assets (interbank and securities investment). Due to the long-standing dual … interest rate system in China, the yields of credit assets and financial assets have differed, which means the latter has … financial assets, thus increasing the ratio of their credit assets to financial assets. On the other hand, rising benchmark …

traditional credit assets (loans) and financial assets (interbank and securities investment). Due to the long-standing dual … interest rate system in China, the yields of credit assets and financial assets have differed, which means the latter has … financial assets, thus increasing the ratio of their credit assets to financial assets. On the other hand, rising benchmark …

banks can be divided into traditional credit assets, whose rates of return are controlled by the supervision department, and …. Indirect financing enterprises are mainly private enterprises, which finance using credit assets. By introducing a financial …

banks can be divided into traditional credit assets, whose rates of return are controlled by the supervision department, and …. Indirect financing enterprises are mainly private enterprises, which finance using credit assets. By introducing a financial …

techniques to obtain the diffusion of the credit assets under partial observation and show that they have a specific excess … return with respect to the benchmark. The investor performs a simple mean–variance allocation on credit assets. However …

We consider the effect of recovery rates on a pool of credit assets. We allow the recovery rate to depend on the …