literature for literature review, including the BIS

因为是第一次会议，所以只是初级阶段，你们可以看着有个概念。

Reported Progress to date
You identified literature for literature review, including the BIS
paper 
MIMI HU, Dobson and Kashyap
You are completing historical overview of China’s banking industry and
general economic development
You mentioned you had completed review re: development of ABS/MBS  CDOs

Things to do
Send me all completed material to date. If you need to finalise
anything perhaps do that first and then send on to me.
(include your to-do list with objectives that you showed me yesterday)
State precisely what your research question.
Is it? “How can securitization be applied in China to resolve the
NPLs?”
Has this worked elsewhere in Asia. (check Bis paper).
State how might the legal/regulatory framework change to achieve this
goal.
More analysis is still required on overview of China’s banking industry
and general economic development

Issues to consider
You said perhaps you might consider the possibility of using covered
bonds. Remember this is not off balance sheet.
US and China not the same
MBS markets are not likely to develop in China according to Hu
Securitization in China seems to relate most to Securitizing Non
performing Loans
You probably need to address in greater detail the relevance of non
performing loans

Dobson and Kashyap state the following: “In other words, / the cost of
cleaning up the Big Four?s misdirected loans through 2005 can be
conservatively put at roughly 10.4 percent of China?s 2005 GDP, and
adding Ma?s estimates could bring the total to as high as 18.5 percent”
Also check Honohan (2004)