Promotion Value Analysis Of Green Asset Securitization

The long-term extensive development mode is aggravating our country’s environmental pollution and climate warming,and practice green development concept is of great urgency.To better support the development of green industry,many ministries are together to build the green financial system.As one of the important aspects of the green financial system,in recent years,green bonds is rapidly developing in domestic.In green bonds varieties,the innovative green bonds variety-green asset securitization possesses the advantage of asset securitization products and "green" attribute.It is suitable for green enterprise financing.But,at present the circulation of it still less,the proportion in the green bond markets islow.Why is this case? This is the question background on which cause the author focus.In this background,this paper uses case-analysis method,with green asset securities as the research object,by Beijing Enterprises Water Group Limited the first green asset-backed paper(ABN)in 2017 as a case,summarizes the successful issued experience of the asset-backed note,to play a reference to other green enterprise.Focus on the the angle of BeiKong water company,the green industry and social,summarize the value of promoting green asset securitization.At the same time,analyzing the reasons of the model has not been fully applied and give reasonable advice,to try to make green asset securitization financing model get the promotion and boost development of green industry.In the core section section,combined with the case,inducing the promotion value of green asset securitization financing model from all-roundand,and using chart analysis and contrast analysis to illustrate.For Bei Kong water company,one is to improve financial structure,revitalize the stock of assets;the second is to broaden the financing channels;the third is to save the cost of financing;the fourth is to attract more investors.For the green industry,is helpful to reduce the small and medium-sized enterprise financing threshold and regulate its operation behavior.For society,it can produce more environmental benefits,and also help to improve the green financial system.On the basis of analysising promote value of green asset securitization financing model in the multiple perspectives,summeing up the reason that green asset securitization financing model has not been fully popularized and applicated : green asset securitization lately start,policy guidance came late,the risks of green industryassets,investor participation is low,the basis of information disclosure requirements is specification.For these reasons,giving the government departments,regulatory agencies,financial institutions and green enterprises the suggestions to promote the application of this model.For government departments,it is suggested that provide external credit;more preferential policy;gradually promote the green asset securitization financing mode.For regulators,it is suggested that cultivating green investors;strict information disclosure requirements;promote good example and business training.For financial institutions,it is suggested that positively participating in green asset securitization products issue,and providing quality services;train personnel professional ability,and improve their risk management ability.To the green enterprise,it is suggested that improving underlying assets cash flow stability;handle the compliance issues of underlying asset.