Asset Securitization Of Urban Basic Infrastructure Research & Design Of Operational Modelity

Asset securitization, as an innovation in terms of financial product, has been transforming the world financial resources allocation. In China , because of the practical problems as related economy , law accounting and taxation , the perfect product can not be promoted cosmically in the Chinese capital market . This paper , from theoretical angle and realistic angle ,make a research and design on the operational model of the urban basic infrastructure in China.The paper firstly summarizes the background , significance and feasibility of implementing the urban basic infrastructure asset securitization in China, then gives the definition of it.In the second part, the paper introduces the basic operational process and organizations of Asset securitization , analyses the main four models and their cash flows , combines with the characteristics of the urban basic infrastructure, brings forward the most appropriate operational model .The paper analyses the five primary practical problems : the establishment of SPV separation of bankruptcy ranking of credit accounting and taxation, and then designs two operational models :the domestic model and the world model.In the last part , the paper analyses the risks on the process of the operation , and the measures of how to prevent and control the risk.