Research On Asset Securitization Of Shipping Public Company In China

Shipping enterprise is typical enterprise of capital-intensive, they needs to financing huge sum of funds in the market, but return the investment needs long time. Shipping enterprise develops fast in our country now, if they depend on traditional financing mode can not cope with the funds they to develop. By the increasing of business amount, there are more and more funds be locked in account receivable, so how to use account receivable to raise money becoming more and more importance.Asset securitization is one of the most important financial innovations of international finance field since 1970's. Finance by asset securitization is cheaper and faster than any other financing mode, it can revitalize the assets that can not be flow, and afford an effective financing way for the enterprise that can not finance in the capital market and has a great lot of account receivable. Consequently, finance by asset securitization exactly solves the problem of how to use account receivable to raise money of shipping enterprise.For the purpose of applying asset securitization to shipping enterprise can broaden financing approach and accelerate the development of them, the thesis mainly researches the applicable condition of this financing mode and design an indigenization securitization mode that can be used to actual economic system frame and legal system in China. After introducing the basic theories, the basic mode and its procedure of asset securitization, the necessity of use asset securitization financing by shipping public company is analyzed. Among them indicates the current situation that it is difficult to raise money by shipping public company now, and the advantage of asset securitization than other financing mode. Then analyses the operation mode of financing by asset securitization, by consults the offshore securitization mode of CIMC, designs an indigenization securitization mode that can be used now. This is the innovation point of...