Analysis On The Financial Effects Of The Companies' Securitization

The company of our country is facing the puzzle which includes the high property ratio of debt to net worth and the financing channel sole.For this reason,in this paper, the asset securitization being a dominant instrument to solve the problem of bad property in corporate.Asset securitization as an innovative financing tool has become an important push force for the development of global capital markets.In the past 30 years in the course of development,asset securitization has been tremendous development and expansion,whether in the form and content or applications.Asset Securitization in China has also been gradually carded out.variety of financial assets Securitization has begun.China's asset securitization markets will usher in a period of prosperity.In order to further promote the implementation of the asset securitization in China's enterprises,the paper analysis the effect of the asset securitization.First reviewed the literature of asset securitization,the review of the Literature is divided into foreign part and domestic part.The foreign part includes foreign literature review of relevant studies, and summarized the current focus of the foreign country.Review of the Literature from the domestic divided into theory and practical aspects,respectively,describes the relevant research results.And then the paper elaborate on asset securitization of the basic theories,including the meaning of the asset secudtization,the features,the operating,the meaning of financial effects,and so on.In explaining the basic theory, the article summed up the asset securitization in the development of our country,our analysis of the implementation of the feasibility of asset securitization,and select two case of our country introduce.The two case are asset securitization of credit asset securitization and corporate asset securitization,and then the paper points out that the implementation of China's asset securitization is feasible.On the basis the feasible of asset securitization,this paper further analysis the financial effect brought about by asset securitization of China's enterprises,which focused on an analysis the decrease of internal management costs and financing costs on enterprises,the impact of the company financial risk,the optimization of the financial indicators brought about by asset securitization,and after the asset securitization business capacity for the future growth.Later the paper use related cases to verify the result.Finally,against China's current situation and put forward for Chinese enterprises to implement the asset securitization,the paper designs a plan of the company asset securitization,and made use of the purchase cycle approach to maintaining the pool of assets in order to achieve Long-term financing.The paper provides related proposals to push out asset securitization.