Asset Securitization Legal System Research

As a financial innovation which involves several branches of knowledge like law, accounting and finance etc., asset securitization provides a new financing way for enterprises with its special structure design and asset credit. This thesis briefly introduces the definition, character, significance, trading entities and trading procedures based on studying basic theoretics of asset securitization. Then, the author specially states the function, organization, risk remote and guarantee system of the special purpose vehicle , the key institution of asset securitization. Through transferring the assets to special purpose vehicle , assisting with asset guarantee and credit enhancement, asset securitization can make the special purpose vehicle issue securities to raise funds based on particular asset credit. The author put forward some legislation proposals in the thesis on how to improve asset securitization in China after analyzing the current situation and future evolvement of asset securitization in China.