Study Of Cross-border Operation Of The Asset Securitization

The generally known Asset-based Securitization(ABS) is the process of collection and gathering assets which are lack of liquidity but have a estimated stable cash flow in the future into an asset pool, and convert the assets to securities which is tradable and exchangeable in the financial market through reconstruction.Asset-based Securitization, a brand-new financial innovative product, is an inexorable trend in our country. The opportunities and conditions, however, are neither mature nor suitable to develop the ABS especially in a large scale since there are a good many restrictive factors. Hence, choosing a breakthrough for experimenting the securitization is the first mission.Cross-boarder securitization is a model of ABS, its history is just more than ten years, but the speed of its development is becoming faster globally(especially in developing countries).It can be used to issue ABS and decrease trading cost by making full use of the different law, tax, accounting, capital market and economical development of different countries. The research of the theory of cross-boarder securitization is of practical importance to our country.The early expectation on mass participation to ABS in China is yet to become true due to its weak framework of law and economic environment. Cross-boarder trading is presented as a breakthrough of ABS in China, with its significant feasibility and necessity. ABS provides cross boarder financing firm with ideal structure to diversify parts of the trading all over the world. Many successful trading cases have appeared with the...