Research On Asset Securitization Model Of Microfinance Companies

In the May of2008,《The guidance of the microcredit company》 was issued by People’s Bank of China and China Banking Regulatory Commission. After that, private capital is allowed to set up microcredit companies to help with small-sized enterprises. However, the only ways for microcredit companies to get funds are Banks’loans and shareholders’ fund. But microcredit companies still don’t have enough fund to satisfy the small-sized enterprises’ demand for loans. Thus, microcredit companies have to find new ways such as asset securitization to absord new fund.Asset securitization is a financing tool based on assets which can produce stable cash flow. Ali small loan is the first pure network management microfinance companies. Relying on Alibaba big data management, Ali small loan risk control system has been fully completed before its loan. The post-loan management system effectively ensured the quality of Ali’s credit assets. With these high-quality asset-based loans, small loans and the success of Ali assets have just launched the first small loan company asset securitization products---"Ali Baba special asset management plan". In this paper, the detailed analysis of Ali small loan asset securitization products will provide appropriate advice to other small loan companies to develop asset securitization.