Financial Consequences Of Asset Securitization On Overseas Chinese Town

Asset securitization is a product of economic development with the deepening of financial reform. It is not only the concrete form of corporate financing behavior, but also the concrete content of the innovation of financial products and financial instruments. From 2005 the first pen asset securitization products issued so far, asset securitization market in China is accelerating the process of development, only 2015 size has nearly 6000 billion, close to the sum of the past nine years, asset securitization business is regarded as a big wave.After the test of practice, enterprises often choose the mode of financing such as bank loans, issue bonds, stocks, etc. can to some extent alleviate the enterprise of capital demand, but with the growing scale of enterprises, problems continue to emerge, such as asset structure more complex, illiquid assets continuous accumulation, the original financing mode unable to meet demand for enterprises to revitalize the flow is poor assets, reduce financing cost, improve the financing structure etc. So why the asset securitization in the existing way of financing stand out? As the combination of debt financing and equity financing, asset securitization has the influence on the profitability, solvency, risk level and stock price of overseas Chinese town.The research problem of this paper is the financial impact of asset securitization on the overseas Chinese town. In this paper, analysis of the cases against Shenzhen Overseas Chinese Town Co., Ltd. (Stock abbreviation:OCT A) issued the "Happy Valley Theme Park admission certificate special asset management plan" is. Through the analysis of the characteristics of the overseas Chinese town owned real estate industry funds, compared with the company’s feasible financing channels, the level of progressive, proposed the necessity of enterprise to choose asset securitization as a means of financing. Subsequently the asset securitization brings to the overseas Chinese town company financial impact research, carries on the elaboration from two aspects of financial performance and stock price, in order to achieve the purpose of China asset securitization needs the enterprise to give examples.This study concluded that:(1) the real estate enterprises in the endogenous financing, only to rely on its accumulation is difficult to meet the demand for funds; in debt financing, commercial credit financing short term borrowings from banks and is not conducive to the structural optimization of enterprise assets; in equity financing, several additional shares will cause stock East in the secondary market sell-off, cause the stock price to drop, so to broaden the financing channels of China’s real estate industry is particularly necessary. (2) asset securitization does have a positive effect on corporate finance. (3) the issue of asset securitization products for overseas Chinese city companies to broaden the financing channels, enhance the liquidity, reduce financing costs, rich investment opportunities at the same time led to the development of Happy Valley Park offers the possibility of.Case study of the financial impact of A asset securitization in overseas Chinese town, how to balance the investment in fixed assets investment and production and operation of the real estate management layer, ease the pressure of large financing needs provides a reference.