Research On The Current Situation And Reason Analysis Of Enterprise Asset Securitization Financing

Business financing is an important part during the enterprise development. In the business process, enterprise often faced with the problem of shortage of funds. To solve this problem, our country is exploring the innovative financing methods actively. However, most of the methods like stock, loan from bank and bond need to evaluate the credit of the borrowing enterprise. This causes the result that many enterprises lacking fund are confronted with severe money problems. Besides, the loan and bond also increase the size of debt relative to assets and deteriorates the financial status. So, to solve the qualification requirements of the enterprise, creating the innovative financial tools is a major solution.As a tool of innovative financial, Asset-securitization has a positive effect on solving the problems. Firstly, Asset-securitization values the yield of assets more than the qualifications of enterprise. Secondly, as one constitutive financing way, utilizing the model of capital to be securities financing of internal enterprise needs to carry out the "true sale" of the underlying assets, in order to achieve the purpose of off-balance-sheet financing. This will not increase the debt ratio. In our country, Asset-securitization is flourishing with the encouraging policies and regulationsThe paper introduces this new financial instrument, Asset-securitization. It defines the conception, reviews domestic and foreign literatures, and introduces participants, operation and category. Through these, we know that Asset-securitization is one constitutive financing way. Meanwhile, it is obviously that our country has exceptional advantage by analyzing the present situation of market and system constructions and the internal and external causes. Asset-securitization could expand the financing participants, reduce financing cost, increase asset fluidity and promote enterprise value. It also provides high performance-price ratio investment products for investors. Lastly, this paper figures out the problems of Asset-securitization in practice, and offers suggestions like improving the liquidity, improving enterprises credit and perfecting credit evaluation.