A Study On Basic Assets' Problems Of Road Charging And Incoming Right's Securitization

The road charging and incoming right's securitization is helpful to reduce the financing cost of enterprises,increase the liquidity of assets,improve the management of enterprises,and indirectly promote the development of public traffic infrastructure in China.However,the late start of China's asset securitization practice and the immature relevant laws and regulations result in a lack of clear legal support in the grant effectiveness,real sales standards,bankruptcy isolation carrier construction and other issues in basic assets securitization of China's road charging rights,which is at the same time hindering the development to China's asset securitization of charging rights.In regard of this,according to the real needs of asset securitization in China,this paper puts forward perfect suggestions on the transfer of basic assets,the development of real sales standards and the choice of bankruptcy isolation carrier selection starts,draws lessons from the experience of Europe,the United States,and some Asian countries and areas from the practical viewpoint,including: the establishment of future legislation on the transfer of the rules of the creditor's rights,the definition of the basis for the sale of real assets and the basis of the definition of the basic assets of bankruptcy isolation carrier preferred trust SPV and double SPV structure",in order to provide a more powerful theoretical support for the development to asset securitization of road charging right.