Research On The Asset Securitization Of Urban Infrastructure In Kunming

Urban infrastructure is an important foundation for social and economic development. It is a basic condition for modern city's survival and development. It also has great significance on improves and enhances the living standards of urban residents, and promotes sustained and healthy development of the national economy. With the process of "urbanization" vigorously promote, Kunming, Yunnan as a center of "Bridgehead" strategy and "One Belt and One Road" strategic in the southwest region. The municipal public facilities (squares, roads, landscaping, subway, etc.), traffic network (High construction of roads, railways, ports, etc.), such urban infrastructure is very important for that. Urban infrastructure usually has long construction period, need large-scale investment and slow returns. According to estimates, Kunming needs at 600 billion yuans in the infrastructure investment every year, but the traditional bank's financing conditions is not satisfactory. The way of financing with high requirements, short-term, small amount, and high capital costs, also face the risk of debt maturity. There are significant conflicts between the financing and debt financing Therefore, Kunming must enhance the financing channels, and innovative financing methods to resolve the stock of debt and raise funds for construction. The asset securitization of s is such a tool.The entry point of this paper is infrastructure asset securitization in Kunming, from asset securitization concept, features, operation and process of asset securitization; review the development of asset securitization at home and abroad. This paper will grip the infrastructure situation of Kunming, raise the innovative financing model:Rental+ asset securitization model. There are six main parts in this article:the first part is a introduction about the purpose and significance of topics, research ideas and methods; The second part is an overview of asset securitization, mainly in two aspects, one is basic profile of asset securitization, another is to introduce the history and current situation of asset securitization; The third part is to introduce the basic construction of facilities management situation in Kunming, including development opportunities, achievements and problems; The fourth part is analysis Kunming's infrastructure asset securitization by case study, and to make recommendations; The fifth is to design a financing plan for South Connecting Expressway Project of Kunming. This chapter is the key content to this paper; The sixth part is a conclusion about the Kunming urban infrastructure asset securitization, and also carry out the significance summarize to generate the infrastructure asset securitization in Kunming.According to the exploration on the South Connecting Expressway Project, by way of the asset securitization, this innovation tools. It could be a good way that gradually extend to Kunming, Yunnan Province,to help the debt burden and raise funds for reflated construction. It has significant in promoting urbanization, dissolving the government's stock of debt, and improving the efficient of use of assets in Kunming.