Case Study Of ZGDZ Asset Securitization

Asset securitization originated in the United States in the 20th century,80 years.in the industrial development is increasingly flat,industrial production tends to saturation,the development is difficult to find new growth point of the case,in order to revitalize the stock of assets,asset securitization more and more popular.Since the 1990s,the development of information technology has promoted the production of a large number of complex structured products and derivatives,so that asset securitization has entered a stage of rapid development..Although China's asset securitization has just begun in the late 1990s,and because of the financial crisis in 2008,once the asset securitization pilot was stopped.Until 2012,only to restart the relevant pilot,but the rapid development,indicating that asset securitization has a very broad application prospects.This paper mainly introduces the structure of this article,briefly introduces the research background of the article,and the purpose and significance of the project.Then it introduces the research status quo at home and abroad,and finally introduces the research methods adopted in this paper.The second chapter,ZGDZ Group Co.,Ltd.asset securitization project carried out a very in-depth and meticulous research.This chapter first introduces the motivation of ZGDZ Group Co.,Ltd.to implement the asset securitization project,and then introduces the participants of this special plan,including the original equity,asset service,supervisor,custodian and so on.These participants will play an important role in the project.This section introduces the introduction of the specific plan of the project after the implementation of the asset securitization project of ZGDZ Group Co.,Ltd.,including the analysis of the basic assets,the analysis of the structure of the planned transaction,the stratification of securitization products Structural analysis.Analysis of the credit rating of the assets included in the project pool.Overall,this ZGDZ Group Co.,Ltd.asset securitization project basic asset quality is higher,layered structure is very reasonable,credit means more reliable means.It should be said that this project re-implementation of asset securitization of this new way of financing at the same time,but also in many ways to control the risk.The ZGDZ Group Co.,Ltd.in the implementation of asset securitization and other processes are very cautious.In the third chapter,this paper analyzes the problems existing in the asset securitization project of ZGDZ and the causes of these problems.The fourth chapter puts forward some suggestions on the problems of asset securitization project of ZGDZ Group Co.,Ltd.First,the establishment of information disclosure mechanism,through the information disclosure mechanism can better pricing securitized products,you can better use the efficiency of financial markets to configure the supply of securitized products and investor demand,which can also ease the financial market May appear on the abnormal price fluctuations.The second should make up for the lack of credit problems outside the letter,you can jointly guarantee the number of security companies,or enter the international market with the international risk management agencies to exchange credit to solve this problem,of course,this asset securitization project The management put forward higher requirements.In the internal enhancement issues.we should optimize the basic asset structure stratification,especially for some due to industrial upgrading and was included in the list of enterprises of them,you can set a separate adjustment block.Third,make full use of market means,the effective allocation of risk.Finally,this paper argues that this asset support program should set up an internal professional compliance department.The process of asset securitization is complicated and the applicable laws and regulations are in a variety of ways.There is an urgent need for a professional team with high level of professional knowledge and legal knowledge.Flexible handling of the future may face a variety of situations.In addition,due to the rapid development of China's financial market,many new laws,new laws and regulations continue to introduce,also need such.a team to adapt to the new legal environment in order to better protect the interests of the issuer and the interests of investors.Finally,this paper concludes that the ZGDZ is of great significance to promote the asset securitization project,which can help the ZGDZ to reduce the financing cost and optimize the asset structure.ZGDZ has always adhered to the implementation of the asset securitization project.Prudent approach to ensure the minimization of the project risk;good credit enhancement means to ensure the success of the key to the project,ZGDZ through the implementation of this project has gained valuable experience.We can solve the problems of ZGDZ asset securitization project through the establishment of information disclosure system,to make up External and internal lack of credit,making full use of the market,the establishment of professional compliance department.