Research On The Motivation And Operational Effects Of OCT A's Asset Securitization

In the 1970 s,asset securitization was born in the United States.The original intention of innovation is through the various functions to meet the needs of financial institutions.In developed and developing countries,asset securitization has grown rapidly after more than 40 years of development.After 1980,in the financial market,because the relaxation of the regulatory system to promote a large number of financial innovation.Coupled with the rapid growth of electronic technology,asset-backed securitization(ABS)came into being.Because the design structure of enterprise asset securitization is complicated and involves more transactions,the research on enterprise asset securitization is still in the preliminary stage of exploration in China and does not form a relatively mature theoretical system or viewpoint.For China,asset securitization,as early as 1992 appeared,but because of the economic crisis and the development of China’s national conditions,after 2004,asset securitization was able to slow development.Until 2016,China’s asset securitization began to achieve rapid development,securitization of the product range is also more and more.In recent years,the rapid growth of asset securitization in China can be achieved by raising a large number of assets of tourism enterprises to achieve their own financing needs,both companies can use asset securitization to deal with corporate finance difficult problem.But why do companies want to implement asset securitization? Is it just because of innovative financing? And the implementation of asset securitization effect? In the rapid development of enterprise asset securitization,these problems are worth exploring and analyzing.Based on this background,this paper chooses OCT A asset securitization as a case study to try to analyze the motivation of OCT A asset securitization and the related operation effect after implementation.This paper begins with the background of the asset securitization project,the overall operation status and the specific situation of the project,and then studies from the external and internal factors,summarizes the possible motivations of OCT A to implement asset securitization.Then,through four aspects to discuss OCT A asset securitization project operation effect.OCT A in the asset securitization project,some key steps and measures for the industry to provide a valuable experience.However,for the basic assets are not yet mature tourism enterprises,a comprehensive imitation of OCT A this innovative financing model has a certain degree of difficulty.They need to deep research,so as to design their own asset securitization products.In the end,the article examines the benefits of asset securitization in the tourism industry and gives relevant policy recommendations in conjunction with the case.These conclusions and recommendations need to be taken into account in our future work.