Study On The Structure Of Real Estate Trust Assets Securitization In The Case Of Special Plan Of Haihang Building

Asset securitization as an innovative financing mode has been accepted quickly by public,with the advantages of liquidizing remnant assets and risk diversification.ABS products mainly focus on credit products early,and it has extended to infrastructure construction,ticket sales,and other fields,with the rapid development of asset securitization in recent years.As a product of collective investment,the real estate trust fund gathers a lot of money,and it now goes into the field of asset securitization.On the one hand,this mode can quickly increase the size of the asset securitization,promoting the development of asset securitization,on the other hand,asset securitization going into the trust fund will activate trust fund effectively,increase the capital energy and enhance the vitality of the entire capital market.In the ardent market atmosphere of ABS,combined with national regulation and the fast-growing market of asset securitization,this paper will firstly explain the basic principle of asset securitization,deeply analyze the current situation of the development of our country's real estate trust and relevant problems,and point out that it is really meaningful for liquidity enhancement of real estate and the development of asset securitization to combine the asset securitization and REITs.In this paper,we will study the case of the REITs of Haihang-Pufa building.with the characteristics of its design,we will study the feasibility of the trust assets securitization from the basic flows of capital,guarantee institutions such as Dual-SPV mode,analyze the advantages and disadvantages of special plan,and explore some experience to improve the measures,so as to provide reference for further expansion of the asset securitization.