Case Study Of Shi Lian Small Loan Company's Asset Securitization

In recent years,small loan companies in our country have developed rapidly and provided small and micro businesses,peasant households and individual with financial support.However,small loan companies are generally faced with the dilemma of insufficient in loanable funds because they are unable to absorb deposit,and there are narrow financing channels except capital increase of shareholder and limited debt financing.So how do small loan company innovate financing channel and at the same time reduce financing cost becomes a burning question,thus developing assets securitization is a kind of feasible plan to solve this problem through research.As for small loan companies,designing assets securitization products on the one hand may obtain capital at low cost,on the other hand it may vitalize enterprises' stock assets to effectively evade limitation on their development caused by current financial policy,and also benefit for overcoming financing problems.On the basis of reviewing the current situation of small loan companies in our country,this thesis combines the assets securitization essential theories and studies on the aspect of small loan companies financing by case analysis method,and analyzes detailedly the operating process of "The Assets-backed Special Project of Shi lian Small Loan Company",next the thesis summarizes the necessity and reasons of success on Shi lian Small Loan Company's asset securitization to discuss the characteristics and risks of this kind of financing,and especially analyzes the financing effect and comparative advantages of this asset securitization,all of those above are to prove this kind of financing is effective to solve Shi lian Small Loan Company's financing problems.Finally the thesis offers proposals and spreads case from two aspects-self-development and policy of small loan companies,and it may provide new ideas for other small loan companies in our country on extending financing channel.