The Design Of Asset Securitization Financing Plan For L College

Independent colleges are an important part of China's higher education.The funds for managing schools are raised by shareholders themselves.The traditional fund-raising channels are mainly obtained from banks or trusts through their parent companies.Due to changes in the macroeconomic environment,its indirect financing capacity is often affected,so schools consider direct financing in the capital market.There are many types of bond products in China's capital market,and the choice of specific bond varieties has become a difficult problem for colleges and universities.Asset securitization is a process in which a company's liquidity is poor,or a predictable stable income in the future is structured,credited,and bonds are issued for financing.Since the birth of asset securitization in the 1980 s,it has been favored by countries because of its natural advantages in improving liquidity.Since 2014,China's relevant regulatory authorities have begun to encourage enterprises to carry out assetization,and continue to introduce policies and regulations to support their development,as the asset securitization is a new thing in China,and China's corporate bonds and corporate bonds supervision between 2015 and 2017 didn't rigorously enough leading to the current nongovernmental enterprises rarely try to asset securitization products.Based on this,this paper attempts to illustrate the product design method and transaction process of asset securitization with actual case design,hoping to promote the promotion of asset securitization.Based on the case of the independent private college L College and its affiliated company GX,this paper analyzes the financing dilemma according to its actual situation and China's relevant regulatory policies,and designs the asset securitization plan according to its asset characteristics to solve its financing dilemma.At the same time,I hope this article will help many private colleges and other private enterprises to try asset securitization.The main results of this paper are as follows: In the face of traditional indirect financing and most direct financing channels are difficult to get through,L College and its parent company GX Group can be financed through asset securitization,and the financing scale can also meet its requirements;This financing model has certain versatility,but requires enterprises that use this model to operate legally and have appropriate credit enhancement measures;in order to promote the development of domestic asset securitization,relevant legal support in terms of SPV setting,taxation issues,etc.remains to be seen further improvement.