Case Study Of Assets Securitization Of Happy Valley In Overseas Chinese Town

The national financial work conference on July 14 th,2017 put forward three development goals of “innovating financial products,deepening financial reforms,and preventing financial risks”,pointing the way for the development of China's financial market and capital market,and asset securitization as a new development The application of financial innovation tools in our country's enterprises is becoming more and more widespread and is gradually becoming an important financial tool.However,there are relatively few academic studies on this innovative financial instrument in China.In view of the above reasons,this paper intends to study the case of Happy Valley asset securitization project in OCT City,compare the differences and advantages between asset securitization and other financing methods,and provide financing for other enterprises with financing needs through asset securitization.Learn from experience and inspiration.This article reviews the basic concepts and research status of asset securitization,analyzes the differences between asset securitization and general financing methods from the aspects of financing thresholds,costs,risk control,and financial flexibility,and proposes the factors that determine the success of asset securitization.The standard analyzes the current status of the development of domestic asset securitization and several problems in China's asset securitization,including the lack of innovation in basic assets and non-standard risk assessment,the incomplete credit rating system,and the incomplete information disclosure mechanism.The full text of this thesis closely focuses on the Happy Valley asset securitization project implemented by the case company OCT City,and introduces the overall overview and current status of the Happy Valley Asset Securitization Project officially announced by the OCT Group on December 4,2012.Based on the analysis of the case background and implementation process of OCT Asset Securitization Project,the authors analyzed in-depth the impact of OCT Assets Securitization of OCT City on corporate finances,mainly from costs,capital structure,and related financial indicators.Analyze the financial risks and the impact on the stock price.Analyze the effect of asset securitization on the solvency,profitability,and operational capacity of the company through the financial indicators.Analyze the level of financial risks and trends by establishing a Z-value model.The impact of asset securitization on the stock price is analyzed by observing the trend of stock price changes during the window period.Finally,this paper concludes that the following conclusions: The implementation of asset securitization can reduce OCT Group's financing costs,provide funds for OCT Group's industrial expansion,optimize capital structure,and optimize financial indicators in the short term.The study also found that the impact of the implementation of asset securitization on the financial indicators caused by the enterprise is only a step-by-step improvement of the financial indicator data,not a long-term one.