Research On The Asset Securitization Design Of The Public Transportation Company In G City

China's urban public transport companies have assumed enormous pressure on residents' travel.There are redundant organizations and personnel,and there are many affiliated companies involved.The demand for funds is more than that of the general industry.At the same time,urban public transport companies are implementing government pricing,market costs,and corporate losses.The financing situation is severe.Traditional financing methods such as bank loans have been unable to meet the funding needs of public transport companies,and government revenues for fiscal subsidies have also shrunk.Finding new financing channels has become a new demand for financing for public transport companies.The study of this paper attempts to enrich the theory of asset securitization to a certain extent by the specific case of asset securitization combined with the G city bus company,and proposes new financing methods to broaden the financing of urban public transport companies.We hope to bring new financing methods to G City and provide new ideas for the financing of local companies.The research method of this paper is mainly the case study method,which uses a single case study method to study the asset securitization of urban public transport companies.This article begins with the evolution of the theory of asset securitization.From the beginning of asset securitization in the United States in the 1970 s,asset securitization has been studied in depth in the United States and European countries.Comparatively speaking,China's research on asset securitization began in the 1990 s.Although it started late,it has conducted a lot of research on asset securitization and the integration of China's specific national conditions,especially with various industries in China.It is on the basis of these studies that the author believes that asset securitization can solve the financing problems of public transport companies.After systematically expounding the basic theory of asset securitization,the article analyzes the current state of affairs of the G city bus company.The analysis shows that traditional financing methods can no longer solve the financing problems of G bus companies.The G city bus company has stable cash inflows(ticket income rights)that are not affected by other unfavorable factors.Therefore,it can consider the use of asset securitization to finance.Based on the analysis of the 2012-2016 report data of the G Bus Company,the feasibility of the G city bus company asset securitization project was studied,and the G city bus company asset securitization project was designed.This paper designs the financing methods of urban public transport companies,resolves the financing problems,and finally achieves new financing for urban public transport companies.Through the design of the asset securitization scheme for the G Bus Company,it hopes to provide new financing ideas for other urban public transport companies,improve their financing capabilities,and solve business difficulties.At the end of the article,we summarize the deficiencies in the study of this article.We believe that future research can be conducted in the direction of risk monitoring after the listing of the project and the review of the regulatory authorities.Due to the limited capacity of the project,the article must have many unsatisfactory places.I hope the teacher Experts criticized and corrected..The innovation of this article lies in the scope of the study.Through the review,research and study of literature and data,past scholars' research on asset securitization was once a hot topic in the theoretical community.Product innovation and risk management for asset securitization were the key points after the financial crisis broke out.There are many researches on the integration of securitization and various industries,but there is relatively little research on the public transportation industry,especially on the analysis and design of a listing of asset securitization for a specific bus company.