Research On Credit Asset Securitization Of China's Auto Finance Company

With the continuous and stable economy of our country,the living standard of the residents is increasing,the consumption concept is gradually upgrading,and the consumer credit has been paid more and more attention and development..More and more consumers are beginning to consider the mode of loan purchase,and the auto finance company has got an unprecedented development opportunity.However,auto finance companies need more financial support to compete with many other automotive financial entities in the expanding auto market,while traditional financing methods have been unable to meet the capital needs of China's auto finance companies.As a kind of innovative financing method with higher agreement with automobile financial companies,asset securitization has a great value in industry development.Now the domestic auto finance company has introduced the corresponding credit asset securitization products,to some extent alleviated the company's financing pressure.However,the credit asset securitization is to be popularized in the auto financial industry,and it is still urgent to solve the multiple restrictions and problems.It is worth studying in the academic circle.Therefore,this paper chooses the two period of “2017 Rong Teng”as the typical case of car mortgage asset securitization products on the research object,in the present situation introduces the related theory of credit asset securitization and the development,to the basic situation of the case as the breakthrough point,analyzes the originator for motivation of this product,and combined with the research the case of rich data,through into the pool of assets quality and loan management process,risk mitigation measures,transaction structure design and multi transaction benefit four aspects,exploring the "2017 Rong Teng" phase II of the successful experience.Finally,this paper puts forward some suggestions on the sustainable development of securitization of credit assets of China's auto finance company through some problems reflected in this product,including strengthening pre-loan audit and post-loan management,optimizing stratified design,optimizing transaction structure,Strengthen securities promotion measures,improve laws and regulations.