Research On The Development Of Asset Securitization Business Of C Securities Company

Along with tighter regulations,traditional financing methods of equity and debt can hardly meet the financing needs of companies.Asset-backed securitization(ABS)provides a new financing channel for corporates through selling the specified assets to general investors.ABS refers to the process that enterprises enhance their credits by structured design and issue securities with the support of the cash flow of assets or expected future assets.Compared with traditional equity and debt financing,ABS provides significant advantages to loan originators,including keeping holding their stakes,decreasing liabilities,lowering financing costs and unlimited using of funds.The emergence and development of ABS not only offers enterprises a new way of financing,but also brings new business opportunities to securities companies.Based on this background,this article takes the ABS development of C securities company as a research subject,analyzing it's current situation and discussing the direction and new profit point of securitization business.It expects C securities company explore a development strategy for its own asset-backed security business under the double challenges of horizontal competition and strict regulation.First of all,through the analysis of the current situation and growing trend of ABS,it can be seen that corporate ABS is the main trend of the future development of ABS,and securities companies are playing an more and more important role in corporate ABS.Second,the SWOT analysis is adopted in the internal and external environment of the C securities company.This paper analyzes and discovers: C securities company has strong advantages of well-capitalized from shareholders,experiences in product distribution,and internal resources sharing within the group.On the other hand,it's disadvantages can not be ignored,such as poor industry influence and competitiveness,few project channels,and lake of fund.In the corporate ABS market,C securities company has a lot of arbitrage and financing opportunities,and it also faces threats such as strict regulation and low penetration.Combined with the advantages and disadvantages of C Securities Company,its ABS development strategy has been come to a conclusion under the analysis of the external environment.The conclusion is that C Securitis Company should concentrate resources to develop its comparative advantage projects.On the project side,it is supposed to increase the effort to purchase basic assets and take business chances by making good use of the Group's internal resources.On the fund side,it should enhance to match internal funds of the Group,increase the operation of self-supported funds,and introduce other funds from the society to participate ABS.In terms of the company's business supporting capabilities,it is also supposed to improve its business standards and processes,strengthen personnel training and get support from company.Finally,It is the conclusions and prospectation.