Internet Consumer Finance Asset Securitization Study

With the rapid spread and development of the Internet in China,the Internet economy has become more and more important to the national economy.In the economic life,the fields involved are becoming more and more extensive.The emerging Internet companies represented by Ali,Tencent and Baidu are fast.Development,these companies not only created great value for themselves,but also changed people’s lives and changed the economic development model.Among them,a group of Internet companies such as Ali and Jingdong rely on their own platform advantages to provide customers with Internet consumer financial services by means of big data and data mining.These Internet consumer finance companies have formed a large number of financial assets that are smallly dispersed but have good repayability.These assets are less liquid,but the credit rating is high and the total scale is large,which makes many platforms have a huge Financing needs.Under the huge financing needs of such emerging Internet finance companies,traditional financial institutions and financial markets cannot satisfy this demand because of their limitations.Therefore,a new financing method for Internet consumer finance companies has developed.stand up.Internet consumer financial asset securitization is an innovative asset securitization model developed in China in recent years.Although its essence is still an asset securitization tool,it has its own unique product characteristics,structure and innovation.It is these differences from traditional financing methods that make it more responsive to the financing needs of emerging Internet consumer finance companies.This paper first introduces the background of the development of Internet consumer finance and asset securitization in today’s economic form,and introduces the important concepts based on the theory of information asymmetry and principal-agent in asset securitization and Internet consumer finance.And the process,and according to the introduction of Internet consumer financial asset securitization and traditional asset securitization,analyze the differences between the two in terms of basic assets,distribution operations,etc.,highlighting the characteristics of Internet consumer finance.The basic assets of Internet consumer finance have the characteristics of small amount and high frequency.The use of cyclical purchase in the transaction structure effectively solves the problem of mismatch between asset securitization period and original asset maturity.It is precisely because its basic assets have such characteristics,so the securities securitized securities adopt the storage shelf issuance method,and the multiple approvals are issued once,which facilitates the issue of multi-batch securities,simplifies the issuance operation and process,and improves the issuance effectiveness.Internet consumer finance companies use big data and data mining technology to analyze and shape the risk control system of comprehensive credit evaluation,make full use of their own data advantages,and effectively reduce the risk of default.Secondly,it expounds the background and current situation of China’s Internet consumer financial asset securitization development,and analyzes its characteristics in the process of risk control,market construction,laws and regulations and credit rating.Then,with the case of Internet consumer financial asset securitization such as “ant flower” as a support,it fully demonstrates the development history and development status of China’s Internet financial asset securitization,as well as product design,distribution,transaction structure,operational process,and credit enhancement.And measures such as risk prevention,summed up the problems of imperfect risk control system and relatively backward laws and regulations in the current Internet consumer financial asset securitization market in China.And according to the problems raised,the specific improvement measures and suggestions are given,that is,the products are designed according to the characteristics of Internet consumer finance,the products are more suitable for the basic assets,the information sharing platform is established,the risk events are better prevented,and the asset pool is improved.Manage and use a targeted pricing and rating process to optimize the product’s internal operations.