Research On The Impact Of Supply Chain Financial Asset Securitization On The Finance Of Chinese Enterprises

Supply Chain Financial Asset Securitization has been widely favored by the market because core enterprises play an important role in products,so supply chain financial asset securitization can obtain a higher credit rating.In recent years,various ministries and commissions have issued a series of documents supporting supply chain finance and developing asset securitization.As an innovative financial product,supply chain financial asset securitization can achieve win-win situation in many ways.It is of great significance to promote modern supply chain finance,optimize the allocation of industrial resources,and guide funds to better serve the real economy.In the future,the financial market will further support the real economy,Inclusive Finance is also the key driving force to promote China’s economic and social development strategy.With the gradual improvement of top-level design,the expansion of the supply chain financial asset securitization market will be the general trend.This paper first reviews some relevant policies of supply chain financial asset securitization in China in recent years,then explains the research ideas of this paper,and then describes the actual development of supply chain financial asset securitization in China and the views of scholars at home and abroad on this business.After introducing the basic concepts of supply chain financial asset securitization,describing its participants,core elements,transaction structure and main operation process,this paper makes qualitative analysis and case analysis of supply chain financial asset securitization.Taking the first supply chain financial asset securitization product of Vanke Group as an example,this paper analyzes the influence of supply chain financial asset securitization on the financial situation of enterprises.Then a regression model was established to study the changes of some financial indicators in the period before and after the implementation of supply chain financial asset securitization,and uses supply chain financial asset securitization as an explanatory variable to analyze its impact on the return on net assets,total asset turnover and asset-liability ratio.Finally,it summarizes the research conclusions,discusses the development direction of supply chain financial asset securitization,and puts forward the possibility of future development.