Research On The Structure Of Enterprise Asset Securitization In Scenic Spots

As a flourishing industry after the 21 st century,the tourism industry has played an important role in promoting China's economic development.In recent years,China's rapid economic growth and the transformation and upgrading of local regional economies have been inseparable from the development of tourism.With the improvement of per capita disposable income,people's pursuit of spiritual level is higher,and China's tourism market has ushered in a new development opportunity.Various tourist attractions urgently need financing in order to adapt to the rapid development of the tourism market.However,due to the huge amount of pre-investment in tourism enterprise projects,the most direct source of income for tourist attractions is ticket income.The time for collecting funds through ticket sales is long,and the operation of tourist attractions is vulnerable to non-human factors such as climate,with many unknowns.risks of.Throughout the development of the past few years,the overall financing channels of the tourism industry are still relatively simple.It is difficult for small and medium-sized tourism enterprises to find suitable financing channels because of their small scale.With the emergence of the innovative financing method of asset securitization,the financing problems in various fields have been alleviated,and asset securitization has not only shown a rapid development trend in the world and even in China.Asset securitization focuses on the future cash flow generated by enterprises and is not limited to the current qualifications of enterprises.Therefore,it is possible to apply asset securitization to tourism scenic spots.This paper studies the transaction structure of enterprise asset securitization in tourism scenic spots through the combination of theoretical analysis and case analysis.Firstly,it combines the financing dilemma of tourism scenic spot and the related theory of enterprise asset securitization to illustrate the feasibility of implementing asset securitization in tourist scenic spots.The necessity is to use the Shandong Underground Grand Canyon Asset Support Plan,which is a typical private IPR listed company,as an example.By introducing the background of the asset support plan and the transaction structure,and analyzing the transaction structure,The asset support plan compares with several successful scenic spot income rights voucher asset support plans,and finds the innovation and deficiencies of the planned transaction structure,and proposes more financing companies with less financial strength in the future.However,there are still major obstacles to the widespread application of asset securitization in tourism financing.The reason is that most of the scenic spots have their own development mechanism,the income sources of small and medium-sized scenic spots are unstable,and the selected basic assets are difficult to reach asset securities.Standard.Therefore,while improving the design of the transaction structure,the support of policies and regulations and the improvement of the scenic spot's own strength are particularly important.