Research On Risk Evaluation Of Gerrn Asset Securitization

In the current era of high demand and fierce competition for financing in the new energy vehicle industry,green asset securitization has become one of the important financing tools for the development of the new energy vehicle industry.It can expand the source of funds while producing a green effect.More and more auto finance companies are using green asset securitization to achieve off-balance-sheet financing.However,with the increasing attention of investors to the green asset securitization market in China,the continuous increase in the variety of financial derivatives,and the complexity of its funding sources,the controllability of risks in the green asset securitization market has gradually decreased.Therefore,this paper aims to identify the risk factors that have a significant impact on the green asset securitization project of new energy vehicle loans and conduct a comprehensive risk evaluation of the project.This paper puts forward targeted suggestions for decision-making and risk management of similar innovative green financial tools,so as to promote the orderly and healthy development of the green asset securitization market.This paper evaluates the risks of green asset securitization by using the Shengg Shi Rong Di 2021-2 issued by BYD Auto Finance as an example.Firstly,by studying the literature,the paper clarifies the issuing motives,effects,and possible risk points of green asset securitization.Secondly,analysis is conducted based on four aspects,including the basic situation of the case company,project implementation plan,issuing motives,and effects.Thirdly,risk identification is carried out,and the fuzzy comprehensive evaluation method is used to analyze the risks of this green asset securitization product.Finally,the high-risk focus points of BYD’s Sheng Shi Rong Di 2021-2 are summarized,and the evaluation results are analyzed.The purpose of this paper is to comprehensively evaluate the risks of green asset securitization,and systematically analyze the possible risk points of green asset securitization using the Sheng Shi Rong Di 2021-2 as an example issued by BYD Auto Finance.Corresponding risk prevention and control measures are proposed.By combining theoretical analysis and case analysis,this paper provides practical reference for investors and issuers of green asset securitization products.Based on the actual situation of BYD Auto Finance,this paper constructs a risk evaluation system for green asset securitization,and proposes risk prevention measures based on the evaluation results.For the issuer,reasonable credit enhancement measures should be adopted to reduce the concentration of underlying assets,and multiple rating agencies should be involved.For the government,information disclosure should be improved through top-level design,market liquidity should be increased,and a sound green bond index should be established to promote the healthy development of the green bond market.This paper aims to provide practical guidance for the risk prevention and control of green asset securitization based on the case of BYD Auto Finance.A risk evaluation system for green asset securitization is constructed,which includes measures for credit enhancement,diversification of rating agencies,and government support for information disclosure,market liquidity,and the establishment of a green bond index.The proposed measures are based on theoretical analysis and case analysis,and provide practical reference for issuers,investors,and regulators in the green asset securitization market.