Research On The Motivation And Effect Of Green Asset—backed Securitization Of Jinfeng Technology Co.,Ltd

Fully,accurately and comprehensively implement the new development concept,continuously,deeply and firmly promote the construction of ecological civilization,and achieve the strategic goal of "reaching the peak of carbon in 2030 and carbon neutralization in 2060".Energy is the main position and electric power is the vanguard.Actively promoting the development of clean energy is to seize the strategic highland.Green finance can accurately and effectively play the coordinating role of financial instruments,give consideration to environmental protection demands and economic interests,and promote the construction of a green,low-carbon,circular and energy-saving environment-friendly economic system.Under the background of continuous improvement of green financial system and mechanism,continuous innovation of green financial products and continuous improvement of green financial business level,green asset securitization,as an innovative green financing tool,has multiple advantages such as accurately supporting green industry,matching long-term capital demand and reducing financing cost,and has broad development prospects.As the first green asset securitization product of "wind power charging usufruct" in Shanghai Stock Exchange,Jinfeng technology green asset securitization has not only attached a "green label" to Jinfeng technology,but also become a benchmark for China’s wind power enterprises to use green asset securitization financing.Through the analysis of the motivation and effect of financing enterprises issuing green asset securitization in this case,this paper summarizes its impact on financing enterprises,and tries to provide some reference ideas for other enterprises to use this financing tool.On the basis of combing the previous scholars’ definition of green finance and the relevant theoretical research on the necessity of developing green finance,the motivation and effect of asset securitization issuance,and the motivation and effect of green asset securitization issuance,this paper adopts the case study method and starts from the specific financing practice of Jinfeng technology’s green asset securitization.Firstly,it introduces the basic assets,transaction structure Credit enhancement and green certification.Secondly,it puts forward the four motivations of promoting the development of green asset financing environment and the use of green capital in combination with the background of green capital financing.Secondly,it tries to give full play to the enterprise’s own asset financing environment and the use of green capital financing.Then,it measures the effect of Jinfeng technology’s green asset securitization from four aspects: the impact on the financing effect,the operation status,the green reputation and the enterprise value.Finally,based on the above research on the green asset securitization of Jinfeng,it is concluded that in addition to meeting the financing needs of enterprises with low cost and high efficiency,giving full play to their "green" advantages,trying to shape green reputation for enterprises and promoting the promotion of enterprise value are also its important motivation;In addition to obtaining low-cost financing,improving liquidity and changing the debt maturity structure,Jinfeng’s green asset securitization also gave full play to its own effectiveness of green asset securitization issuance conditions and the environmental benefits generated by wind power projects,which created a green reputation for the enterprise,"first " and "green" labels,won high exposure for the enterprise,won the attention of investors,and improved the short-term stock price Green projects produce environmental benefits and fulfill social responsibilities,which are conducive to enhance the long-term value of enterprises,At the same time,it summarizes the experience of green asset securitization financing for green industry related enterprises.