The Positioning Research Of Huahong Asset Securitization Business

The asset securitization has the advantages that bank accommodation and enterprise bond don't have, which provide a new sort of the financing way for city construction, as well as bring a new business opportunity of stable development to securities companies.This text tries to explore a new profit growth point and development trend of asset securitization for Huahong Asset Securitization Business and make a prospective study on it expecting to build a asset securitization operational platform with minimum risk and double win situation between the large shareholders' investment impulse of postal savings capital and fund demand for the infrastructure construction of Xi'an urban.Firstly, this text analyzes the feasibilities of developing Asset Securitization Business in Huahong through judging internal factors and the external environment. On this basis, the oriental selecting rules of Huahong Asset Securitization Business are put forward. Huahong has lots of advantages, such as long history, less burden, rich human resources, nice financial index and the large shareholders' great capital strength. But at the same time, Huahong has the disadvantages of low competition in the same industry and less experience on innovation of securities business. Analyzed by SWOT, this text adopts concentrated differential selection of orientation tactics, avoiding Huahong's competitive disadvantage in industry and making use of the other advantages to develop postal savings financial assets securitization product of postal savings by concentrating all of the force in Xi'an area. Secondly, by using the theory of assets securitization, this paper analyzes three sorts of assets securitization in market comparatively and studies the connecting points between the feature of Huahong Asset Securitization Business itself and the required conditions in asset securitization product market. Based on these and combined the required features of asset securitization product with matched,applicable and feasible positioning selecting rules. And at the end, asset securitization operated by securities is choosed, which develops asset securitization business in city transport infrastructure area by applying SAMP plan.Meanwhile, implementation measures are put forward after business positioning, including: measures of achieving the standard of business management and other relative measures, design structure of organization after innovation and changes,and new policy on human resources. After comparative studies on two patterns of assets securitization, he author believes that trust pattern is the feasible operation model according to present law framework of our country , and designs the basic flow chart of Securitization of urban infrastructure fee collection.This paper designs profit mode of Huahong Asset Securitization Business and points out the risk-control and other exiting problems in business. At last, some law system problems on accounting and tax needed to be further discussed are given.The text points the direction that Huahong securities carries on the asset securitization business and provides enforcement as well as model design of it. The experience in this article can be drawn on by the other securities company.