Study On ABS Of Small Loan Asset In China

Small micro enterprise is the main force of China’s economic development and plays an important role in promoting China’s economic restructuring, to ease the employment pressure on the people and maintaining the continuous and steady growth of the national economy. However, the financing difficulties of small and micro enterprises has always been a problem and restricts its development and growth.In order to solve the financing difficulties of small and micro enterprises, in May 2008, the central bank and the CBRC will jointly issued the < a microfinance company pilot guidance >, aimed at establish small loan companies through private capital, specifically for small and micro enterprises to provide financial support. However, the < advice > provisions of small loan companies can not absorb public deposits, and strictly limit the proportion of financing through banking channels, resulting in small loan company lending capacity is greatly constrained.In recent years the rapid development of China’s asset securitization provide a kind of good choice for small loan companies to broaden the financing channels. So, this article attempts to through the "ant micro credit in 2015, the third phase of small loan assets support special plan" specific case to comprehensive analysis China’s small loan company financing through the securities assets.The full text is divided into five parts: the first part is the introduction, which mainly introduces the background and significance of this topic, domestic and foreign research status, research ideas and methods, and the innovation of this paper; the second part is the related concepts and theoretical basis, mainly to define the concept of asset securitization and small loan, and summarize the main theories of asset securitization;the third part is the case presentation, first analyzing the background of the case, discussing the development present situation of our country’s asset securitization and small loan in main points, and then details the specific circumstances of the selection of cases; the fourth part is the key part of the case analysis, respectively of ants in micro credit in the process of asset securitization financing motivation, product pricing, financing effect, asset based feature, risk and risk prevention, promotion mode of in-depth analysis; the fifth part is the conclusion and recommendations, through in-depth study of this case, summarizing the results of research, and to suggest improvements of small loan company assets securitization development.