On The Asset Securitization In Zhejiang SME Financing

This article first reviewed the domestic and international Asset-Backed Securitization research results related to the theory, introduced the development of Asset. Backed Securitization and related principles of the status, through the financing of China’s SMEs features and the plight of in. depth analysis of Asset. Backed Securitization is to ease the financing of SMEs the plight of new ideas, and further analysis of necessity and feasibility of the implementation of Chinese SMEs Asset-Backed Securitization financing.This paper focuses on the operation process of our SMEs ABS, from the choice of the basic assets, SPV establishment, related services by credit rating agencies, based on asset pricing and risk prevention and other aspects of the implementation details for our country to explore the SMEs financing mode of operation.This paper studies Ali-SME Loan asset securitization transaction structure case, the basis for the choice of assets, SPV establishment and securities by the rating level and risk prevention, such as in-depth analysis, to verify our SME Asset-Backed Securitization financing operation mode.Finally, the existence of the current legal, tax and accounting system for SMEs in China, restrict the successful implementation of Asset-Backed Securitization, the end of the implementation of China’s SMEs ABS. related countermeasures and suggestions.