Research On The Development Strategy Of Enterprise Asset Securitization In China

Asset securitization is a product at a certain stage of the market economy. As the economic phenomenon of financial deepening, it is not only their own specific forms of financial behavior, but the specific content of innovative financial products and financial instruments. Asset securitization is a certain amount of cash flow arising from amount of discounted assets of the business. the discount raise funds in the form of securities to meet the market needs of different investors. With the help of securitization, we can enhance liquidity, expand the scale of capital, and gains capital on a larger scale.In the Economic life of China, under the traditional financial environment, there is only credit behavior of plan. Since the reform and opening up, China’s economic system achieve the transition to a market economy, enterprise system and financial system changed entirely. The business takes the "maximize the market value of the assets" as a goal constraint. Profitability of existing assets requires business to take advantage of the discount rate of capital markets, to break traditional financing methods, and to open up channels for business development financing. The use of new financial instruments improve the liquidity, expand the scale of capital, and promote capital structure optimization and corporate governance structure optimization.Therefore, in the background of the financial globalization and the rapid development of asset securitization, this article select the asset securitization as a financing tool for a new business to this new perspective, to fully absorb the domestic and foreign enterprise asset securitization of existing research results, enterprise asset securitization in-depth theoretical analysis, introduces the enterprise asset securitization involved in the subject, describes the enterprise asset securitization operation of the process; and in-depth analysis of the implementation of enterprise asset securitization internal and external motivation, including this article enterprise asset securitization financing advantages analysis conducted, pointed enterprise asset securitization financing cost advantages, advantages and benefits Unlike other financing comparative advantage, then the focus of this article analyzes the implementation of enterprise Liaoning big asset securitization which requires internal and external conditions.Recently, the development of asset securitization of China’s financial industry and enterprise asset securitization pilot optimize the construction of China’s financial system and capital markets, at the meantime solving some of the financial needs of banks and companies. Thus, the paper launched a course to practice our enterprise asset securitization financing situation, effects and conducted in-depth research, and make recommendations for the development of enterprise asset securitization in China. First is the status of the development of Chinese enterprise asset securitization analysis, summary of the implementation of enterprise asset securitization course with the current development status, and then analyzes Chinese enterprise asset securitization development characteristics. Secondly, through the "Pu Jian income" special program empirical analysis, application mode and effect analysis of the Chinese enterprise asset securitization financing, such as increased liquidity, improved asset management and other conditions and enhance corporate value. Again, combining the above two parts, researching obstacles in enterprise asset securitization practice existed. Noted that the current environment for enterprise asset securitization-related applications, points out the shortcomings in the legal, accounting, tax, market environment exists.Finally, on the part of the proposed countermeasures, as well as for the Chinese how to better implement the corporate asset securitization, and thus its full effect to proposals for restricting the Chinese enterprise asset securitization smooth progress of factors.