KM City State-owned Assets Management Company Asset Securitization Scheme Design

Since 2015,our country has introduced records,registration system,pilot scale expansion,such as policy,perfect the port of Shanghai,the new three board,and other securities trading market,making the Shanghai Aaron,such as Shenzhen and Hong Kong markets,especially in October 1,2016,we will officially join the SDR,enable asset securitization market in China to achieve rapid development,market issue increasingly normalized scale continuous growth,liquidity improved significantly,innovation,continuously enrich underlying asset types,and form kinds of underlying asset products,market participation main body type is more diverse,more rich product structure design.In China's economic transformation and upgrading,to production,will leverage the complex environment,asset securitization is activating stock assets,the important tool of improving the efficiency of capital allocation,and financial enterprises and entity enterprise transformation development effective choice.KM city state-owned assets management co.,LTD.,affiliated with KM city state-owned assets management oversight committee leadership,is the city inside road parking management platform company,to conduct business has: bridge and tunnel custody,urban greening custody and inside road parking management,property management,leasing business,invest in the construction and management of the business are: public housing and the farmer's market,road parking garages in intelligent charging system,construction of urban parking guidance system,parking equipment and management,advertising,etc.Due to market factors and development trends of their own,by the delay in growth mode cannot meet the needs of their business to expand,be badly in need of the new financing channels,to provide funds,to achieve leapfrog development.Asset securitization is now more mature financing means,and has the advantages of reducing the financing cost,improve the efficiencyof financing,more and more be taken seriously.In this paper,the KM within the city state-owned assets management co.,LTD.Using the road parking garages asset management business as the basis,analyze the necessity of asset securitization,this paper analyzes theoretically the possibility of securitization,and according to the actual situation,the SPC,corporate debt trust,financial leasing trust and securitization of bank financing and gains trust combination scheme is analyzed,based on the difficulty of bankruptcy isolation,policy,cost and uncertainty index comprehensive evaluation,it is concluded that two kinds of schemes satisfy the KM,the needs of the securitization of state-owned asset management,project,to ensure a good release effect,on the basis of to reduce the cost.At the same time,this paper through to KM,securitization of state-owned asset management,project design,analysis,preliminary determine priority scheme,puts forward some safeguard measures related;Also for the same type of company asset securitization provides certain reference and reference.