The Current Situation And Risk Analysis Of Internet Consumer Financial Assets Securitization

With the continuous rise and development of China's Internet financial companies in recent years,many internet platforms have begun to embrace the field of Internet consumer finance,resulting in a large number of decentralized and relatively stable future accounts receivables.This part of the assets has have strong liquidity of companies,to a certain extent that hindered the development and profitability of enterprises,and the Internet financial platforms are all in the early stages of development,with relatively few financing channels and higher costs.Therefore,these Internet consumer finance companies began to seek ways to activate this part of the assets in the capital market and solve their financing difficulties,so as to increase the profitability of enterprises and also improve the company's balance sheet,making it difficult for enterprises to implement asset securitization.The long-term assets that are circulated become cash assets and reduce the proportion of long-term assets on path that combines internet consumer finance and asset securitization.This would help Internet finance companies improve their operational efficiency.From an investor's point of view,since asset securitization products are mainly issued for institutional investors,institutional investors have strict and critical quality requirements for assets.Generally speaking,the richer the underlying assets and the more dispersed the risks,the more suitable the basic assets for asset securitization.From this point of view,the small-spread asset nature of Internet consumer finance is more attractive to institutional investors.This thesis focuses on the analysis and research of the Internet consumer finance of the e-commerce platform,and the necessity of the Internet consumer financial companies to carry out asset securitization through the status quo of Internet consumer finance and its asset securitization.At the same time,it proposes that the Internet consumer financial companies after asset securitization Possible risk points,such as: lack of accurate personal credit information;raw rights holders have greater uncertainty in their ability to continue operations;consumer loan products with high leverage,relatively high risk and default risk of borrowers lead to future cash flow with the risk of a collapse,these may lead to the risk of the undermining the assets.This article takes the "Debon Securities Ant Co.,Ltd.Asset Management Plan for 2017" as an example.Through this plan,Ant's Small Loan achieved rapid return of funds and re-lending,and its business scale has also achieved rapid expansion.Through the introduction of important assets such as the basic assets,transaction structure,and operation methods of assets securitization,and their possible risks,they also propose solutions to their potential risks.The development of China's Internet consumer financial asset securitization is in its infancy,and it is intended to provide suggestions for the development of asset securitization for China's Internet consumer finance companies.This thesis takes the current status of internet consumer financial asset securitization as an entry point,systematically analyzes the possible risks of asset securitization by Internet finance companies,and proposes that the issue of individual credit information should be expedited and the supervision over internet consumer financial companies should be improved.Strictly control the leverage ratio of internet finance companies,conduct a strict review before lending,and establish a sound risk management a control mechanism for established consumer borrowings.