Asset Securitization Project Research Of Guangxi Water Conservancy And Electric Power Group

With the rapid increase of urbanization level,the rapid increase of urban population,the improvement of water quality standard and the pressure of emission reduction,urban water needs huge capital investment,and more urgent for urban water facilities investment and financing.Demand,you need to find more funds.Asset securitization is one of the innovative ways of international project financing,and has unique advantages.Based on the analysis of the operation principle,feasibility and difficulty of asset securitization,this paper explores a financing model which is in line with the actual situation of the company,and effectively relieves the company’s assets and liabilities from the asset securitization of Guangxi Water Conservancy and Electric Power Group.In the water facilities construction funds,accelerate the pace of water facilities construction,promote the company in this business rolling development.The first chapter introduces the research background,significance and so on,and summarizes the relevant research at home and abroad,leads to the research ideas of this paper.The second chapter mainly introduces the theory and procedure of asset securitization.The third chapter analyzes the present financing situation of Guangxi Water Conservancy and Electric Power Group,analyzes the shortcomings of the current financing of the company and analyzes the asset securitization Of the feasibility of the analysis.The fourth chapter will study Guangxi water conservancy electricity industry group water project asset securitization financing mode and operation practice.The main contents include: project asset-backed securities SPV selection,asset pool formation,securities product design,product pricing,credit enhancement and rating,operating results prediction.The fifth chapter analyzes the financing risk and risk control of asset securitization of Guangxi Water Resources Group.The main contents include the general risks in the process of asset securitization,the possible cost control risks in the construction period and the operational risks in the operation period,and put forward the control measures to avoid these risks.Chapter 6 summarizes the main conclusions of this paper,and prospects for the future development of corporate asset securitization.