Research On The Motivation,Effect And Risk Of Enterprise'sissuance Of Green Asset-backed Securities

Under the background of the rapid development of China's green finance and asset securitization,green asset-backed securities have become a new way for many green industries to finance.Therefore,studying this topic has a strong practical significance.This paper selects the special plan of Green Asset Support Securities of Tread,which is the first green asset securitization product in the field of new energy vehicle charging business and first green asset securitization product certified by the Shenzhen Stock Exchange,as the research contentFirstly,this paper analyzes the status quo of green asset-backed securities,the status quo of new energy vehicle charging pile industry,asset-backed securities financing mode and core links.Through research,it is concluded that the company's issuance of green asset-backed securities is mainly for expanding financing channels,optimizing capital structure,improving asset liquidity and accelerating project construction,coupled with policy encouragement and support.The issuance of asset-backed securities has enabled the company to improve asset liquidity,stabilize asset-liability ratio and accelerate the ecological construction of the charging network.It has also played a role in investors and society,but also has self-retaining subordinated securities.Risk,cyclic purchase risk,capital use risk,off-balance sheet financing risk and other risks.Finally,the author puts forward corresponding suggestions.I hope this paper can provide reference for the new energy auto industry and other green industry related enterprises to expand financing channels through asset securitization.