Design And Study On The Fiinaceing Plan Of Ticket Asset-backed Securities Of The Theme Park Of S Company

Along with the richness of Chinese citizens' spiritual life,tourism industry is seeing a high speed development in China,contributed around 9900 billion RMB for the national GDP in 2018,accounting for 11% of the total figure.There is no doubt that tourism industry plays a significant role in the economic growth.At present,theme park,as a newly aroused tourism destination,is gaining popularity in tourists.However,for the investors and operators,theme parks require huge investment for construction,long time for investment to pay back,and large re-investment for the continuous updating of entertainment facilities.Therefore,a rational and efficient financing is essential to provide enough financial support during the early stage.Asset-backed security(here after referred to as ABS)is a new financial security which takes stable assets as a foundation,and future income as support.It gains financing through releasing asset-support securities.ABS can effectively vitalize illiquid theme park assets by taking future ticket revenues as source of repayment,so that to meet the need of operation and reinvestment during the early stage of theme park operation.This essay,based on the study of theses and theories associated to ABS,take the upcoming theme park of the S company as object of study.Through the establishment of calculate model to design and study the plan of ticket ABS of the theme park.In detail,this essay calculates and designs the financing scale,trade structure,product structure,product rate,product expire date,issue date and the way of credit enhancement of the theme park ABS of S film company.Besides,it also studies the influences on the economic profits of different ABS financing plan,and comprehensively analysis the potential risks and solving measures during the implementation process,thus,providing efficient references and suggestions for the future implementation of ticket ABS of S film company.