Tianjin Financial Exchange Business Development And Mechanism Innovation Research

The transaction of asset securitization and financial assets plays an irreplaceable role in solving the flow of non-standard assets.Prior to the disposal of bad assets of state-owned banks and large-scale enterprises,the property rights trading center was responsible for the disposal of the non-performing assets of state-owned banks and large-scale enterprises.The subsequent specialization of financial assets exchanges was also aimed at specifically addressing the circulation and supervision of the secondary market.Since the establishment of the domestic financial assets exchange,it has obvious regional and individual characteristics.Since its inception,Tianjin Financial Asset Exchange has continuously expanded its business scope,and with the help of its shareholders,it has continuously made innovations in mechanisms and improvements in management,and has achieved remarkable results in its long-term development.In the overall ranking of domestic financial assets exchanges can be ranked third,and in some areas can be regarded as one of the best.Tianjin Financial Asset Exchange is positioned as a national,specialized,independent and open financial asset and financial product trading institution.At the beginning of 2017,it took the lead in responding to the country's call and actively cooperated with CITIC Trust and other companies to establish a PPP asset trading and management platform,providing PPP consulting,bidding,and project supervision and evaluation solutions for local governments at all levels and holding PPP assets.The party provides intermediary services for asset transfer.The third chapter analyzes the development and changes of the Tianjin Financial Asset Exchange,and studies the process of its business expansion and mechanism innovation.The development of Tianjin's financial assets is divided into three phases.The first phase belongs to the subsidiaries of China Great Wall Asset Management Co.,Ltd.which mainly deal with the disposal of non-performing assets.After the reform of state-owned enterprises began to cooperate with many parties,a large number of business expansion.After the stock reform in 2015,the "five in one" system was established.In the course of studying the development and transformation of the Tianjin Financial Asset Exchange,we emphasized the external cause,that is,the policy-oriented nature;and emphasized the internal factors,namely,the shareholder resources owned by the Tianjin Financial Asset Exchange and the changes it has made to improve efficiency and scale.From the background of the establishment of the Tianjin Financial Asset Exchange,the background of the development will analyze the background and necessity of innovation in its business and mechanism,conduct research on its innovative products and transaction models,and point out its limitations and existing problems.Provide correspondingcountermeasures and suggestions for the problem.This article is based on the status of the development of the Tianjin Financial Asset Exchange,and it is of great significance to how to seize the opportunity to carry out business expansion and institutional innovation.At the same time,it can also provide reference for other domestic financial asset exchanges.