Research On Value Evaluation Of Asset Securitization In PPP Projects

As a new model of government and social capital cooperation,the PPP production and operation model is of great significance for alleviating the financial pressures of the government and public service departments,improving the public service level of the government,and promoting the socialist modernization.However,the PPP model does not solve the financing problem very well.Due to the uncertainty of future income and the incompleteness of the exit mechanism of social capital,despite the government's commitment to provide certain compensation,it is still unable to mention the enthusiasm of social funds to participate in the construction and operation,making Many PPP projects were stranded and caused unnecessary losses to the country and society.As a new financing method,asset securitization of PPP projects emerged.By securitizing PPP project assets,it can attract more social funds to participate in the provision of public services,and solve the financing difficulties of PPP projects.It is The important link to promote the market-oriented operation of public infrastructure projects is a breakthrough in the reform of the new round of investment and financing systems and the reform of the financial system.The relevant state departments have also successively introduced a series of policies to support the development of asset securitization of PPP projects.As a key part of the process of asset securitization of PPP projects,the value assessment of assets is gradually put on the agenda,and scientific and reasonable valuation methods are explored to accurately assess the value of pooled assets,especially the basic assets,in the process of asset securitization.It plays a key role in ensuring the large-scale development of PPP projects and asset securitization.For an asset to be securitized,it must first be accurately valued.The core principle of asset securitization is the cash flow analysis of securitized assets.Asset securitization is actually the securitization of basic asset cash flow.A stable cash flow can be used to evaluate and determine the value of securitized assets backed by basic assets.Accurate evaluation of the underlying asset value is also a prerequisite for asset securitization of PPP projects.This paper selects a special plan for heat-sum-income income and right-to-use assets support for a new type of urbanization PPP project in China Industrial Park of Happiness in China,and combines existing research.It is based on the income approach and uses SPSS and EXCEL software to add VBA data to EXCEL software.Programming and development tools,Monte Carlo simulation of data,reasonable forecasting of cash flows in future periods,in-depth evaluation of value assessment in asset securitization of PPP projects,and providing reference for China's PPP project asset securitization value evaluation to better promote PPP projects The development of its asset securitization and progress.