Study On The Case In Supply Chain Finance Asset Securitization Of Vanke

Under the background of real estate macro-control,the financing channels of real estate developers are gradually tightening.At present,supply chain financial securitization has become a new financing method for real estate companies.Due to the large number of accounts payable by real estate companies,the introduction of new supply chain financing methods can meet the demand for accounts payable payment.Real estate companies use factoring companies as channels to issue supply chain financial ABS products.Vanke is a leading enterprise in the real estate industry in China.The supply chain financing assets securities product "Ping An-Qianhai Supply Chain Financial No.1 Asset Support Special Plan" with Vanke Enterprise Co.,Ltd.as the core debtor has been issued continuously.At the beginning of this paper,the background research method,research content and literature review are introduced.Then,taking the methods of case analysis,comparative analysis and literature research,this paper introduces the financing methods of financial assets securitization in supply chain,and explains the related concepts,classification and development of financial assets securitization in supply chain.From the design of the transaction structure,the choice of basic assets,the measures of risk isolation,the design of cash flow and income distribution,and the way of credit enhancement,the financing scheme of the securitization of financial assets in the supply chain is introduced one by one.A comprehensive analysis of the securitization of financial assets in the supply chain is made.Taking Ping An Securities-Vanke Supply Chain Financial Assets Support Special Plan No.2 as the research object,this paper introduces its basic situation,analyzes its operation flow,transaction flow management methods,and the choice of investment targets,and how to avoid risks and ensure profits.The paper compares it with other related products,analyzes its advantages and disadvantages,and then analyzes some risks of Ping An Securities-Vanke Supply Chain Financial Assets Support Special Plan No.2.At the end of the paper,some suggestions are given on the risks and some prospects for the financing methods of real estate enterprises in the future.