Research On The Application Of Asset-backed Bills In The Field Of Urban Public Infrastructure

At this stage,China regards urban public infrastructure construction as an important means to enhance people's livelihood and welfare.With the continuous evolution of the investment and financing environment for urban public infrastructure construction,the mode of cooperation between the government and social capital has become the main guiding direction of the policy.When corporate capital enters the urban public infrastructure sector,it will inevitably be used for a large amount of capital.Under this circumstance,private enterprises in the PPP model gradually explored the issue of Assets-backed Notes in the inter-bank bond market to solve the problem of real-life stock assets and speed up the recovery of funds.This paper takes the North Control Water Green Assets Support Bill as the research object.Through in-depth study of the case's basic assets,transaction structure,securitization process and green features,it finds its unique characteristics in the bill design process,which is the asset support.The reference standard for the application of bills in the field of public infrastructure;by analyzing the characteristics and financing advantages of green financing projects due to “green”,it is good for asset-intensive “green-related” enterprises to enter the capital market financing through asset-backed notes.Demonstration;by analyzing the underlying assets of the financing project,the principal situation and the cash flow,it can provide the financing enterprise in the public infrastructure field with the criteria for assessing its own strength;finally,by analyzing the internal risk control and external risk of the case paper Focus on giving advice on risk prevention.According to the thinking of the text,the full text is mainly divided into five parts,the first part is the introduction part,including the research background and related research summary of this article,the innovation and deficiency of this paper.The second part is the case introduction.The selected case in this article is “Beikong Water Green Asset Support Bill”,which introduces its development overview,historical evolution and the status quo of related content since its release.The third part is the case analysis.It analyzes the case from the basic assets of the case,the cash flow,the financial status of the client and the risk,and refines the content that is worth learning,especially the means and means to solve the problem.The final part is todraw conclusions after analyzing the case and look forward to the future development of asset-backed bill financing in the public infrastructure sector.The study finds that in the context of the current macroeconomic policy regulation and the deepening of the market research on green finance,non-financial enterprises,especially “green-related enterprises”,want to enter the urban public infrastructure construction field by using “PPP+ Assets-backed Notes”.The financing of the model can reduce financing costs,improve investment returns,overcome industry capital constraints and reduce investment downside risks.However,the use of financial innovation tools is bound to make new demands on the market,and relevant entities should constantly update and improve new risk prevention measures to jointly maintain market stability.