Research On Green Asset Securitization Program For Waste Electrical And Electronic Products Disposal Of Company S

Since 2015,the state has actively promoted the development of green asset securitization products.The waste electrical and electronic products recycling and processing industry,as an important part of China’s green recycling economy,has played a positive role in alleviating resource constraints,reducing environmental pollution,promoting employment,and improving people’s livelihood.According to the Regulations on the Administration of the Recycling of Waste Electrical and Electronic Products(Order No.551 of the State Council of the People’s Republic of China)and the Administrative Measures for the Collection and Use of Waste Electrical and Electronic Products Processing Funds(Cai Zong [2012] No.34),the State establishes waste electrical and electronic product processing fund,and issues subsidies for the recycling of waste electrical and electronic products to enterprises included in the list of fund subsidies.This paper systematically combs the relevant theories and research results of asset securitization and green bonds at home and abroad,analyzes the current situation of green asset securitization in China,and studies the dilemma faced by green enterprises in financing at this stage,and proposes the use of innovative financial tool green asset securitization to solve this financing problem,summed up the key points of green asset securitization design implementation.From different levels of systemic demonstration,the green asset securitization financing plan for S company’s waste electrical and electronic products disposal was designed,including: overall idea design,specific financing plan design,green asset securitization evaluation and program implementation process design,and analyzed the core risks of the program.,put forward specific preventive measures,can effectively guarantee the implementation of S company’s green asset securitization financing plan.The green asset securitization plan for S company’s waste electrical and electronic products disposal proposed by this paper,adopts the double SPV transaction structure of the asset support special plan nested fund trust,and the central fund subsidy enjoyed by the company’s subordinate waste electrical and electronic products dismantling enterprises.The model builds the underlying asset pool with a certain degree of typicality and complexity.Through the design research of this program,it can supplement the existing research on green asset securitization,and provide reference for other green enterprises to design asset securitization financing schemes,which will help alleviate the financing dilemma of green environmental protection enterprises and help investors to carry out diversified investment choices to promote the maturity of the green bond market.