Research On The Application Of Green Asset Securitization In The New Energy Vehicle Industr

In September 2020,China clearly put forward the environmental protection goal of "carbon peaking and carbon neutrality",and under the national strategic deployment,multi-sector linkage continues to promote the high-quality development of the financial system to serve the real economy.At present,China is actively promoting the application of adjusting the energy structure,the policies introduced by the state to support the new energy green industry is significant,in the boom of new energy development,the new energy automobile industry uses the innovative model of "new energy + green finance",and the financing model of green asset securitization meets the industrial needs of asset securitization and green development.The "green" attribute is attached to the product advantages of securitization,the concept of green environmental protection is integrated into financial transactions,the needs of the environmental protection industry are supported by the financing and development of construction,major national policies are supported,a comprehensive environmental protection financial system is formed,and the long-term development of green and lowcarbon enterprises and the smooth promotion of the goal of dual carbon are promoted.Based on the current situation of Chinese government’s financial support and industrial financing,combined with the implementation of green asset securitization and policy research companies’ motivation and characteristics of green asset securitization financing,this paper takes the "Shengshi Rongdi 2nd Personal Vehicle Green Loan Asset-backed Securities Company in 2021" launched by BYD Auto Finance as a specific example.First,further research will be made on the preliminary development status of this green asset securitization,which will be divided into the following aspects: the participating institutions of the special asset-backed plan,product scale design,basic asset composition,credit enhancement and other design contents and project fundraising;Then,through the analysis of the recovery and allocation of cash flow of the special plan and the future cash flow expectation of the special plan,based on the early repayment risk,credit risk,liquidity risk and other related risks of personal loan securitization,the risks faced in the implementation of the whole case are analyzed,and corresponding preventive measures are proposed from the product design level and the external level.Finally,the issuance of this green assetbacked plan is summarized and summarized,and the successful issuance of this green asset securitization product can be used in terms of international rating,stable cash flow and low risk of asset concentration.It also puts forward suggestions for improving the product in terms of real asset sale,bankruptcy isolation,product layering design,etc.Based on green asset securitization,it has a variety of financing advantages,which can play a role in interconnection with the characteristics of green industries,and continuously promote innovation in financing,so as to lead the healthy and sustainable development of green industries such as new energy vehicles.