The Case Study Of Green Supply Chain Finance Asset Securitizaition Of Beijing Capital Company

Green environmental protection industry is an important green industry.With the continuous promotion of ecological civilization construction and the popularity of the concept of green development,the green environmental protection industry has ushered in rapid development.However,in the process of business development,the green environmental protection industry is faced with financing difficulties due to its large financing scale and its own preference for low-cost and efficient financing channels.In recent years,under the background of China’s continuous promotion of the coordinated development of green finance,supply chain finance and asset securitization and the continuous promotion of writing green answers and building ecological highland,the asset securitization of green supply chain finance came into being to help green environmental protection enterprises achieve financial financing.As a new financing tool,green supply chain financial asset securitization is used to serve the green supply chain bargaining power,difficult to obtain external financial support of the core enterprise,through packaging on the basis of real transaction assets accounts receivable creditor’s rights,help the core enterprise in the supply chain,then delay the core enterprise due accounts payable pressure.As a new financial channel,green supply chain finance asset securitization is favored by low interest rate,high efficiency,unlimited financing scale,optimized financial statements and policy dividends.Therefore,in the absence of precedent,Beijing capital company as a leading enterprise in the green environmental protection industry took the lead in launching the first green supply chain financial asset securitization product in China.The securitization product integrates the theories of green finance,supply chain finance and asset securitization,and it is the first application of green asset securitization in the supply chain field.It has the three-green attributes of green basic assets,green capital investment and green issuer,and has a national demonstration significance.The green supply chain led by Beijing capital company covers the first shares as the core enterprises on the chain and the upstream and downstream suppliers and small and medium-sized enterprises of the supply chain as the non-core enterprises with business contacts with the subsidiaries of Beijing capital company.The securitization of green supply chain finance of Beijing capital company realizes the financing of the whole green supply chain enterprises,delays the pressure of accounts payable due as the core enterprises,optimizes the financial statements of the core enterprises,and accelerates the return of funds from non-core enterprises.At the same time,the Beijing capital company green supply chain financial asset securitization has realized the green investment of the whole industry chain funds,expanded the financing channels of green environmental protection enterprises,and realized the double harvest of economic benefits and green benefits of green environmental protection enterprises.This paper firstly reviews the relevant literature of green supply chain finance and asset securitization,and clarifies the research status of green supply chain finance and asset securitization at home and abroad.Secondly,the special plan scheme,distribution background and distribution general situation are briefly introduced.Thirdly,the motivation,scheme and effect of the green supply chain finance asset securitization are analyzed carefully,and then the problems existing in the asset securitization of the green supply chain finance are analyzed and the corresponding solutions are put forward.Finally,on the premise of a detailed analysis of the case of pioneering stock green supply chain financial asset securitization,the research conclusion of this paper is drawn.At the same time,from the perspective of core enterprises,non-core enterprises,other participants in the special plan and policy improvement,the corresponding enlightenment is obtained respectively.