The Financing Scheme Design Of H Bus Company’s Operating Fee Income Right Asset Securitization

With the increasingly serious environmental and resource problems,the Chinese government has begun to attach importance to and emphasize the concept of green development in recent years,and gradually promote the construction of green financial system.Among them,green asset securitization products,as a kind of green bonds,are recognized and supported by many parties,and the market scale is increasing year by year.Public transportation has always been an important link in people’s life.Urban public transportation also plays a vital role in realizing green environmental protection and sustainable development.However,the public transport industry is naturally characterized by public welfare,which makes a considerable number of bus companies at a loss for a long time,and in order to better serve the public transportation industry,the public transport industry need to continuously update the construction of urban rail transit facilities.Bus companies rely on government subsidies to maintain normal operation,it is necessary to change the mode of public transport industry is also actively seeking new financing model.Based on H bus company of state-owned enterprises as the research object,considering the bus operating fee income right have natural advantages to carry out the green asset securitization,through to securitize the operating fee income right which can expectedly produce a stable cash flow,can achieve from financial markets to absorb the financing effect of social capital,Design the financing scheme of green asset securitization of H bus Company.This article studies the operation process and theoretical basis of asset securitization,and designs specific financing schemes of asset securitization based on the operation and financial status of H Bus Company and the necessity and feasibility analysis of carrying out green asset securitization.Screening the public transportation charging rights owned by H Bus Company as the basic asset,predict the future cash flow of the basic asset fund pool under various circumstances,design a reasonable transaction structure through credit enhancement and risk isolation,and propose possible risks and risks in the operation of the scheme.The response measures,supplemented by internal and external safeguard measures,will escort the asset securitization financing plan.The scheme can broaden the financing channels of H bus company,meet its financing needs with lower financing costs,and at the same time expect to provide reference value for other similar enterprises to innovate financing paths.