Industrial And Commercial Bank Of China Green Credit Assets Securitization Case Study

The report of the 20 th National Congress of the Communist Party of China in 2022 clearly pointed out that Chinese path to modernization is a modernization in which human beings and nature coexist in harmony.Respecting nature,conforming to nature,and protecting nature are the internal requirements for building a socialist modern country in an all-round way.But the commercial banks provide credit support for green projects,which is an important link in the development of Green Finance.Securitization as a financial market innovation means,combined with green credit assets,can reduce the risk of commercial banks,release more incremental funds,support the development of green industry.Therefore,based on the relevant literature and theories,this paper summarizes the development of green credit Securitization in China,the selected case,“Gongyuanzhiyuan 2021 I green asset backed securities”,is the first green credit Securitization product issued by the Industrial and Commercial Bank of China,it is also the first green automobile installment asset-backed securities of the National Commercial Bank,with a certain typicality.This article uses the literature reading method,the case analysis method and the comparison analysis method to carry on the analysis to the paper: first,to the case choice reason,the release background and this product basic survey has carried on the detailed introduction;This article selects the product foundation assets,the transaction structure,the issue benefit and the cost,the risk analysis four angles to launch the contrast analysis to this case emphatically,finally,it is found that the product not only has a good quality of basic assets but also adds a risk mitigation condition to the product information disclosure.But there are also problems such as insufficient measures to increase confidence,high concentration of assets,unreasonable aging and small scale of products.In the light of these findings,in the end,the Securitization of the bank’s green credit Securitization include improving upgrading measures,diversifying green credit products and enhancing its business capacity.The combination of these three to improve the quality of ICBC green credit asset-backed securities,promote the healthy development of ICBC Green Credit ABS.