| The rapid growth of the financial sector has met the enormous financial needs of China’s small and medium-sized enterprises.But the growth of contract employment stimulated the growth of consumption and investment,strengthened the morale of the market and greatly strengthened the growth of the real economy of China.At the same time,however,the financial rental industry itself is facing financial difficulties.Therefore,there is an urgent need for a new financial approach to ensure its sustainable and sustainable growth.It is expected that the emergence of a securitization business will help the financial leasing sector cope with financial difficulties.Studying the economic implications of asset securitization allows businesses to balance and accurately use asset security tools.Real estate,which underlies asset securitization,requires steady cash flow.Leasehold rights are of that nature.It provides a huge advantage to the medium.Compared to traditional financing methods,asset-backed securities companies have lower credit ratings requirements and use low capital expenditures.This,of course,is a new avenue for businesses with a lower theme credit rating.In recent years,public financial rents have consistently increased its support for the safety of its assets,with significant potential for future growth.Based on this article,this article welcomes Haitong Hengxin as an example of research material.As one of the 25 financial leasing companies listed,Haitong Hengxin has rapidly developed and expanded its total assets since listing on the Hong Kong Stock Exchange in June 2019 and is the new member of the "100 billion Club" to be leased in 2020.His performance in the capital securitisation market has also come under the spotlight.By the end of 2021,Haitong Hengxin had issued a total of 56 enterprise asset securitization products,with a total issuance scale of 60.751 billion yuan.This article focuses on the economic implications of asset security and analyzes them consistently on four factors: cost impact,risk outcomes,economic impact,and financial indicators.using CAMELS rating,economic added value and other methods,it eventually concluded that the implementation of Haitong Hengxin’s asset securitization had some cost advantages,and that the funds raised had prompted the industry to grow rapidly,but at the same time the performance of financial indicators related to debt relief and operational capacity is not good,there are some financial risks.and there are certain financial risks,although the net profit is increasing,but the wealth brought to shareholders is relatively limited.Finally,corresponding opinions are given on how to rationally use asset securitization to provide experience for other companies in the industry in asset securitization. |
