Research on Asset-backed Securitization of PPP Projects
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DOI: 10.25236/iwass.2019.015
Author(s)
Aimin Li, Ding Li
Corresponding Author
Ding Li
Abstract
At the end of 2016, the China Securities Regulatory Commission and the National Development and Reform Commission officially launched asset-backed securities of PPP projects, which to a certain extent eased the difficulties in financing PPP projects and the complexity of social capital exit procedures. In early 2017, China's first asset-backed securities of PPP projects was successfully issued on the Shanghai Stock Exchange, which opened the prelude to China's PPP asset-backed securities. The asset-backed securitization of PPP projects has far-reaching significance for promoting the further healthy and rapid development of China's PPP model. This paper is based on the definition of asset-backed securitization. It expounds the characteristics of asset-backed securitization of PPP projects, the existing problems of asset-backed securitization of PPP projects at the present stage, and puts forward corresponding improvement suggestions.
Keywords
PPP (Public-Private-Partnership); Asset-backed securitization; Risk prevention; Improvement suggestions