1. Securitization of physical assets: that is, the transformation of physical assets into securities assets is a process of issuing securities and listing them on the basis of physical assets and intangible assets.
2. Securitization of credit assets: reorganize a group of credit assets with poor liquidity such as bank loans and enterprise accounts receivable to form an asset pool, so that the cash flow income generated by this group of assets is relatively stable and is expected to remain stable in the future, and provide corresponding credit guarantees. On this basis, the income right of the future cash flow generated by this group of assets will be converted into high-credit bond securities that can be issued in the financial market.
3. Securitization of securities assets: that is, the re-securitization process of securities assets, that is, securities or portfolio of securities are used as the basic assets, and then securities are issued based on the cash flow generated by them or variables related to cash flow.
4. Securitization of cash assets: refers to the process that cash holders convert cash into securities through investment.
In a narrow sense, asset securitization refers to credit asset securitization. According to the different types of securitization assets, credit asset securitization can be divided into mortgage-backed securitization (MBS) and asset-backed securitization (ABS).
Securities are the general name of all kinds of economic rights and interests certificates, and also refer to specialized products, which are legal certificates used to prove that the holder enjoys certain rights and interests.
Securities mainly include capital security, currency securities and commodity securities. In a narrow sense, securities mainly refer to securities products in the securities market, including property market products such as stocks, debt market products such as bonds, and derivative market products such as stock futures, options and interest rate futures.
In February, 20021,Supplementary Provisions of the Supreme People's Court and the Supreme People's Procuratorate on the Execution of Confirmed Crimes (VII) stipulated the crime of fraudulently issuing securities (the crime of fraudulently issuing stocks and bonds was abolished).