Asset securitization uses the cash flow generated by the underlying assets in the future as repayment support, and uses a structured design to enhance the credit of a specific asset portfolio and specific cash flow, which is the so-called "credit enhancement" to improve asset qualifications.

The issuance of asset-backed securities on this basis is also called the issuance of ABS (Asset-backed Securities).

Generally speaking, asset securitization has become another efficient and feasible financing channel for enterprises in addition to bank financing.

Participants in asset securitization include original equity holders (initiators of asset securitization), SPVs (special purpose vehicles, that is, issuers of asset securitization), plan managers (generally referring to securities companies and fund subsidiaries), and service providers.

(Fund Manager), Fund Custodian (Fund Custodian, generally refers to commercial banks), Underwriters (Financial Intermediaries), Credit Enhancement Agencies (Risk Managers), Credit Rating Agencies (to determine credit ratings and improve credit quality)

institutions), investors (purchasing asset-backed securities).

The platform I know is Daoqin Puhui, which can issue ABS. It has a lot of resources such as banks, brokers, insurances, rating agencies, etc. It is also more convenient if you want to issue ABS. You basically don’t have to connect with each entity yourself. They

They will all help with the connection, which is pretty good.