中小企业资产证券化法律问题研究

发布时间：2018-12-13 21:23

【摘要】：资产证券化起源于美国住房贷款领域，二十世纪90年代，资产证券化在企业融资领域逐步兴起，其出现大大减轻了企业融资贷款的压力。特别对于中小企业来说，融资难更为突出，资产证券化无疑为其解决融资难问题提供了一条新思路。在国外资产证券化已经取得了一定成效，我国也进行了一些企业资产证券化的实践，但一系列的法律问题也随之产生，故在把握资产证券化所带来的机遇同时，也要加大风险防范。为此，本文特别针对中小企业资产证券化的相关法律问题进行研究，说明资产证券化对中小企业的意义，以及总结其运行过程中出现的法律问题，，并提出完善该制度的建议。具体内容如下：第一章介绍中小企业资产证券化的一般原理，包括资产证券化的起源及含义，以及中小企业资产证券化的含义和特征，并总结出我国中小企业实施资产证券化的意义，不但可以解决中小企业融资难问题而且开拓新式信用基础融资方式并降低金融体系风险提高运作效率；第二章通过分析我国中小企业资产证券化的现状，包括立法现状及实践现状，分析其存在的风险，并指出该制度存在的三个主要法律问题，即特殊目的机构问题、基础资产转让问题及真实销售问题。第三章介绍美、日两国资产证券化法制发展情况，总结出一些值得我国借鉴的经验，特别是对美国次贷危机进行分析，指出资产证券化并不必然导致次贷危机，但必须合理运用，不能盲目追求利益最大化，总结出美国在次贷危机后防范风险的对策。另外借鉴日本发展企业资产证券化的经验，不仅从立法模式上，而且在具体制度上进行有益的吸收，为我国发展中小企业资产证券化提供了宝贵建议；最后一章是立足本国国情，针对上述三个主要法律问题提出立法建议。
[Abstract]:Asset securitization originated in the field of housing loans in the United States. In the 1990s, asset securitization gradually rose in the field of enterprise financing, which greatly alleviated the pressure on enterprise financing loans. Especially for small and medium-sized enterprises, financing difficulties are more prominent, asset securitization undoubtedly provides a new way to solve the financing problem. Some achievements have been made in asset securitization in foreign countries, and some practices of asset securitization have been carried out in our country. However, a series of legal problems have arisen, so we should grasp the opportunities brought by asset securitization. We should also increase risk prevention. Therefore, this paper studies the relevant legal issues of asset securitization, explains the significance of asset securitization to small and medium-sized enterprises, summarizes the legal problems in the course of their operation, and puts forward some suggestions to improve the system. The main contents are as follows: the first chapter introduces the general principle of asset securitization of small and medium-sized enterprises, including the origin and meaning of asset securitization, and the meaning and characteristics of asset securitization of small and medium-sized enterprises. The significance of asset securitization for small and medium-sized enterprises in China is summarized, which can not only solve the problem of financing difficulties for SMEs, but also open up new forms of basic credit financing and reduce the risks of financial system to improve the operational efficiency. The second chapter analyzes the current situation of asset securitization of small and medium-sized enterprises in our country, including the current situation of legislation and practice, and points out that there are three main legal problems in this system, that is, the problem of special purpose agency. Transfer of basic assets and real sales issues. The third chapter introduces the legal development of asset securitization in the United States and Japan, summarizes some experiences that our country can learn from, especially analyzes the subprime mortgage crisis in the United States, and points out that asset securitization does not necessarily lead to subprime mortgage crisis. But we must use it reasonably and not blindly pursue the maximization of profits, summing up the countermeasures of preventing the risk after the subprime mortgage crisis in the United States. In addition, drawing lessons from Japan's experience in the development of asset securitization of enterprises, not only from the legislative model, but also in the specific system of beneficial absorption, for the development of asset securitization of small and medium-sized enterprises in China to provide valuable advice; The last chapter is based on the national conditions, in view of the above three main legal issues legislative recommendations.
【学位授予单位】：广东商学院
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：D922.287;F832.51

【参考文献】