互联网消费金融资产证券化的应用——以京东白条为例

发布时间：2018-01-14 16:22

本文关键词：互联网消费金融资产证券化的应用——以京东白条为例　出处：《财会月刊》2017年04期 　论文类型：期刊论文

【摘要】：随着互联网金融的发展,具有成熟客户群体的电商平台纷纷布局市场潜力巨大的消费金融市场。以京东、阿里巴巴为代表的电商相继推出了符合自身特点的互联网消费金融产品,并借助自身电商平台积累的海量数据和丰富的场景应用实现较快的发展。本文以国内首例互联网消费金融资产证券化产品"京东白条应收账款债权资产支持专项计划"为研究对象,研究发现:该产品仅采用内部增信方式,信用增进成本较低;得益于新型互联网化的大数据风险管理机制以及较为丰富的线上数据,产品投资风险较低;循环购买的交易结构使得资产支持证券本身具有较强的风险抵御能力。据此针对其投资主体较为单一和风险隔离方面存在的问题,为我国企业资产证券化的发展提供相应的建议。
[Abstract]:With the development of Internet finance, e-commerce platforms with mature customer groups have laid out the consumer financial market with great market potential. Alibaba for the representative of e-commerce has launched their own characteristics of Internet consumer financial products. And with its own e-commerce platform accumulated massive data and rich scene applications to achieve rapid development. This paper takes the first Internet consumer financial asset securitization products in China. JingDong White item accounts Receivable creditor's Rights and assets support Special Plan "as the object of study." It is found that the product only adopts the internal credit enhancement method, and the cost of credit enhancement is lower; The risk of product investment is low due to the new Internet-based big data risk management mechanism and abundant online data. The trading structure of circular purchase makes the asset-backed securities have strong ability to resist risks. Accordingly, it aims at the problems of its investment body being single and risk isolating. To provide corresponding suggestions for the development of asset securitization in China.
【作者单位】：茂名广播电视大学财经管理学部;
【分类号】：F724.6;F832
【正文快照】： 一、引言消费金融是指为满足消费者对商品和服务的购买需求而提供的金融服务。互联网消费金融是指“互联网+消费金融”的新型金融服务方式。随着互联网逐渐渗透到社会生活的方方面面,金融服务方式发生了巨大改变。根据人民银行等十部门发布的《关于促进互联网金融健康发展的

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