资产证券化在广东海印集团的应用研究

发布时间：2018-01-28 18:43

本文关键词： 资产证券化商业地产应用研究　出处：《宁夏大学》2017年硕士论文　论文类型：学位论文

【摘要】：资产证券化(Asset Securitization)于二十世纪末起源于欧美国家,自出现以来主要用来研究金融机构期限错配、流动资金不足等问题,自此在金融领域一直发挥着举足轻重的作用。本文所研究的证券化对象是广东海印集团股份有限公司,海印股份是自证监会明确将商业物业作为基础资产以来的国内首例商业地产公司资产证券化案例。本文再了解国内外研究现状的基础上,提出整篇文章的研究思路和方法。文章阐述了资产证券化的基本概念、产品种类以及交易结构等基本理论,并结合海印股份公告和证监会披露文件来分析海印股份实施资产证券化的项目背景、运作现状以及实施效果等情况。文章在分析的过程中结合财务管理的相关知识从融资成本、资产运营效率、财务风险、财务指标以及公司价值等几个方面来评价资产证券化在广东海印集团的应用情况,结果表明其在实施过程中还存在一些不足和风险,文章结合公司具体业务提出针对性的解决措施。
[Abstract]:Asset securitization originated in Europe and America in 20th century, and has been mainly used to study maturity mismatch of financial institutions since its emergence. Since then, it has been playing an important role in the field of finance. The object of securitization in this paper is Guangdong Haiyin Group Co., Ltd. Haiyin shares is the first commercial real estate company asset securitization case in China since the CSRC explicitly regards commercial property as the basic asset. Put forward the research ideas and methods of the whole article. The article elaborated the basic concept of asset securitization, product types and transaction structure and other basic theories. And combined with Haiyin shares announcement and Securities Regulatory Commission disclosure documents to analyze the implementation of Haiyin shares asset securitization project background. The article combines the relevant knowledge of financial management from financing cost, asset operation efficiency, financial risk in the process of analysis. Financial indicators and company value to evaluate the application of asset securitization in Guangdong Haiyin Group, the results show that there are still some shortcomings and risks in the implementation process. The article combines the company's specific business to put forward targeted solutions.
【学位授予单位】：宁夏大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.51

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