{"title":"中国的基础设施证券化","authors":"Xuena Feng, Zhao Long","doi":"10.1109/ICEE.2010.723","DOIUrl":null,"url":null,"abstract":"Infrastructure in China is generally financed by government debt and bank loans, which endangers the financial system of the nation. This paper proposed asset-backed securitization as an instrument to solve the problem of financing infrastructure. This paper analyzed the principle of infrastructure securitization and studied the implementation details of the infrastructure securitization through the case study of securitization of Guangzhou Metro. It is concluded that the infrastructure securitization can be an effective instrument to finance infrastructure project in China.","PeriodicalId":420284,"journal":{"name":"2010 International Conference on E-Business and E-Government","volume":"63 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2010-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Infrastructure Securitization in China\",\"authors\":\"Xuena Feng, Zhao Long\",\"doi\":\"10.1109/ICEE.2010.723\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Infrastructure in China is generally financed by government debt and bank loans, which endangers the financial system of the nation. This paper proposed asset-backed securitization as an instrument to solve the problem of financing infrastructure. This paper analyzed the principle of infrastructure securitization and studied the implementation details of the infrastructure securitization through the case study of securitization of Guangzhou Metro. It is concluded that the infrastructure securitization can be an effective instrument to finance infrastructure project in China.\",\"PeriodicalId\":420284,\"journal\":{\"name\":\"2010 International Conference on E-Business and E-Government\",\"volume\":\"63 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2010-05-07\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"2010 International Conference on E-Business and E-Government\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1109/ICEE.2010.723\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"2010 International Conference on E-Business and E-Government","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/ICEE.2010.723","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Infrastructure in China is generally financed by government debt and bank loans, which endangers the financial system of the nation. This paper proposed asset-backed securitization as an instrument to solve the problem of financing infrastructure. This paper analyzed the principle of infrastructure securitization and studied the implementation details of the infrastructure securitization through the case study of securitization of Guangzhou Metro. It is concluded that the infrastructure securitization can be an effective instrument to finance infrastructure project in China.