探析我国SPV的设立

An Analyze of Building SPV in China

SPV的设立在资产证卷化过程中是非常关键的一环,我国设立SPV可以采取3种模式:第一,由国家出资设立国有独资公司;第二由证卷公司或其他非银行金融机构共同出资组建股份有限公司形式的SPV;第三,由需要出售证卷化资产的公司注册成立一个合资子公司充当SPV的角色。至于何种模式最佳,还需要不断探索。

As a new financing mode, asset securitization has a good perspective in China's market. This paper analyses the function, requirements and the factors that we should take account in building the SPV. Three kinds of international mode of SPV are discussed and the mode for China is suggested.