论高新技术产业资产证券化融资

On fund-raising of high-tech industries through issuing stocks

成熟阶段的高新技术产业资产证券化具有一定的融资功效,也是一项保障高新技术产业不断扩张的融资安排。构建科学合理的高新技术产业证券化的融资运作框架,既有利于维护发起人的权益,也有利于维护证券投资者的权益。目前,选择出口贸易应收款和预期知识产权转让收入,作为主要资产进行证券化具有一定的可行性。对不同的证券化资产,应选择不同的模式。要改善法律等外部环境,以保障高新技术产业证券化的顺利实施。

High-tech enterprises can seek development by raising funds through issuing stocks. A scientific and rational fund-raising model through issuing stocks can protect both the interests of issuers and stockholders. At present, the export account receivable and the transfer revenue of expected intellectual property right can be taken in the major assets to issue securities. Different models should be applied to different assets to issue stocks. Related laws should be promulgated to ensure high-tech enterprises to issue stocks.