汽车金融资产证券化实务

Practice of Automobile Financial Assets Securitization

我国汽车金融发展迅速,渗透性逐步提高,汽车租赁ABS市场不断出现新的进入者。其中,融资租赁以其准入门槛低、产品灵活度高、法律风险小成本低等优势脱颖而出。本文主要从概况、原始权益人的业务模式、客户黏性、风险把控能力、相关产品特点、行业发展等方面阐述汽车融资租赁资产证券化实务。最后借鉴美国的残值租赁经验,从二手车市场的角度展望我国汽车金融证券化的未来。

China's auto finance has developed rapidly and its penetration has gradually improved.New entrants have emerged in the car rental ABS market.Among them,,financial leasing stands out because of its low entry barrier,high product flexibility,low legal risk and cost.This paper mainly describes the auto financing leasing asset securitization practice from the aspects of the profile,the original equity business model,customer stickiness,risk control ability, related product characteristics and industry development.Through drawing on the experience of residual value leasing in the United States,it takes an outlook of China's auto finance securitization development from the perspective of the second hand car market