应收账款资产证券化产品对于降“两金”效果研究

Research on the effect of accounts receivable asset securitization products on reducing the “two funds”

论述降"两金"、去杠杆政策的必要性及其面临的困境,以应收账款为切入角度,通过梳理降"两金"常用工具总结资产证券化的比较优势,最后通过某企业借助ABS实现资产出表的成功案例来为上述理论提供实践支持。研究发现,资产证券化是国企、央企资产出表最有效的方式,该结论为国企降"两金"、去杠杆以及配套政策的制定提供了一定的参考。

Combining the current background to discuss the necessity of reducing the "two funds" and deleveraging policies and the difficulties they face,from the perspective of accounts receivable,the comparative advantages of asset securitization are summarized by sorting out the commonly used tools to reduce the "two funds". Finally,a successful case of an enterprise using ABS to achieve asset out of the table provides practical support for the above theory. Research has found that asset securitization is currently the most effective way for state-owned enterprises to release their assets,this conclusion provides a certain reference for state-owned enterprises to reduce the"two funds",deleveraging and the formulation of supporting policies.