Title :
Infrastructure Securitization in China
Author :
Feng, Xu ; Long, Zhao
Author_Institution :
Res. Center of Financial Eng., South China Univ. of Technol., Guangzhou, China
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.
Keywords :
financial management; China; Guangzhou Metro securitization; asset-backed securitization; bank loans; finance infrastructure project; financial system; government debt; infrastructure securitization; Cities and towns; Companies; Construction industry; Government; Instruments; Investments; Security; Asset-Backed Securitization; Guangzhou Metro; financing; infrastructure;
Conference_Titel :
E-Business and E-Government (ICEE), 2010 International Conference on
Conference_Location :
Guangzhou
Print_ISBN :
978-0-7695-3997-3
DOI :
10.1109/ICEE.2010.723
