What are the basic asset types of asset securitization business?

From the perspective of legal attributes, the basic assets of enterprise asset securitization are mainly creditor's rights, usufructuary rights and trust beneficial rights.

Asset securitization refers to the process of issuing asset-backed securities (ABS) through structured design, with the future cash flow of the underlying assets as repayment support and credit enhancement.

It is a form of financing that issues tradable securities supported by a specific portfolio of assets or a specific cash flow. ? Asset securitization only refers to asset securitization in a narrow sense.

The latest "Measures for the Administration of Asset Securitization" stipulates that the basic assets of asset securitization are subject to negative list management. The "Guidelines for Negative List of Basic Assets of Asset Securitization Business (Draft for Comment)" published yesterday shows that the negative list includes assets with great uncertainty in cash flow generating capacity, such as mineral resources exploitation income rights and land transfer income rights.

Real estate rental claims that cannot generate stable cash flow due to vacancy and other reasons; Income right of infrastructure, commercial property, residence and other real estate or related real estate to be developed or under construction, accounting for more than 10%; Basic assets that cannot directly generate cash flow but can only generate cash flow through the disposal of assets; Moreover, the legal definition and business form belong to different types of asset portfolio, which lacks correlation; Assets that violate relevant laws, regulations or policies.