Does the monthly stock of securities and bills meet the requirements?

Obey the rules. The "Regulations" list the specific forms of securitized basic assets, and allow enterprises to have property rights such as accounts receivable, credit assets, trust beneficiary rights and infrastructure income rights. Commercial bills, bonds, stocks and other securities, commercial real estate and other real estate can be used as the basic assets of securitization, which provides clear guidance for practical operation.

The Regulations also lowered the entry threshold for securities companies to engage in asset securitization business, and cancelled the threshold restrictions on the classification results and net capital scale of securities companies. A securities company that has the basic conditions of securities asset management business qualification and has no major violations of laws and regulations in the last year may apply for the establishment of a special asset management plan to carry out asset securitization business.

The Regulations improve the efficiency of the establishment and audit of asset securitization, simplify the administrative examination and approval procedures, and allow the cash flow generated by basic assets to be recovered for purchasing new basic assets to form special plan assets. In order to improve liquidity, the Regulations allow asset-backed securities to be transferred in stock exchanges, the inter-agency quotation transfer system of China Securities Association, the over-the-counter market of securities companies and other trading places recognized by the CSRC.

The regulation also allows securities companies to become market makers of asset-backed securities and provide liquidity services for products according to the rules of trading places. Asset-backed securities that meet the conditions for public offering can also be publicly issued and can be the subject of pledged repurchase.

Is a bill a kind of securities?

First of all, we should know that securities refer to all kinds of securities, so bills are of course a kind of securities. A bill is a written guarantee issued by the government or company to return money, and it is a negotiable securities that the drawer unconditionally promises to pay a certain amount by himself or others. 1 A bill is a kind of securities with a certain par value, which indicates the ownership or creditor's rights of the property. Whoever owns the bill has the right to obtain the amount recorded on the bill with the bill.

A bill is a bill that the drawer promises to pay a certain amount to the holder at maturity.

The payment promise made by the drawer of a bill is unconditional, that is, the payment obligation of the drawer cannot be based on the occurrence of an event or a certain situation or the making of an act.