Proceedings of the 2019 International Conference on Management, Education Technology and Economics (ICMETE 2019)

Benefit Analysis of Receivables Securitization in Electric Heating Industry-Takes Tianfu energy as an Example

Authors
Songqin Ye, Huan Yang
Corresponding Author
Huan Yang
Available Online May 2019.
DOI
https://doi.org/10.2991/icmete-19.2019.37How to use a DOI?
Keywords
Accounts receivable; Asset securitization; Enterprise financing
Abstract
Receivables securitization is a kind of credit asset securitization, which is a financing process to restructure the receivables of enterprises that lack liquidity but have future cash flow to issue marketable securities in the asset pool formed. Since the 20th century, the majority of China’s various fields have started to involve in this financing mode. As the first order of asset securitization project in domestic power and heat supply field, Tianfu energy has provided positive demonstration cases for listed companies in China to carry out receivables securitization and realize market-oriented resource allocation. This paper analyzes the process of the securitization of accounts receivable of Tianfu energy from the perspective of finance and market, on this basis, also analyzes the economic benefits brought to the enterprise by the securitization, and finally puts forward relevant suggestions and experience enlightenment for the problems existing in the financing process.
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Proceedings
2019 International Conference on Management, Education Technology and Economics (ICMETE 2019)
Part of series
Advances in Economics, Business and Management Research
Publication Date
May 2019
ISBN
978-94-6252-725-6
ISSN
2352-5428
DOI
https://doi.org/10.2991/icmete-19.2019.37How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Songqin Ye
AU  - Huan Yang
PY  - 2019/05
DA  - 2019/05
TI  - Benefit Analysis of Receivables Securitization in Electric Heating Industry-Takes Tianfu energy as an Example
BT  - 2019 International Conference on Management, Education Technology and Economics (ICMETE 2019)
PB  - Atlantis Press
SN  - 2352-5428
UR  - https://doi.org/10.2991/icmete-19.2019.37
DO  - https://doi.org/10.2991/icmete-19.2019.37
ID  - Ye2019/05
ER  -