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资产证券化是以特定资产组合或特定现金流为支持,发行可交易证券的一种融资形式。广义资产证券化主要包括实体资产证券化、信贷资产证券化、证券资产证券化、现金资产证券化四类业务。狭义资产证券化一般指发起人将缺乏流动性但具有可预测现金流的资产出售给特殊目的机构(SPV),从而获得融资并最大化提高资产流动性的一种结构性融资手段。
Asset securitization is a form of financing that issues tradable securities backed by a specific portfolio of assets or a specific cash flow. Generalized asset securitization mainly includes four types of businesses, namely securitization of assets, securitization of credit assets, securities asset securitization and cash asset securitization. Narrow asset securitization generally refers to a structured financing method whereby promoters sell assets that lack liquidity but have a predictable cash flow to a special purpose vehicle (SPV) in order to obtain financing and maximize asset liquidity.