资产证券化是一种以资产的未来现金收益为导向的创新型融资方式。被证券化的资产,也称基础资产,应能够产生可预计、稳定且较大规模的现金收益。已经发起设立和正在筹备设立的资产证券化专项计划中,基础资产有个人住房抵押贷款、网络租赁费收益权、高速公路收费收益权、融资租赁债权、水电收益权、污水处理收费收益权等。通过资产证券化,基础资产的拥有人,即原始权益人,可凭借一部分特定资产的未来现金收益能力进行融资,改善其资产的流动性。 Asset securitization is an innovative way of financing oriented toward the future cash return of assets. Securitized assets, also called underlying assets, should generate predictable, stable and large-scale cash receipts. The special assets securitization project that has been initiated and is being prepared and set up has basic personal assets such as individual housing mortgage loan, network rental fee income right, freeway toll income right, financing leasing claim, hydropower earnings right and sewage treatment fee recovery right. Through asset securitization, the owner of the underlying asset, the original owner, can finance part of the future cash yield of a particular asset to improve the liquidity of its assets.