Bio: Zhu En-ma is an academic researcher. The author has contributed to research in topic(s): Debt & Securitization. The author has an hindex of 1, co-authored 1 publication(s) receiving 1 citation(s).
01 Jan 2004-Advanced Materials Research
TL;DR: In this paper, the authors proposed that the modes of land assets securitization which is represented by "land investment funds", and discussed the operation subject, operation procedure, operation preparation etc.
Abstract: The regional land store trade center in our country raise funds mainly rely on in debt during the process of dealing in land, and is generally faced to the hidden danger coming from the fracture of the funds chain. For expanding the capital sources, reducing financial risks, the research based on the necessary and possibility of proving urban land assets securitization, have proposed that the modes of land assets securitization which is represented by "land investment funds ", and have discussed the operation subject, operation procedure, operation preparation etc.
TL;DR: Wang et al. as discussed by the authors divided the urban land purchasing and reserving system into two sub-units, land real assets and land credit assets securitization, according to whether the assets are entity or not.
Abstract: Urban land purchasing and reserving system is an innovation in urban land usage in china, despite several financial problems with it. Land securitization is the best choice for carrying out the urban land reserve system. In the framework of urban land purchasing and reserving system, the urban land securitization was divided into two subunits, land real assets securitization and land credit assets securitization, according to whether the assets are entity or not. According to the types of securities, the former includes land bonds, investment funds and land trust plan three modes, while the latter includes balance-in mode, balance-out mode, quasi-off-balance-sheet mode and off-shore four modes. Discussion the aforementioned operation modes lead to suggestions for improving urban land securitization.