Beijing-Shanghai high-speed railway project Asset-Backed Securitization

ABS (Asset-Backed Securitization) could be utilized as a financial innovation by Beijing-Shanghai high-speed railway project. Firstly, the feasibility and necessity of ABS financing for the project is discussed. Then, the process of ABS in this project is set up, including the “real sell”, credit enhancement, credit appraising. Furthermore the paper puts forward the formula for fixing price of ABS and makes some adjustments in co-ordinance with the features of this project.