Abstract

Although the securitization technique was wide applied in financial practice, moreover, oversea academics have abundant experience on such field, due to securitization’s late introduced to China, legislate infrastructure such as the supervised legislation and the tax laws are far beyond perfect, not mention the study of the pricing theories on securitization, especially in pricing the securities which backed by such infrastructural assets as electric power distributing network, theoretic research in this area is even rare. This paper conducts a case study, taking the electric-power-distribution asset of a mall as an example, to examine three different pricing methods for valuating asset backed securities, with the purpose to explore more an appliable pricing method for infrastructure asset securitization.

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