电力企业资产证券化风险探析  

Discussions on the Risks of Assets Securitization for Electric Power Enterprises

作　　者：胡志成[1,2] 卜兆刚[2,3] 

机构地区：[1]中国社会科学院金融研究所博士后流动站,北京100732 [2]中国电力财务有限公司,北京100005 [3]中山大学管理学院,广东广州510275

出　　处：《能源技术经济》2010年第10期54-57,共4页Electric Power Technologic Economics

摘　　要：资产证券化可以在保证安全性和不降低信用等级的前提下,解决当前电力发展所面临的资金瓶颈问题,探讨了电力企业资产证券化业务交易结构,结合电力企业实际分析了电力资产证券化的特点以及可能存在的出表风险、关联交易风险等,电力企业可以通过建立风险防范制度、借助中介机构丰富的专业经验等防范风险。Assets securitization can resolve the bottleneck of fund shortage that the electric power enterprises are being faced with while guaranteeing security of the assets and maintaining the credit grade. This paper discusses the transaction structure of assets securitization, and, based on the real conditions of electric enterprises, analyzes the characteristics of assets securitization, potential off-balance-sheet risk, and affiliate transaction risks etc. The paper proposes that power enterprises can avoid financial risks effectively by establishing a risk-prevention system and by utilizing the expertise of agencies.

关 键 词：资产证券化 电力企业 风险 

分 类 号：F275[经济管理—企业管理]