PPP证券化是什么

PPP证券化是指将PPP项目中的资产或收益权转化为可交易的证券的过程。通过PPP证券化，项目发起人可以将PPP项目中的一部分或全部未来现金流进行证券化发行，吸引投资者参与PPP项目的建设和运营，从而实现融资目的。

PPP证券化具有以下优点：

拓宽融资渠道：PPP证券化可以为PPP项目提供新的融资渠道，吸引更多投资者参与PPP项目的建设和运营，降低项目融资成本。

优化资产结构：通过PPP证券化，可以将PPP项目中的资产或收益权进行拆分和组合，优化资产结构，提高资产运营效率。

降低风险：PPP证券化可以将项目的风险分散给更多投资者，降低单个投资者承担的风险，同时为投资者提供更多的投资选择和风险控制手段。

提高市场流动性：PPP证券化可以将不可交易的资产或收益权转化为可交易的证券，提高市场流动性，方便投资者买卖和退出。

英文对照：

What is PPP Securitization?

PPP securitization refers to the process of converting the assets or revenue rights of PPP projects into tradable securities. Through PPP securitization, project sponsors can securitize and issue a portion or all of the future cash flows of PPP projects, attracting investors to participate in the construction and operation of PPP projects, thus achieving the purpose of financing.

PPP securitization has the following advantages:

Broaden financing channels: PPP securitization can provide new financing channels for PPP projects, attracting more investors to participate in the construction and operation of PPP projects, and reducing project financing costs.

Optimize asset structure: Through PPP securitization, the assets or revenue rights of PPP projects can be split up and combined, optimizing the asset structure and improving asset operational efficiency.

Reduce risk: PPP securitization can distribute project risks to more investors, reducing the risks borne by individual investors, and providing investors with more investment choices and risk control tools.

Improve market liquidity: PPP securitization can convert untradeable assets or revenue rights into tradable securities, improving market liquidity, and facilitating investors to buy and sell and exit.