Journal of shanghai Jiaotong University (Science) ›› 2016, Vol. 21 ›› Issue (3): 350-354.doi: 10.1007/s12204-016-1732-1

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Study on International Development of Financial Asset Securitization:An Example of Mining Rights

Study on International Development of Financial Asset Securitization:An Example of Mining Rights

XUE Yaozu (薛曜祖)   

  1. (Research Institute of Transition of Resource-Based Economics, Shanxi University of Finance & Economics, Taiyuan 030006, China)
  2. (Research Institute of Transition of Resource-Based Economics, Shanxi University of Finance & Economics, Taiyuan 030006, China)
  • Online:2016-06-30 Published:2016-06-30
  • Contact: XUE Yaozu (薛曜祖) E-mail: xueyz2010@163.com

Abstract: Mining right asset securitization is a market financing pattern for mineral resources, and it is a creative application of financial asset securitization. Nowadays, because of world energy price decline, the world energy market is facing weak investment and financing sharply under pressure. Under this background, this paper aims at briefly commenting on the content, processes and impact of mining right asset securitization, understanding the international mining right asset securitization specific practices, and then combining the situation of China (Shanghai) Pilot Free Trade Zone so as to give advice for the development of mining right asset securitization in China. For instance, mineral mining rights and expenses system design are not clear, so the mineral values do not reflect their true costs and the need to speed up market credit system construction.

Key words: financial asset securitization| mineral resources| mining right, mining prices

摘要: Mining right asset securitization is a market financing pattern for mineral resources, and it is a creative application of financial asset securitization. Nowadays, because of world energy price decline, the world energy market is facing weak investment and financing sharply under pressure. Under this background, this paper aims at briefly commenting on the content, processes and impact of mining right asset securitization, understanding the international mining right asset securitization specific practices, and then combining the situation of China (Shanghai) Pilot Free Trade Zone so as to give advice for the development of mining right asset securitization in China. For instance, mineral mining rights and expenses system design are not clear, so the mineral values do not reflect their true costs and the need to speed up market credit system construction.

关键词: financial asset securitization| mineral resources| mining right, mining prices

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