IDEAS home Printed from https://ideas.repec.org/a/mes/chinec/v54y2021i4p249-261.html
   My bibliography  Save this article

Asset-Backed Securitization of PPP Projects: The Case of China

Author

Listed:
  • Beini Liu
  • Masato Abe
  • Fei Xie
  • Tientip Subhanij

Abstract

Sustainable and robust infrastructure plays a critical role in a country’s economic growth and improving living standards. Public private partnership (PPP) is an efficient tool for financing infrastructure. PPP has gained attention globally as a way to access capital markets and enhance the implementation of infrastructure by boosting private sector participation. The higher efficiency and innovative technology that the private sector brings can fundamentally improve the performance of PPP infrastructure projects from an environmental, social, and governance (ESG) perspective. This paper extends the existing literature on China's experience in developing asset-backed securitization (ABS) of PPP projects. It aims to understand how ABS would encourage PPP investments through greater private sector involvement in infrastructure projects in developing countries. Conducting a qualitative case study in China, the paper elaborates on how ABS can facilitate the implementation of PPP for infrastructure in order to achieve sustainable economic development in China. It also analyzes the existing challenges in the implementation of PPP asset-backed securitization (PPP-ABS) and provides policy recommendations.

Suggested Citation

  • Beini Liu & Masato Abe & Fei Xie & Tientip Subhanij, 2021. "Asset-Backed Securitization of PPP Projects: The Case of China," Chinese Economy, Taylor & Francis Journals, vol. 54(4), pages 249-261, July.
    • Handle: RePEc:mes:chinec:v:54:y:2021:i:4:p:249-261
    DOI: 10.1080/10971475.2020.1857058
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/10971475.2020.1857058
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/10971475.2020.1857058?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Xu, Runguo & Dong, Peng, 2023. "Underwriter reputation and asset-backed securitization pricing," Finance Research Letters, Elsevier, vol. 58(PB).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:chinec:v:54:y:2021:i:4:p:249-261. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MCES20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.