The Analysis of Asset-Backed Security Backed by Online Consumer Loan

Ziyi Jia; Yuwei Chen; Jianing Lang; Peidong Li

doi:10.54254/2754-1169/4/20221078

Research Article

Open access

Published on 21 March 2023

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Jia,Z.;Chen,Y.;Lang,J.;Li,P. (2023). The Analysis of Asset-Backed Security Backed by Online Consumer Loan. Advances in Economics, Management and Political Sciences,4,292-302.

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The Analysis of Asset-Backed Security Backed by Online Consumer Loan

Ziyi Jia *^,1, Yuwei Chen ², Jianing Lang ³, Peidong Li ⁴

¹ College of Art and Science, Department of Mathematics and Statistics, Boston University, Boston, 02215, USA
² Wuhan Britain China School, Wuhan, 430000, China
³ School of public finance and taxation, Shandong university of Finance and economics, Jinan, 250000, China
⁴ Muir College, Applied Math, University of California, San Diego, San Diego, 92093, USA

* Author to whom correspondence should be addressed.

https://doi.org/10.54254/2754-1169/4/20221078

Abstract

The "pause button" on Ant Group's dual listing in September 2020 attracted great attention from the fintech companies regarding their use of asset-backed securities (ABS) to lend huge amounts of money to consumers. Chinese regulators responded to this financial practice and introduced a series of regulations to minimize the potential risks of these lending activities and the adverse impacts on consumers. In this paper, the author explains how fintech companies use ABS to conduct their loaning activities, analyzes the risks presented in the industry, and introduces the corresponding policies and regulations.

Keywords

Asset-Backed Security, Ant Group's., Online Consumer Loan

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References

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Cite this article

Jia,Z.;Chen,Y.;Lang,J.;Li,P. (2023). The Analysis of Asset-Backed Security Backed by Online Consumer Loan. Advances in Economics, Management and Political Sciences,4,292-302.

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About volume

Volume title: Proceedings of the 6th International Conference on Economic Management and Green Development (ICEMGD 2022), Part Ⅱ

Conference website: https://www.icemgd.org/

ISBN：978-1-915371-17-1(Print) / 978-1-915371-18-8(Online)

Conference date: 6 August 2022

Editor：Canh Thien Dang, Javier Cifuentes-Faura

Series: Advances in Economics, Management and Political Sciences

Volume number: Vol.4

ISSN：2754-1169(Print) / 2754-1177(Online)

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