Securitirization is a project to issue securities that could circulate in the financial market using the asset lacking of liquidity but has stable cash flow as guarantee 所谓证券化是指以缺乏流动性但具有稳定的现金流的资产作抵押，发行可以在金融市场上出售和流通的证券，据以融通资金的工程。
The paper shows the skill how to attract the vc and to build a system which is high efficiency , more security and low cost and which will sever the corporation . the paper is composed of five parts 本文主要从风险企业的角度出发，阐述高科技企业面对急迫的资金需要，如何融通资金，为自己高速发展，构建一个高效、安全、成本最低的金融支持系统。
With the rapid development of global economy , non - possessory security over movables has emerged as one of the main enterprise finance devices , and thus greatly spurred social economy 第二次世界大战以后随着市场经济的高速发展，以及某些种类的动产在社会经济中的价值开始超过不动产，以动产为标的的担保制度逐渐成为企业融通资金的基本手段，并间接促成了社会经济的繁荣。
Consequently , the important function of financial intermediation is performed less efficiently than could be achieved . those who should have credit get less than they need , or none at all , and those that should not get any get ample 在这情况下，有关银行发挥融通资金这项重要功能的效率便会较低，应获批贷款的人不一定能得到所需的贷款，不应该获批贷款的，却可能得到大量的贷款。
Traders with some value added services : many firms now source raw materials for their suppliers and provide finance for these materials . they often use letters of credit from their customers as a guarantee for raising finance for their purchase orders 提供若干增值服务的贸易商：现时不少贸易公司为其供应商采购原材料，并为这些物料提供融资。他们通常使用客户开出的信用证作为担保，为其采购订单融通资金。
Auto finance can improve the efficiency of auto production , service and capital utilization . currently there is only less than 20 % of chinese car buyers are buying on credit comparing with over 70 % in those developed market 汽车金融服务是在汽车的生产、流通与消费环节中融通资金的金融活动,主要包括资金筹集、信贷运用、抵押贴现、证券发行与交易以及相关保险、投资活动,它是汽车业与金融业相互渗透的必然结果。
At present it is difficult for smes of our country to get financial support from either state - owned banks or capital market because the rigid informatin publication mechanism in the present single nationwide capital market doesn ' t fit the information management in smes 摘要目前，我国中小企业难以从国有商业银行和资本市场上融通资金，其原因是由于现有的单一全国性资本市场上较严格的信息披露机制与中小企业信息管理不相适应。
Asset securitization has been one of the most important financial innovations since the 1970s . it transfers the asset that is lack of liquidity into liquid securities through structuring a series of trades in order to obtain capital and improve the structure of assets and liabilities 资产证券化是20世纪70年代以来最重要的金融创新之一，它通过巧妙设计，将流动性差的资产转换为流动性好的证券，借以融通资金，达到改善资产负债结构的目的。
