The establishment of SPV, credit rating and the credit enhancement for the security are all pivotal processes for employing the securitisation technique in China.

• 资产管理公司和信托机构可成为SPV，债券的信用评级和信用增强是证券化结构内部的重要组成部分，其目的是使此类债券能够吸引更多的投资者。