摘要随着互联网行业的发展，以京东电商平台为首的互联网企业，凭借其自身巨大的用户流量和强大的消费者大数据库系统，为自身平台用户提供信用赊销和借贷服务。但是随着互联网消费金融信用赊销产品的广泛使用，使得京东也积累下了规模巨大的应收账款。这些信用赊销形成的应收账款资产流动性较弱，给企业带来了资金被占用、资金回流速度慢等资本结构不合理等问题。于是，资产证券化业务为盘活这部分流动性较差的金融资产提供了一种可行性方案，应收账款证券化由此营运而生。本文选取京东白条应收账款资产证券化这一典型案例，先对京东集团以及京东白条应收账款资产证券化背景进行概述，然后详细介绍京东白条应收账款资产证券化的实施过程及实施结果，最后分析京东白条应收账款资产证券化的动因和收益，基于前文的分析，对于发现的问题提出相应的完善措施，给以后实施资产证券化的企业提供一定的参考价值。关键词：京东白条；应收账款；资产证券化ABSTRACTWiththedevelopmentofInternetindustry,InternetenterprisesledbyJingDong(JD)e-commerceplatformprovidescreditsaleandloanservicesfortheirplatformusersbypowerfuluserflowandlargedatabasesystemofconsumers.However,withthewideuseofInternetconsumerfinancecreditproducts,JDhasaccumulatedalargescaleofaccountsreceivable.Theliquidityofaccountsreceivableassetsformedbycreditsaleisweak,whichbringssomeproblemstotheenterprise,suchastheoccupationofcapital,theslowreturnofcapitalandsoon.Asaresult,assetsecuritizationprovidesafeasibleplanforactivatingthispartoffinancialassetswithpoorliquidity.ThispaperselectsthetypicalcaseofJingDongBaiTiao(JDBT)receivableassetsecuritization,startingfromtheintroductionofthebackground,implementationprocessandcharacteristicsofJDBTreceivableassetsecuritization,andthenanalyzesthereasonsforJD'simplementationofreceivableassetsecuritizationfromtwoaspectsofreducingcostandobtainingincome.Simultaneously,weanalyzesJD,JDBT,assetsecuritization,thestructureofthespecialplan.Finally,wepointoutthesignificanceandproblemsoftheimplementationoftheproject.Throughtheanalysisofthecase,thispaperanalyzestheprocess,characteristicsandimpactoftheimplementationoftheproject,soastogainsomeexperienceandEnlightenmentfortheenterprisesplanningtoimplementtheassetsecuritizationprojectinthefuture.Keywords:JingdongBaitiao,Accountsreceivable,AssetSecuritization目录TOC\o"1-3"\h\z\uHYPERLINK"C:\\Users\\Administrator\\Desktop\\终于定稿的第七版-罗淑(自动保存的).docx"\l"_Toc38720906"摘要PAGEREF_Toc38720906\hIHYPERLINK"C:\\Users\\Administrator\\Desktop\\终于定稿的第七版-罗淑(自动保存的).docx"\l"_Toc38720907"1绪论PAGE