“虽然地方债无缘于资产证券化的操作,但根据现行政策,对于有一定收益的项目或者可以改造成有比较稳定现金流的项目,以及带有公益性质的基础设施建设项目通过注入财政补贴,主要通过PPP模式转化为普通企业债。这赋予了资产证券化与PPP结合进行地方政府融资的应用可能。” Although local bonds are not subject to the operation of asset securitization, according to current policies, projects with a certain income or projects that can be transformed into a relatively stable cash flow and infrastructure projects with public goods are subsidized by injecting financial subsidies , Mainly through the PPP model into ordinary corporate bonds, which gives the application of the combination of asset securitization and PPP for local government financing. “”