中国的资产证券化目前有三种模式-信贷资产证券化、企业资产证券化和资产支持票据，这三种资产证券化的交易模式各有不同，本文主要分析三种资产证券化模式的不同点，包括基础资产、交易结构、信用增级、现金流分配顺序和信息披露机制的对比。

关键词：信贷资产证券化、企业资产证券化、资产支持票据

At present, there are three modes of asset securitization in China: credit asset securitization, enterprise asset securitization and asset-backed notes. These three modes of asset securitization are different. This paper mainly analyzes the differences of these three modes, including the comparison of basic assets, transaction structure, credit enhancement, cash flow distribution order, and information disclosure mechanism.

Keywords: Credit Asset Securitization, Enterprise Asset Securitization, Asset-backed Notes