ABS　(Asset-Backed　Securitization)　could　be　utilized　as　a　financial　innovation　by　Beijing-Shanghai　high-speed　railway　project.　Firstly,　the　feasibility　and　necessity　of　ABS　financing　for　the　project　is　discussed.　Then,　the　process　of　ABS　in　this　project　is　set　up,　including　the　＇real　sell＇,　credit　enhancement,　credit　appraising.　Furthermore　the　paper　puts　forward　the　formula　for　fixing　price　of　ABS　and　makes　some　adjustments　in　co-ordinance　with　the　features　of　this　project.　©　2011　IEEE.