Transnational securitization transactions are constituted by a number of separate links. Recognition of foreign legal person is one of the important parts. It is an important means to recognize legal person of foreign countries owning the appropriate ability and rights in the inner country to solve the conflict of laws where starting from the domestic law transnational asset securitization process appears, when relevant international uniform substantive law has not yet appeared. Foreign legal person recognition in China has evolved from absence to presence and gone from tight to loose. Its asset securitization process or the operation of a foreign corporation will play a certain role.