news

The types of ABS underlying assets continue to expand, with key areas such as consumer finance receiving attention

2024-07-18

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

Asset-backed securities (ABS) are one of the important tools for revitalizing existing assets and broadening corporate financing channels. After experiencing rapid development in the early stage, the ABS market has gradually entered a stable development stage in recent years, with the types of underlying assets constantly enriched, providing investors with more options for asset allocation.

From the perspective of industry development, Mingming, chief economist of CITIC Securities, told reporters that the ABS market is currently undergoing structural adjustments, among which accounts receivable ABS, consumer finance ABS, green ABS and insurance have become the focus of development. In the future, ABS will play a positive role in improving financial market efficiency, reducing financing costs, promoting diversified allocation of insurance funds, improving credit market risk pressure and providing more financing channels for the real economy.

In the second half of the year, the ABS market will continue to seek progress while maintaining stability, while striving for diversified and innovative development. Hu Hengsong, deputy general manager of Caida Securities, told reporters that in the future, as the underlying assets become more abundant, the ABS market will continue to occupy an important position in my country's bond market. (Securities Daily)