Fund Industry Association: In January, 137 new special plans for asset support were filed, with a total filing scale of 1122.64 billion yuan.

On February 26th, the Asset Management Association of China released a brief report on the operation of asset support special plans that were filed in January. The data shows that in January 2025, there were 137 new filings for asset support special plans (referred to as ABS), with a total filing size of 1122.64 billion yuan. Among them, there were 3 filings for ABS funded by infrastructure public REITs, totaling 51.12 billion yuan. In addition, the top three ABS basic assets in terms of new filing sizes were accounts receivable, real estate holding ABS, and microloan debt, with filing sizes of 344.22 billion yuan, 263.58 billion yuan, and 183.27 billion yuan respectively. As of the end of January 2025, there were a total of 2426 ABS in existence, totaling 20,981.81 billion yuan. Among them, there were 66 ABS funded by infrastructure public REITs, with a total size of 1,698.44 billion yuan. Additionally, the total size of existing ABS with basic assets consisting of accounts receivable, real estate holding ABS, CMBS, financing lease debt, and microloan debt amounted to 167.49 billion yuan, accounting for 79.83% of the total existing size (refer to figure 2); the total size of existing ABS with other basic assets amounted to 2,533.98 billion yuan, accounting for 12.08% of the total existing size.