Capital ABS scale increases significantly, reviving existing underlying assets accelerating.

According to the latest disclosure information from the China Insurance Registration Center, recently, four asset-backed plan registration codes issued by Industrial Bank Ansheng, Bank of China Asset Management, and PICC Capital Register, with a total registration scale of 13 billion yuan. Since the beginning of this year, the China Insurance Registration Center has registered 50 asset-backed plans, with a total scale exceeding 200 billion yuan, showing a significant increase compared to the same period last year. Industry analysts point out that insurance asset support plans, also known as insurance ABS in the industry, have flexible structures, clear cash flows, and increasingly rich underlying assets, making them an important tool for the allocation of insurance capital and bank wealth management funds in a low interest rate and asset shortage environment. The person in charge of PICC's assets stated that asset support plans not only activate existing assets, support economic structural adjustments and financial market transformation and development, but also help to reduce corporate financing costs and adjust debt structures; the core of the product is the underlying assets, with the cash flow of the underlying assets serving as the product's repayment source, requiring a focus on whether the underlying assets have sustainable profitability and stable cash flow.