PING AN OF CHINA(HK:02318) Jing Ji Guan Cha Wang·2025-04-28 23:39Core Viewpoint - The conference highlighted the importance of asset securitization in the financing leasing industry, showcasing its role in providing stable funding support and alleviating financing pressures for enterprises [2][4]. Group 1: Industry Leadership and Achievements - Ping An Securities maintained a leading position in the asset-backed securities (ABS) market for financing leasing, with an underwriting scale of 41.8 billion yuan in 2024, capturing approximately 17% market share [2]. - Over the past five years, Ping An Securities has cumulatively underwritten more than 150 billion yuan, covering various segments such as corporate financing leasing, automotive financing leasing, and small and micro leasing [2]. - The company received two "Golden Spring Awards" for its professional service capabilities in the financing leasing ABS sector, recognizing its contributions to the industry [2]. Group 2: Ecosystem Development and Innovation - The forum hosted by Ping An Securities focused on market trends and product innovation, emphasizing the need for a well-functioning ecosystem for the healthy development of financing leasing asset securitization [3]. - Key characteristics of a healthy ecosystem include precise matching of asset and funding sides, reasonable balance of risk and return, and organic integration of innovation and regulation [3]. - In the past three years, financing leasing debts have become the largest category of underlying assets in China's asset securitization market, with the issuance scale of financing leasing ABS reaching about 21% of the total market issuance in 2024 [3]. Group 3: Alignment with National Strategy - Ping An Securities has focused on serving national strategies and has continuously innovated in the financing leasing asset securitization sector to support high-quality development of the real economy [4]. - The company successfully issued a green ABS project for new energy vehicles with a scale of 2.208 billion yuan, contributing to the financing of the new energy vehicle sector and supporting the national "dual carbon" goals [4]. - Ping An Securities also facilitated the issuance of the first high-quality development ABS for small and micro enterprises, with a scale of 1.529 billion yuan, aimed at alleviating financing difficulties for small businesses [4][5].