“新十年再出发” 资产证券化助力经济高质量发展

Core Viewpoint - The recent forum on asset securitization in China highlighted its significant role in supporting the real economy, enhancing consumer spending, revitalizing existing assets, optimizing resource allocation, and mitigating financial risks [1][2]. Group 1: Development and Trends in Asset Securitization - China's asset securitization market has matured over 20 years, with the first projects emerging around 2005, indicating a youthful and dynamic phase of development [1]. - The market has seen the introduction of various asset-backed securities (ABS) products, including infrastructure REITs, which have effectively served the real economy and supported private enterprises [2]. - As of April 2025, the total scale of the Shenzhen Stock Exchange's bond market approached 3.5 trillion yuan, showing significant positive growth [3]. Group 2: Innovations and Future Opportunities - The integration of public data assets into the securitization framework is emerging as a new growth driver, with the potential to transform public data into tradable financial products [3]. - The national data market is projected to grow from 160 billion yuan to 716 billion yuan by 2030, indicating a substantial increase in data asset transactions [4]. - Innovations in supply chain bill asset securitization are expected to enhance the efficiency of financial services, particularly in green and digital finance [5].