首单数据资产赋能ABS在上交所发行 为中小微企业融资注入“数据活水”

Core Viewpoint - The issuance of the first data asset-enabled Asset-Backed Securities (ABS) product marks a significant innovation in activating the value of data elements and supporting the financing needs of small and micro enterprises in the real economy [1][4]. Summary by Sections Product Issuance - The ABS product has a scale of 510 million yuan, with high-quality accounts receivable from central state-owned enterprises as the underlying assets [1]. - The innovation lies in the introduction of core data assets from China Investment Guarantee Corporation's subsidiary, which enhances the asset pricing process [1]. Financing Efficiency - The use of data assets optimizes the financing application review process, reducing the average review cycle by 3 to 5 working days, allowing for same-day approval and disbursement [2]. Risk Monitoring - A full lifecycle risk monitoring system is established, enhancing asset credibility through continuous tracking and analysis of accounts receivable post-loan [2]. Market Development - The issuance represents a new practice in multi-factor market development, facilitating the transition of data from "resource" to "product" to "asset" [3]. - The Shanghai Data Exchange plays a crucial role in ensuring the standardized application of data assets in financial scenarios [3]. Future Directions - The Shanghai Stock Exchange aims to continue optimizing market service systems and exploring new models for the integration of data elements with capital markets [4].