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前7个月“保险版”ABS登记规模超2200亿元 同比增长50.4%
Zheng Quan Ri Bao·2025-08-10 16:50

Core Viewpoint - The insurance asset management sector is experiencing significant growth in asset-backed securities (ABS) registration, driven by favorable market conditions and regulatory support [1][2][3]. Group 1: Asset-Backed Securities Growth - Zhongbao Insurance Asset Registration and Trading System Co., Ltd. reported that four asset-backed plans registered by insurance asset management institutions totaled 13 billion yuan [1]. - In the first seven months of this year, 50 asset-backed plans were registered, with a total scale of 221.877 billion yuan, marking a year-on-year increase of 50.4% [1][2]. - In July alone, 12 asset-backed plans were registered, up from 6 in the same month last year, with a total registration scale of 41.781 billion yuan, reflecting a year-on-year growth of 71.7% [2]. Group 2: Market Drivers - The growth in asset-backed plans is attributed to their risk characteristics aligning with insurance capital preferences and the ongoing decline in interest rates, prompting insurers to seek quality assets [2][4]. - The flexibility of product structure, clear repayment cash flows, and low correlation with equities and bonds make asset-backed plans attractive to insurers [2][3]. Group 3: Regulatory Support and Innovation - In April, the National Financial Supervision Administration and other departments issued a plan to support banks and insurance institutions in increasing investments in technology-driven bonds and asset-backed plans [3]. - Asset-backed plans are expanding into new segments, including steam charging rights, data asset charging rights, and new energy electricity revenue rights, indicating ongoing product innovation [3]. Group 4: Future Outlook - The insurance sector is expected to continue increasing the scale of registered asset-backed plans, with a broader variety of underlying assets [5]. - As investment scales grow, insurers will enhance their asset judgment capabilities and accumulate more experience in risk management and disposal related to asset-backed plans [5].