深耕ABS市场，财通资管前三季度发行规模突破400亿

Core Insights - The ABS market saw a total of 1,777 new issuance projects in the first three quarters of 2025, with an issuance scale of 16,336 billion yuan, representing a 17% increase compared to the same period last year [1] - Financial institutions are focusing on product structure innovation and expanding underlying assets to adapt to the improving market conditions [1] - The company, Caitong Asset Management, issued 52 ABS products totaling over 40 billion yuan in the first three quarters, marking a 38% year-on-year increase, ranking 8th in the industry [1] ABS Market Performance - The issuance scale of consumer finance ABS led the market with a total of 2,515 billion yuan, reflecting a 31% year-on-year growth [1] - Caitong Asset Management has developed a multi-tiered consumer finance product system, issuing 23 inclusive micro ABS products totaling approximately 18 billion yuan [1] Innovation in Financial Products - Caitong Asset Management is actively exploring innovative financial tools to support technology enterprises, issuing projects exceeding 10 billion yuan in the first three quarters [2] - The company launched the first national ABS product containing data intellectual property, supporting specialized and innovative enterprises [2] Support for Industry Upgrades - Caitong Asset Management issued four "Two New" labeled projects totaling over 4 billion yuan, promoting the second-hand car industry's upgrade [2] - The company has issued four themed projects related to the Yangtze River Economic Belt, totaling over 3 billion yuan, enhancing local enterprise financing structures [3] Cumulative Issuance and Future Strategy - Since its establishment, Caitong Asset Management has cumulatively issued 225 ABS products with a total scale of approximately 180 billion yuan [3] - The company aims to leverage its parent company’s comprehensive financial service platform to drive financial resources towards the real economy through ABS and REITs [3]