聚焦资产证券化，我们组了一个“朋友圈”

Core Viewpoint - Asset securitization plays a crucial role in connecting the real economy with capital markets, vital for revitalizing existing resources, diversifying financial risks, and broadening financing channels [1][2]. Group 1: Importance of Asset Securitization - The asset securitization conference held on December 17 is part of the 2025 Bond Market High-Quality Development Conference, emphasizing its importance in serving the real economy and optimizing financing structures [1][2]. - The conference gathered representatives from various sectors to discuss the implementation paths of asset securitization [1][2]. Group 2: Regional Focus and Development - The Henan bond issuance scale ranks among the top in Central China, with a diverse range of products and an optimized term structure, becoming a key engine for regional economic development [8]. - The "Asset Securitization Ecological Partner Cooperation Plan" was launched, involving nine companies and institutions to foster collaboration in the asset securitization sector [10][12]. Group 3: Financial Performance and Innovations - In the first three quarters of the year, Ping An Group achieved an operating profit of 116.26 billion yuan, a year-on-year increase of 7.2%, with a focus on providing debt financing exceeding 390 billion yuan [6]. - Ping An Securities has facilitated over 159 billion yuan in asset securitization financing, ranking second in the market, and has initiated several innovative projects [6][19]. Group 4: Future Outlook and Challenges - The 2025 Central Economic Work Conference indicates a continuation of proactive macro policies, with expectations for increased fiscal policy efforts in 2026 [15]. - The transition from "incremental drive" to "stock revitalization" in the domestic financing system presents both challenges and opportunities for enterprises to efficiently revitalize existing assets through asset securitization [22][24].