证券代码：600708 证券简称：光明地产 公告编号:临2025-043 资产支持计划业务，是指保险资产管理公司等专业管理机构作为受托人设 立支持计划，以基础资产产生的现金流为偿付支持，面向保险机构等合格投资 者发行受益凭证的业务活动。 本次供应链资产支持计划项目采取申请储架额度分期发行方式，拟申请储 架额度不超过人民币 20.00 亿元，具体发行规模将以有关监管部门批复的金额 为准，并以各期资产支持计划实际成立时的公告为准。 资产支持计划应当自取得中保登产品登记编码 1 年内完成首期产品的发行， 末期产品发行距首期产品发行时间不超过 1 年，本公司将根据经营发展需要及 市场利率水平择机发行。同时根据市场环境、参考同业产品在中保登的发行情 况及投资人期限偏好，确定单期产品的发行规模、发行期限等要素。 根据发行期间市场无风险利率水平、公司信用溢价情况、中保登市场同类 产品发行情况以及投资人情况确定。 本公司作为共同债务人，对于每一笔基础资产项下应收账款出具无条件付 款确认文件，确认本公司对基础资产项下各笔应收账款到期时的未偿款项承担 无条件的共同付款义务，具体以最终签署的相关协议/函件约定为准。光明食 品（集团 ...

Group 1 - The core viewpoint of the articles highlights the rapid growth of asset-backed plans registered by insurance asset management institutions, with a total registration scale reaching 230 billion yuan in July, reflecting a significant increase in the first half of the year, where 13 institutions registered 38 plans totaling 1,800.96 billion yuan, a year-on-year growth of 46% [1][2][4] - The asset-backed plan business is characterized as a means for insurance asset management institutions to issue beneficiary certificates based on cash flows from underlying assets, which are increasingly diversified, including factoring receivables, financial leasing, infrastructure revenue rights, consumer finance, and supply chain assets [2][3] - The shift from a registration system to a registration system in 2021 has led to a nearly twofold increase in the registration scale over three years, with a recovery in growth observed in 2023 after a decline in 2024 [2] Group 2 - The characteristics of asset-backed plans, such as stable cash flows, long durations, and lower risks compared to equity assets, align well with the investment needs of insurance capital, making them increasingly favored by insurance asset management institutions [1][4] - Recent policy support from regulatory bodies encourages insurance institutions to increase investments in asset-backed plans and other securitized products, further driving the growth of this market segment [2] - The expansion of the underlying asset categories for asset-backed plans indicates a move away from reliance on single asset types, enhancing the vitality and longevity of these financial products [3][4]